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Sukanya Samriddhi Yojana (SSY)
Bank of Maharashtra- Sukanya Yojana Calculator
The Sukanya Samriddhi Yojana (SSY) is a government-backed savings plan that aims to promote the welfare of girl children by encouraging parents to save for their education and marriage. The Bank of Maharashtra - Sukanya Yojana Calculator is a helpful tool that allows parents to estimate the maturity amount based on their contributions to the scheme.
Current interest rate
8.2%
Highest among all small savings schemes
Tax Benefit
₹1.5L
Annual deduction under Section 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.
See what she'll receive
Adjust the investment to see her projected corpus
- ₹250
- ₹1,50,000
Yrs
- Newborn
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10 Yrs
Yrs
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Sukanya Samriddhi Yojana
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Bank of Maharashtra Sukanya Samriddhi Yojana
- Bank of Maharashtra- Sukanya Yojana Calculator
What is the Bank of Maharashtra- Sukanya Yojana Calculator?
The Bank of Maharashtra - Sukanya Yojana Calculator is an online tool designed to help users calculate the potential returns on their investments in the Sukanya Samriddhi Yojana. By inputting specific details such as the annual deposit amount and the age of the girl child, users can receive an estimate of the maturity amount, total interest earned, and other relevant financial details.
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 to Use Bank of Maharashtra- Sukanya Samriddhi Yojana Calculator from Policybazaar?
Using the Bank of Maharashtra - Sukanya Samriddhi Yojana (SSY) Calculator on Policybazaar is straightforward and can help you estimate how much money you will have when the investment matures. Here is a simple guide to get you started:
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Access the Calculator: Go to the Sukanya Samriddhi Yojana Calculator available on this page.
- Enter Your Information:
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Yearly Investment Amount: Input how much money you plan to invest each year.
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Girl Child’s Age: Specify the current age of your daughter.
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Starting Year: Choose the year when you intend to start investing.
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Interest Rate: The calculator automatically fills in the current interest rate, which is 8.2% for 2026.
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Calculate: The calculator will show you the following details:
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Total Investment
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Maturity Year
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Total Interest
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Total Maturity Amount
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Example of Sukanya Samriddhi Yojana Calculator- Bank of Maharashtra
To illustrate how this works, let us say you want to calculate the maturity amount with these details:
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Yearly Deposit: ₹1,00,000
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Girl’s Age: 5 years
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Starting Year of Investment: 2026
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Interest Rate: 8.2%
Based on these inputs, the Bank of Maharashtra Sukanya Samriddhi Yojana Calculator by Policybazaar will show you the following results:
| Detail | Amount |
| Total Investment | ₹15,00,000 |
| Total Interest Earned | ₹32,88,057 |
| Maturity Year | 2045 |
| Maturity Value | ₹47,88,057 |
Overview of Bank of Maharashtra- Sukanya Samriddhi Yojana (SSY)
The Sukanya Samriddhi Yojana through the Bank of Maharashtra, is designed specifically for the benefit of girl children. It offers attractive interest rates and tax benefits under Section 80C of the Income Tax Act. Parents can open an SSY account with authorized banks or India Post branches. The scheme requires a minimum annual deposit and continues until the girl child reaches 21 years or gets married after turning 18.
Who Can Use the SSY Calculator- Bank of Maharashtra in 2026?
The Bank of Maharashtra- SSY calculator can be used by:
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Parents or legal guardians of girl children.
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Individuals looking to plan for their daughter’s education or marriage expenses.
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Anyone interested in understanding how much they can earn through this investment scheme.
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 *
How Can the Bank of Maharashtra- SSY Calculator Help You?
The SSY calculator for Bank of Maharashtra helps users by:
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Providing accurate estimates for future savings.
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Allowing adjustments in contributions based on desired maturity amounts.
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Simplifying complex calculations related to compound interest.
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
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
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
Sukanya Samriddhi Yojana Calculator – Punjab National Bank
Expand
What are the Benefits of Using a Bank of Maharashtra Sukanya Samriddhi Yojana Calculator by Policybazaar?
Using the SSY calculator- Bank of Maharashtra offers several benefits:
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Easy Calculation: Provides quick and accurate results without manual calculations.
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Goal-Oriented Planning: Helps parents set realistic savings goals for their daughters' futures.
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Error-Free Output: Reduces chances of errors associated with manual calculations.
Conclusion
The Bank of Maharashtra - Sukanya Yojana Calculator by Policybazaar is an essential tool for parents planning for their daughters' financial futures. By providing valuable insights into potential returns on investments, it enables families to make informed decisions about saving for education and marriage expenses. Utilizing this calculator can help ensure that parents are well-prepared to support their daughters as they grow into adulthood.
FAQs
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What is the Bank of Maharashtra Sukanya Yojana Calculator?
The Sukanya Yojana Calculator for the Bank of Maharashtra is an online tool that helps you estimate the maturity amount and interest earned on your investments in the Sukanya Samriddhi Yojana. -
How do I use the Bank of Maharashtra SSY calculator?
To use the SSY calculator Bank of Maharashtra, enter your yearly deposit amount, the age of your daughter, and the starting year of your investment. Then click Calculate to see your results. -
What information do I need to provide?
You need to provide the amount you plan to invest each year, your daughters current age, and the year you want to start investing. -
What is the current interest rate for the Bank of Maharashtra Sukanya Samriddhi Yojana?
As of 2026, the interest rate for the Sukanya Samriddhi Yojana through the Bank of Maharashtra is 8.2% per annum. -
What is the minimum and maximum investment allowed?
The minimum annual deposit is ₹250, while the maximum amount you can invest in a financial year is ₹1.5 lakh. -
How long do I need to invest in this scheme?
You need to make contributions for a minimum of 15 years, and the account matures when your daughter turns 21 years old. -
Can I open more than one account under this scheme?
Yes, you can open two Sukanya Samriddhi Yojana accounts if you have two daughters, both under the age of 10.
Investment
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*Standard T & C Apply
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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.