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. 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 Sukanya Samriddhi Yojana 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

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


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= 2020 

  • Maturity Year: 2045

The Maturity Value= ₹71,82,101

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

Who Can Use the SSY Calculator 2024?

To use the Sukanya calculator, you must first be eligible for the Sukanya Samriddhi Yojana Scheme. Following is the eligibility criteria for the scheme:

  • A parent or legal guardian can only open accounts under the Sukanya Samriddhi scheme in the girl's name.

  • The girl child must be a resident of India until the maturity of her SSA account.

  • Families with 2 girls can open a maximum of 2 accounts under the scheme.

  • Parents can open a third account if the second girl child is a twin.

  • The girl child must be under 10 years old when the account is opened.

  • Operations of the SSY account begin when the girl child turns 18 years old.

  • Contributions ranging from ₹250 to ₹1.5 lakhs annually for 15 years are required to keep the account active.

After you have opened an account under this scheme, you can use the Sukanya Samriddhi Yojana calculator online. 

How Can Sukanya Samriddhi Yojana Calculator (SSY Calculator) Help You? 

Here's how a Sukanya Samriddhi Yojana calculator (SSY calculator or Sukanya calculator) can help you:

  • Estimate Your Maturity Amount: See how much your contributions to the Sukanya Samriddhi Yojana scheme will grow over time, including the earned interest.

  • Plan Your Investments: Use the Sukanya Samriddhi Yojana calculator to determine how much you need to invest on a regular basis to achieve your desired financial amount for your daughter's education or wedding.

  • Compare Different Scenarios: Test different investment amounts and frequencies using the SSY calculator to see how they impact the final maturity value.

  • Make Informed Decisions: With this information, you can make informed choices about your contributions to the SSY scheme and plan for your daughter's future.

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People also read: Sukanya Samriddhi Yojana Interest Rate 2024

How to Use Sukanya Samriddhi Yojana Calculator from Policybazaar?

To make your calculations fast, easy, and efficient, use the Policybazaar SSY calculator. 

Follow the three simple steps mentioned below to learn the use of the 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 on 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

People also read: Child Education Plan

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How Does Sukanya Samriddhi Yojana Calculator Work?

To know the working of the SSY calculator, you need to make sure you meet the following requirements and know the following details of the scheme: 

  • Maximum annual deposit: Rs. 1.5 lakhs.

  • Current interest rate (Jan-Mar 2024): 8.2%.

  • Monthly deposits: 1st of every month.

  • Yearly deposits: 1st of April annually.

  • Premature withdrawal only for education/marriage after 18.

  • Funds are invested till the girl child's marriage or maturity at 21.

The Sukanya calculator estimates returns based on the above-mentioned parameters.

The Pradhan Mantri SSY Calculator works on the basis of the following formula
A= P(1+r/n) ^ nt
Terms used in Pradhan Mantri SSY Calculator
Compound Interest
Principal Amount
Rate of Interest
Number of times interest is compounded in a year
Number of years

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.

What are the Benefits of Using an SSY Calculator?

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

  • Convenient and Easy to Use: The SSY calculator is a web-based tool, so you can access it from any device with an internet connection. They are very user-friendly and require minimal input.

  • Error-Free Calculations: SSY calculations involve compound interest, which can be complex if done manually. The calculator eliminates the risk of errors and ensures accurate results.

  • Quick Results: Sukanya calculator provides instant results, allowing you to explore different investment cases without lengthy calculations.

  • Financial Planning: By estimating the maturity value, you can assess how Sukanya Samriddhi Yojana can contribute to your daughter's future needs, like education or marriage.

  • Up-to-Date Information: Policybazaar’s Sukanya Samriddhi Yojana calculator is designed to use the existing interest rates, so you can be confident the results are based on current information.

Frequently Asked Questions

  • Is Sukanya Samriddhi better than PPF?

    Both options are good for establishing a long-term corpus. SSY has higher interest rates compared to PPF. When deciding between the two, it's important to note that only parents of girls under 10 years old can open an SSY account, whereas there are no such limitations for a PPF account.
  • Can an SSY account holder withdraw funds early?

    Yes, once the account holder (girl child)turns 18, she can make a premature withdrawal. She's allowed to withdraw 50% of the total amount specifically for higher education after reaching this age.
  • Is it possible to close an SSY account before maturity?

    Yes, an SSY account can be closed if the account holder passes away or for the treatment of life-threatening illnesses, subject to approval from the Central Government.
  • Can I deposit Rs. 10 lakhs in Sukanya Samriddhi?

    No, you cannot deposit 10 lakhs in Sukanya Samriddhi. The maximum amount that can be deposited in Sukanya Samriddhi in a financial year is 1.5 lakhs. If you deposit more than 1.5 lakhs in a financial year, your excess deposit will not be accepted in the account.
  • What is Rs. 65 lakh scheme for girl child?

    There is no such scheme as the Rs. 65 lakh scheme for girl child. However, there is a government-backed savings scheme called Sukanya Samriddhi Yojana (SSY) that can help you accumulate a corpus of up to Rs. 65 lakhs for your daughter's future.
    The SSY is a long-term savings scheme with a maturity period of 21 years. You can open an SSY account for your daughter in any post office or bank. The minimum amount that you can deposit in an SSY account is Rs. 250 and the maximum amount is Rs. 1.5 lakhs per year. The interest rate on the SSY is currently 8.2% per annum.
  • What is the Best Way to Use the Corpus from SSY Returns?

    The best way to use the corpus from Sukanya Samriddhi Yojana calculator returns depends on your individual circumstances and goals. However, some common options include:
    • Funding the girl child's higher education
    • Settling the girl child's marriage expenses
    • Starting a small business
    • Investing in a long-term financial plan
  • What documents are required to open an SSY account?

    • Application form
    • Birth certificate of the girl child
    • Identity proof of the depositor and girl child
    • Address proof of the depositor
    • For twins or triplets, a medical certificate is required.
  • What are the tax benefits under the Sukanya Samriddhi Scheme?

    Contributions made towards the scheme are eligible for deductions from taxable income under Section 80C up to a maximum of Rs. 1.5 lakh per financial year.
  • What are the eligibility criteria for the Sukanya Samriddhi Yojana Account?

    The parents of the girl child can open the Sukanya Samriddhi Yojana account (SSA) on behalf of the girl child right from the day the child is born and before she reaches 10 years of age.
  • What is Sukanya Samriddhi Yojana 1000 per month?

    The calculation of how much money you can earn by investing Rs. 1000 per month in SSY is as follows:
    • Interest rate: 8.2% per annum
    • Investment period: 21 years
    • Total Investment: Rs. 1,80,000
    • Total interest earned: Rs. 3,94,547
    • Maturity value: Rs. 5,74,547
  • What is Sukanya Samriddhi Yojana 12500 per month?

    Sukanya Samriddhi Calculator can help you estimate the total interest and maturity value for investing Rs. 12,500 per month in the following way:
    • Interest rate: 8.2% per annum
    • Investment period: 21 years
    • Total Investment: Rs. 22,50,000
    • Total interest earned: Rs. 49,32,101
    • Maturity value: Rs. 71,82,101
  • How is Sukanya Samriddhi calculated?

    To calculate the maturity value of your SSY account, you can use the following formula:
    Maturity value = Principal amount x (1 + interest rate)^number of years
    For example, if you invest Rs.1,00,000 per annum in an SSY account for 21 years, the maturity value of your account will be Rs.44,89,690.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
^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 lumpsum benefit is calculated if policyholder invested ₹10000 monthly for 10 years in the fund with a policy term of 20 years. This Point To Point past performance data of last 10 years has been used to illustrate a scenario for the customers benefit. It is assumed that the past 10 years returns would have also been delivered in last 20 years. This is not guaranteed and not in anyway indicative of what the customer may actually get 20 years from now. The investment is subject to market risk and the risk is borne by the policyholder.
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:-
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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