Sukanya Samriddhi Yojana Calculator

The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme that aims to create a fund to financially secure the future of your girl child. The scheme offers an attractive interest rate of 8.2% p.a. in 2024. The SSY scheme was launched in 2015 by the Government of India under its "Beti Bachao Beti Padhao" initiative. This scheme allows parents and guardians to open a savings account to plan the future expenses of their daughter, like education and marriage expenses and also earn various tax benefits. Utilize the Sukanya Samriddhi Yojana Calculator to predict how much your investments in the Sukanya Samriddhi Scheme will grow by maturity.

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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
Explore Tax Saving Funds

What is Sukanya Samriddhi Yojana Calculator?

The Sukanya Samriddhi Yojana Calculator (SSY Calculator) assists you in estimating the maturity amount by taking the annual invested amount as input and 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:

This online Sukanya Samriddhi Yojana calculator is freely available, convenient and generates error-free results for different amounts of investment. 

Let’s understand this with the help of an example: 

The Sukanya Samriddhi Yojana helps you to invest for a minimum of 15 years, and the returns generated from this scheme are deposited into your girl child's account yearly. The child has the option to withdraw the full amount when she turns 21 or gets married. 

So, if your investments in the SSY scheme are as follows:

  • Annual Amount of Investment = Rs. 1 Lakh

  • Your Maturity Period = 21 years

  • Current SSY Interest Rate = 8.2% p.a.

Then, the Maturity Amount = Rs. 47.88 Lakhs

Thus, the Sukanya Samriddhi Yojana calculator can help you get an idea about this maturity amount.

Who Can Use the SSY Calculator 2023?

The following eligibility criteria should be met to open a Sukanya Samriddhi Yojana Account and reap the benefits of Sukanya calculators:

  • Sukanya Samridhi scheme accounts can only be opened by the name of the girl by a parent or legal guardian. 

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

  • In the case of 2 girls in one family, they are allowed to open a maximum of 2 accounts.

  • If the second girl child is a twin, the parents can open a third account. 

  • The girl child's age must not be more than 10 years old at the time of opening the account.

  • A girl child can start operating her SSY account after she turns 18 years old.

  • You should contribute a minimum of Rs. 250 to up to Rs. 1.5 lakhs annually for 15 years to keep the account active.

  • You should be able to submit the following documents to join the SSY Scheme:

    • Application form of Sukanya Samriddhi Yojana

    • Birth certificate of the girl child

    • Passport-size Photographs

    • Address Proof (Bank Passbook, Utility Bills, Rental Agreement)

    • ID Proof (PAN Card, Driving License, Voter ID Card, Passport)

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How Sukanya Samriddhi Yojana Calculator Can Help You? 

Let us understand the benefits of a Sukanya Samriddhi Yojana online calculator from the list mentioned below:

  • It can help you estimate your SSY maturity amount: The Sukanya Samriddhi Calculator uses the latest SSY interest rates to calculate the maturity amount. This ensures that you get an accurate estimate of the amount of money you will have at the end of the investment period.

  • It can help you plan your investments: The SSY is a long-term investment, so it is important to plan how much you are going to invest each year. The Sukanya Samriddhi Yojana Calculator can help you figure out how much you need to save each year to reach your desired maturity amount.

  • It can help you track the growth of your investment: The Sukanya calculator can show you how your investment is growing over time. This can help you stay motivated and on track with your savings goals.

  • It can help you compare different investment options: If you are considering other investment options for your daughter, the Sukanya Samriddhi Calculator can help you compare the returns of the SSY to other options. This can help you make the best decision for your daughter's future.

  • It is free to use: The Sukanya Samriddhi Yojana calculator online is available to you at zero cost. This means that you can use them to plan your investments without having to pay any fees.

How to Use Sukanya Samriddhi Yojana Calculator from Policybazaar?

Calculating the maturity returns manually is a tedious task. To make your calculations fast, easy, and efficient, use the Policybazaar Sukanya Samriddhi Yojana 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.

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

How Does Sukanya Samriddhi Yojana Calculator Work?

The Sukanya Samridhi Yojana Calculator works on the below details: 

  • The investor is allowed to deposit a maximum of Rs. 1.5 lakhs each year 

  • The current rate of interest for January to March 2024 is 8.2%. 

  • Deposits on a monthly basis are made on the 1st of every month, and the yearly deposits are made on the 1st of April every year.

  • Premature withdrawal from an SSA account is not allowed unless in the condition of education and marriage expenses after the age of 18 years. 

  • The SSA account deposits remain invested till the marriage of a girl child after 18 years of age or else till the maturity period of 21 years.

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 the SSY calculator, you just need to enter the investment amount they want to invest in a year, the age of the girl child, and the investment initiation year, and the calculator will show you the maturity amount within seconds.

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What are the Benefits of Using an SSY Calculator?

The key benefits of the Sukanya Samriddhi Yojana calculator are mentioned in the list below:

  • Accuracy: An SSY calculator can help you calculate the maturity amount of your SSY account accurately.

  • Planning: A Sukanya Samriddhi Yojana interest rate 2023 calculator can help you plan for the future of your daughter.

  • Peace of Mind: A Sukanya Yojana calculator can give you peace of mind, knowing that you are investing enough money each year.

  • Free to Use: The Sukanya calculator is free to use, which means that you can use it as many times as you want without having to pay any fees.

  • Easy to use: The Sukanya Samriddhi Yojana calculator is easy to use, even if you are not familiar with financial terms. All you need to do is enter the required information, and the calculator of Sukanya Samriddhi Yojana will do the rest.

Frequently Asked Questions

  • 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 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
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^^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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