Why use Policybazaar's SSY Calculator?

Policybazaarâs SSY Calculator helps you easily estimate the maturity amount of your Sukanya Samriddhi Yojana account based on current interest rates, yearly deposits, and investment duration. It simplifies complex calculations to help you effectively plan your finances for your daughterâs future needs.

What is Sukanya Rs. 10,000 per month?

This means depositing Rs. 10,000 every month into the SSY account. Over the 15-year deposit period plus 6-year lock-in, this can grow to a significant corpus (potentially around Rs. 1 crore) with compounded interest at 8.2%.

How is Sukanya Samriddhi Yojana calculated by the post office?

The Post Office SSY calculator applies the government-set interest rate to annual or monthly contributions over the 21-year tenure. It sums deposits and compounded interest each year to estimate the maturity amount.

What is Sukanya Samriddhi Yojana 1500 per month post office?

Investing Rs. 1,500 monthly (Rs. 18,000 yearly) in SSY for 15 years can yield a maturity corpus of around Rs. 10-11 lakhs after 21 years, including compounded interest.

What is Sukanya 1000 per month?

It refers to monthly contributions of Rs. 1,000 in the SSY account. Such deposits over 15 years with 8.2% interest can mature to about Rs. 5.4 lakhs after 21 years.

What is SSY 5000 per month?

Investing Rs. 5,000 monthly (Rs. 60,000 annually) is a higher contribution level to build a larger corpus for the girl child. The maturity amount and interest earned can be calculated using the SSY calculator for this input.

How does the Policybazaar SSY Calculator calculate the maturity amount?

It calculates maturity by compounding the annual deposits with the current SSY interest rate (compounded yearly) over the investment period of typically 21 years. It adds up all deposits and interest accrued each year to provide the total maturity amount you can expect at the end of the scheme.

What is the deposit 2000 per month in Sukanya Samriddhi Yojana?

Depositing Rs. 2,000 monthly results in a maturity amount close to Rs. 10.78 lakhs after 21 years at 8.2% interest, assuming consistent monthly deposits for 15 years followed by a 6-year lock-in period.

What is the deposit for SSY after 15 years?

You can only deposit into the SSY account for 15 years from the account opening date. After 15 years, no further deposits are allowed, but the balance continues to earn interest until maturity at 21 years.

How much money will I get after 21 years of Sukanya Samriddhi Yojana?

Maturity depends on your total annual deposits and interest. For example, investing Rs. 50,000 annually for 15 years at 8.2% yields about Rs. 23.94 lakhs. Investing the maximum Rs. 1.5 lakh annually can grow to around Rs. 69.28 lakhs or more after 21 years.

How does the Policybazaar SSY Calculator help me?

The calculator shows you the expected maturity amount, total principal invested, and interest earned over the years. It allows you to adjust inputs like annual investment and tenure so you can visualize different saving scenarios and set realistic financial goals for education or marriage.

Sukanya Samriddhi Yojana Calculator

The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme that aims to create a corpus to financially secure the future of your girl child. Currently, the scheme offers an attractive interest rate of 8.2% p.a. The Sukanya Samriddhi Yojana calculator is a financial tool that can estimate returns and maturity amounts for investments made under the SSY scheme.

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Sukanya Samriddhi Yojana Calculator

Latest SSY Interest Rate = 8.2%

Yearly Investment

You can invest maximum upto ₹1,50,000

₹

Girl's Age

Maximum age should be 10 years

Yrs

Start Year

Investment term is 21 years

Total Investment

Total Interest

Total Investment

Total Interest

Maturity Year

Maturity Value

Amount you will get

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What is the Sukanya Samriddhi Yojana Calculator?

The Sukanya Samriddhi Yojana (SSY Calculator) is a tool that helps you estimate the maturity amount you'll get on your investment in the Sukanya Samriddhi Yojana account. The Sukanya calculator shows you how much money you can save for your girl child's education and marriage expenses.

The SSY calculator takes the following details into account:

Yearly investment amount
Age of Girl Child
Starting year of your investment

Illustration

The current interest rate of the Sukanya Samriddhi Yojana: 8.2%

Annual Amount of Investment = ₹1.5 lakhs
Your Girl’s Age = 1 year
Start year of the investment = 2025
Maturity Year: 2046

The Maturity Value = ₹71,82,101

Thus, the SSY calculator can help you understand the maturity amount.

How to Use the Sukanya Samriddhi Yojana Calculator from Policybazaar?

Follow the three simple steps mentioned below to learn the use of Policybazaar’s Sukanya Samriddhi calculator:

Step 1:

Open the Sukanya Samriddhi Scheme Calculator.

Step 2:

Enter the following information in the Sukanya calculator:

The yearly amount of investment
The entry age of the girl child
Starting year of investment

Step 3:

Click the "Calculate" button.

Final Result:

The Sukanya Samriddhi Yojana calculator will show you the following results:

Total Amount of Investment
Total Interest Earned
Total Maturity Amount
Maturity Year of SSY Account

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How Does the Sukanya Samriddhi Yojana Calculator Work?

The SSY calculator uses the following formula to determine the maturity amount:

For example:

Let’s assume the SSY account again offers an interest rate of 8.2% p.a. Now, let's calculate the maturity amount if you deposit Rs. 30,000 every year for 21 years in the SSY account. According to the formula and the usual compounding, at the end of 21 years, you will receive Rs. 14,36,424 at maturity. The table below illustrates the calculations for each year:

Year	Opening Balance (Rs.)	Deposit (Rs.)	Interest (Rs.)	Closing Balance (Rs.)
1	0	30,000	2,460	32,460
2	32,460	30,000	5,122	67,582
3	67,582	30,000	7,974	1,05,556
4	1,05,556	30,000	11,017	1,46,573
5	1,46,573	30,000	14,271	1,90,844
6	1,90,844	30,000	17,744	2,38,588
7	2,38,588	30,000	21,446	2,90,034
8	2,90,034	30,000	25,389	3,45,423
9	3,45,423	30,000	29,590	4,05,013
10	4,05,013	30,000	34,064	4,69,077
11	4,69,077	30,000	38,825	5,37,902
12	5,37,902	30,000	43,891	6,11,793
13	6,11,793	30,000	49,283	6,91,076
14	6,91,076	30,000	55,021	7,76,097
15	7,76,097	30,000	61,127	8,67,224
16	8,67,224	0	71,118	9,38,342
17	9,38,342	0	76,945	10,15,287
18	10,15,287	0	82,804	10,98,091
19	10,98,091	0	89,621	11,87,712
20	11,87,712	0	97,585	12,85,297
21	12,85,297	0	1,05,986	14,36,424

Maturity Amount for Different Investments

The table below shows the final amount you will receive at maturity based on different annual deposit amounts:

Amount Invested Annually	Total Investment	Interest Earned	Maturity Amount (after 21 years)
15,000	2,25,000	4,10,504	6,35,504
30,000	4,50,000	9,86,424	14,36,424
60,000	9,00,000	19,72,847	28,72,847
90,000	13,50,000	29,59,271	43,09,271
1,20,000	18,00,000	39,45,695	57,45,695
1,35,000	20,25,000	44,38,908	64,63,908

Tax Benefits Calculation of Sukanya Samriddhi Yojana

The deposited amount in the SSY account is eligible for a tax deduction of up to Rs. 1,50,000 per year under Section 80C of the Income Tax Act in the old regime. The interest earned on the deposit and the maturity amount are both tax-free.

Example Tax Calculation

If your annual income is Rs. 7,50,000 and you have invested Rs. 1,35,000 in Sukanya Samriddhi Yojana, your taxable income would be calculated as follows:

Yearly Income = Rs. 7,50,000
Standard deduction = Rs. 50,000
Deduction under Section 80C for SSY = Rs. 1,35,000
Your final taxable income would be = Rs. 5,65,000

You will pay a tax of Rs. 33,800. If you had not invested in Sukanya Samriddhi Yojana, you would have paid a tax of Rs. 59,400.

In Policybazaar’s Sukanya Samriddhi Yojana calculator, you just need to enter the yearly investment amount, the age of the girl child, and the investment start year, and the calculator will show you the maturity amount instantly.

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Who Can Use the SSY Calculator 2025?

If you are eligible for the Sukanya Samriddhi Yojana Scheme, you could use the SSY calculator to plan your investments in the scheme. The following are the eligibility criteria for the scheme:

Parent or legal guardian of a girl child (below 10 years old).
The girl child must be a resident of India until account maturity.
Maximum of two accounts per family (third allowed if second birth results in twins).
Annual contributions between ₹250 and ₹1.5 lakh for 15 years
Operations of the SSY account begin when the girl child turns 18 years old.

Banks Offering SSY

SSY Calculators

Indian Overseas Bank Sukanya Samriddhi Yojana

IndusInd Bank Sukanya Samriddhi Yojana

Yes Bank Sukanya Samriddhi Yojana

Bank of India Sukanya Samridhi Yojana

Kotak Bank Sukanya Samriddhi Account

Bank of Maharashtra Sukanya Samriddhi Yojana

Andhra Bank Sukanya Samriddhi Account

UCO Bank Sukanya Samriddhi Yojana

Expand

Indian Bank- Sukanya Samriddhi Yojana Calculator

Sukanya Samriddhi Yojana- Central Bank of India Calculator

Canara Bank- Sukanya Samriddhi Yojana Calculator

Bank of Maharashtra- Sukanya Yojana Calculator

Sukanya Samriddhi Yojana Calculator Bank of India

Sukanya Samriddhi Yojana Calculator - Union Bank

Sukanya Samriddhi Yojana Calculator-UCO Bank

Sukanya Samriddhi Yojana Calculator - State Bank of India

Expand

What are the Benefits of Using an SSY Calculator?

Key benefits of the Sukanya Samriddhi Yojana calculator are as follows:

Convenient and Easy:

Web-based, accessible from any device.
Error-Free:

Handles complex compound interest calculations automatically.
Quick Results:

Instant maturity estimates for different scenarios.
Financial Planning:

Helps you plan your daughter’s education and marriage.
Up-to-Date:

Reflects current interest rates for accurate planning

Tax Benefits Under the SSY Scheme

One of the significant advantages of the Sukanya Samriddhi Yojana is its tax efficiency:

Tax Deduction under Section 80C:

Deposits up to ₹1.5 lakh per annum are eligible for deduction under Section 80C of the Income Tax Act, 1961.
Tax-Free Interest and Maturity:

The interest earned and the maturity amount are fully exempt from tax, making SSY an EEE (Exempt-Exempt-Exempt) investment.

Example:

Suppose you invest ₹1.5 lakh per year in Sukanya Samriddhi Yojana Scheme:

Annual Investment:

₹1,50,000
Tax Deduction:

You can claim up to ₹1,50,000 under Section 80C each financial year.
Tax Saved (assuming 30% tax slab):

₹1,50,000×30%=₹45,000 per year
Interest and Maturity:

Both are tax-free, so you do not pay any tax on the returns or the final amount received on maturity.

FAQs

Why use Policybazaar's SSY Calculator?

Policybazaar’s SSY Calculator helps you easily estimate the maturity amount of your Sukanya Samriddhi Yojana account based on current interest rates, yearly deposits, and investment duration. It simplifies complex calculations to help you effectively plan your finances for your daughter’s future needs.
What is Sukanya Rs. 10,000 per month?

This means depositing Rs. 10,000 every month into the SSY account. Over the 15-year deposit period plus 6-year lock-in, this can grow to a significant corpus (potentially around Rs. 1 crore) with compounded interest at 8.2%.
How is Sukanya Samriddhi Yojana calculated by the post office?

The Post Office SSY calculator applies the government-set interest rate to annual or monthly contributions over the 21-year tenure. It sums deposits and compounded interest each year to estimate the maturity amount.
What is Sukanya Samriddhi Yojana 1500 per month post office?

Investing Rs. 1,500 monthly (Rs. 18,000 yearly) in SSY for 15 years can yield a maturity corpus of around Rs. 10-11 lakhs after 21 years, including compounded interest.
What is Sukanya 1000 per month?

It refers to monthly contributions of Rs. 1,000 in the SSY account. Such deposits over 15 years with 8.2% interest can mature to about Rs. 5.4 lakhs after 21 years.
What is SSY 5000 per month?

Investing Rs. 5,000 monthly (Rs. 60,000 annually) is a higher contribution level to build a larger corpus for the girl child. The maturity amount and interest earned can be calculated using the SSY calculator for this input.
How does the Policybazaar SSY Calculator calculate the maturity amount?

It calculates maturity by compounding the annual deposits with the current SSY interest rate (compounded yearly) over the investment period of typically 21 years. It adds up all deposits and interest accrued each year to provide the total maturity amount you can expect at the end of the scheme.
What is the deposit 2000 per month in Sukanya Samriddhi Yojana?

Depositing Rs. 2,000 monthly results in a maturity amount close to Rs. 10.78 lakhs after 21 years at 8.2% interest, assuming consistent monthly deposits for 15 years followed by a 6-year lock-in period.
What is the deposit for SSY after 15 years?

You can only deposit into the SSY account for 15 years from the account opening date. After 15 years, no further deposits are allowed, but the balance continues to earn interest until maturity at 21 years.
How much money will I get after 21 years of Sukanya Samriddhi Yojana?

Maturity depends on your total annual deposits and interest. For example, investing Rs. 50,000 annually for 15 years at 8.2% yields about Rs. 23.94 lakhs. Investing the maximum Rs. 1.5 lakh annually can grow to around Rs. 69.28 lakhs or more after 21 years.
How does the Policybazaar SSY Calculator help me?

The calculator shows you the expected maturity amount, total principal invested, and interest earned over the years. It allows you to adjust inputs like annual investment and tenure so you can visualize different saving scenarios and set realistic financial goals for education or marriage.

˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
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