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Sukanya Samriddhi Yojana (SSY)
Allahabad Bank Sukanya Samriddhi Yojana Calculator
The Sukanya Samriddhi Yojana scheme is a government -backed scheme designed for girl children. The Allahabad Bank Sukanya Samriddhi Yojana Calculator is a free online tool which helps estimate the growth of your investment in the scheme.
Current interest rate
8.2%
Highest among all small savings schemes
Tax Benefit
₹1.5L
Annual deduction under Section 123 (formerly 80C)
Maturity At
21yrs
Or on her marriage after age 18
Flexible contribution
Start with ₹250 and invest up to ₹1.5L per year.
Sovereign guarantee
Backed by Government of India - zero default risk.
Triple tax benefit
EEE status - exempt on deposit, interest & maturity.
Partial withdrawal
Withdraw up to 50% after age 18 for higher education.
In-Built life cover
One Step Toward Your Daughter's Future
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Home
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Life Insurance
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Child Plans
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Sukanya Samriddhi Yojana (SSY)
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Allahabad Bank Sukanya Samriddhi Yojana
- Allahabad Bank Sukanya Samriddhi Yojana Calculator
Sukanya Samriddhi Yojana Calculator
Latest SSY interest rates: 8.20%
You can invest a maximum amount up to ₹1,50,000
Yearly
- ₹250
- ₹1,50,000
Govt. allows maximum age of enrollment to 10 years
Years
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Investment term is 21 years
Year
Total investment
₹1.5 Lakh
Total interest
₹3.3 Lakh
Maturity year
2047
Maturity value
₹4.8 Lakh
*for market linked plans only
How Does The Allahabad Bank Sukanya Samriddhi Yojana Calculator Work?
The Allahabad Bank SSY Calculator uses the Compound Interest formula to calculate the estimated maturity corpus on your investments. The tool factors a user’s details, such as annual investment amount and investment period, and auto-applies the current SSY interest rate to give the required output. Here is the formula used by the SSY calculator to calculate the estimated maturity corpus:
A = P(1 + r/n)^(nt)
Where variables are defined as:
| Variables | Term |
| P | Principal amount |
| n | Number of times the interest compounds in a year |
| A | Amount at maturity |
| r | Rate of return |
| t | Time (number of years) |
How to Use The Allahabad Bank Sukanya Samriddhi Yojana Calculator?
It is important to note that Allahabad Bank does not offer a calculator for the Sukanya Samriddhi Yojana scheme. Instead, you can use Policybazaar’s SSY calculator to estimate the growth of your investment under the scheme.
- Step 1: Go to Policybazaar’s SSY calculator on the page above
- Step 2: Enter your investment-related details like:
- Annual amount you want to contribute
- Your daughter’s age
- The year in which you want to start investing
- Step 3: The SSY interest rate is pre-filled in the calculator
- Step 4: The calculator shows the following results:
- The projected maturity value for your deposits
- Total investment and maturity year.
Allahabad Bank Sukanya Samriddhi Yojana Calculation Examples
You can compare different contributions in the SSY scheme with the help of Policybazaar’s Allahabad Bank Sukanya Samriddhi Yojana calculator and plan your investment accordingly. A table showing maturity value, total investment amount and interest earned corresponding to different annual contributions is given in the table below:
| Annual Investment | Total Invested | Maturity Value | Interest Earned |
| ₹5,000 | ₹75,000 | ₹2,39,400 | ₹1,64,400 |
| ₹12,000 | ₹1,80,000 | ₹5,74,600 | ₹3,94,600 |
| ₹25,000 | ₹3,75,000 | ₹11,97,000 | ₹8,22,000 |
| ₹50,000 | ₹7,50,000 | ₹23,94,000 | ₹16,44,000 |
| ₹1,00,000 | ₹15,00,000 | ₹47,88,000 | ₹32,88,000 |
| ₹1,50,000 | ₹22,50,000 | ₹71,82,000 | ₹49,32,000 |
Invest More Get More
Invest ₹10K/Month YOU GET ₹1 Crores* For Your Child
Invest ₹8K/Month YOU GET ₹80 Lakhs* For Your Child
Invest ₹5K/Month YOU GET ₹50 Lakhs* For Your Child
Standard T&C Apply *
Benefits of Policybazaar’s Allahabad Bank Sukanya Samriddhi Yojana Calculator
Here are some benefits of using Policybazaar’s Allahabad Bank SSY calculator:
- The SSY calculator eliminates the need for manual calculations and reduces the chances of errors.
- You can test different annual contribution scenarios in the SSY scheme and decide which one aligns best with your financial goals.
- Since SSY interest rates are updated from time to time, using an SSY calculator frees you from tracking the interest rate changes, as the tool applies the current rate automatically.
- The tool is easily accessible online and free to use.
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 Samriddhi Yojana
Kotak Bank Sukanya Samriddhi Account
Andhra Bank Sukanya Samriddhi Account
UCO Bank Sukanya Samriddhi Yojana
IDBI 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
FAQs
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What is the minimum deposit I can enter in the Allahabad Bank Sukanya Samriddhi Yojana calculator?
Policybazaar’s Allahabad Bank SSY calculator allows you to enter a minimum annual deposit of ₹250 to calculate the projections. The restriction applies because the SSY scheme requires a minimum deposit of ₹250 in a financial year. -
Does the Allahabad Bank Sukanya Samriddhi Yojana Calculator show accurate results?
Yes, the Allahabad Bank SSY calculator shows accurate results because it uses a predefined formula and is updated in a timely manner to account for changes in SSY interest rates. -
Do I need to enter the interest rate in the Allahabad Bank SSY calculator?
No, you don’t need to enter the current SSY interest rate in the SSY calculator. The tool automatically applies the current SSY interest rate while calculating your estimated maturity corpus.
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˜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.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^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.