Sukanya Samriddhi Yojana Calculator

Latest SSY Interest Rate = 7.6%

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

Sukanya Samriddhi Yojana (SSY) was launched in 2015 by the government of Indian as part of the ‘Beti Bachao, Beti Padhao’ Campaign. Under this scheme, a girl’s guardian can open a savings account in her name with an authorized Indian post office branch or a commercial bank. It makes a perfect savings scheme that parents can buy to give wings to their girl child. Moreover, they can avail tax benefits on the principal amount, the maturity proceeds and the interest earned. And with the help of a Sukanya Samriddhi Yojana calculator, it is easier to calculate the returns on the invested amount as per the tenure. Let’s delve in to the details of the SSY online calculator: 

Key Features of SSY Calculator

Below are some of the features of Sukanya Samriddhi Yojana calculator including pre-requisites to perform the calculation and the ease it offers:

  • Enter the age of the girl child  
  • Provide the amount of contribution made ( the minimum contribution amount is Rs. 250) and the maximum amount of contribution is Rs. 1.5 lakh during a financial year  
  • As of 1st July 2019, the rate of interest offered by Sukanya Samriddhi Yojana scheme is 8.5%
  • With the help of the calculator, the parents can easily get an estimate of the returns for the entire investment duration. The maturity duration of the scheme is 21 years. 

Eligibility Criteria to use the Sukanya Samriddhi Yojana Calculator

All the individuals who want to invest in the Sukanya Samriddhi Yojana scheme can check the maturity amount that they will receive by using the Sukanya Samriddhi Yojana Calculator. There is a certain eligibility criterion that an individual needs to meet in order to use the SSY calculator or to open the Sukanya Samriddhi Yojana Account:

  • A maximum of two girls can be insured from a single family
  • The account holder girl should be a resident of India
  • The age of the girl child should not be more than 10 years
  • The partial withdrawal facility is only available after the insured girl attains 18 years of age
  • The amount deposited should be for a minimum duration of 15 years from the date of opening
  • The interest is decided by the Government of India and is subjected to changes

Benefits of using Sukanya Samriddhi Yojana Calculator

The Sukanya Samriddhi calculator can be used to evaluate the total savings and maturity amount at the end of the policy term:

  • It makes it convenient  to evaluate the amount that gets credited after maturity
  • Eliminates the possible mistakes during manual calculations
  • Helps to find out the maturity value according to both monthly and yearly contributions

How to Calculate Returns on Sukanya Samriddhi Yojana?

Currently, the interest rate of the Sukanya Samriddhi Yojana is 8.5% annually. The interest rate is governed by the Ministry of Finance. The scheme requires an individual to make a minimum of one contribution in a financial year until completion of 14 years. The calculation of the final amount is done on the basis of your net invested amount plus the interest earned.

The Sukanya Yojana calculator uses the following formula to generate results:

Compound interest = Principal amount (1 + Rate of interest / Number of times interest compounds in a year) * Number of years 

What Does the Sukanya Samriddhi Yojana Calculator Show Online?

The Sukanya Samriddhi Yojana Online Calculator assesses the information provided by an individual. Based on the information, the calculator showcases the maturity value, break-up of the amount that can be invested in monthly schemes, the interest rate as per the maturity value. 

Calculation of Maturity Value under Sukanya Samriddhi Yojana after 21 Years

It can be difficult to calculate the maturity amount manually with so many variables involved in the calculation. However, we have taken constant variable values like the interest rate and the invested amount to calculation the maturity value, they are:

  • Yearly contributions here are assumed to be Rs. 6500 to be deposited on April 01 of every financial year
  • The Interest rate is assumed to be 8.4% for a deposit period of 15 years and a maturity period of 21 years
  • A fixed amount of yearly contributions ( no withdrawals) are made in the below table 

Sukanya Samriddhi Yojana Calculation Table 1

Here Rs. 6500 is invested one time in a year for 15 years.

Financial Year Amount Deposited Once Every Year (Rs.) Interest Earned(Rs.) Year End Balanced(Rs.)
1 6500 494.04 6994.00
2 6500 1025.52 14520.00
3 6500 1597.56 22618.00
4 6500 2212.92 31331.00
5 6500 2875.20 40706.00
6 6500 3587.64 50794.00
7 6500 4354.32 61648.00
8 6500 5179.20 73327.00
9 6500 6066.84 85894.00
10 6500 7021.92 99416.00
11 6500 8049.60 113966.00
12 6500 9155.40 129621.00
13 6500 10345.20 146466.00
14 6500 11625.36 164591.00
15 6500 13002.96 184094.00
16 0 13991.16 198085.00
17 0 15054.48 213139.00
18 0 16198.56 229338.00
19 0 17429.64 246768.00
20 0 18754.32 265522.00
21 0 20179.68 285702.00

*The able table is based on assumptions and is for reference purposes only. The amount is deposited one time annually

Sukanya Samriddhi Yojana Calculation Table 2

Here Rs. 10,500 is invested twice in a year for 15 years:

Financial Year Amount Deposited (10500+10500) (Rs.) Interest Earned(Rs.) Year End Balanced(Rs.)
1 21000 1197.00 22197.00
2 21000 2883.96 46081.00
3 21000 4699.20 71780.00
4 21000 6652.32 99432.00
5 21000 8753.88 129186.00
6 21000 11015.16 161201.00
7 21000 13448.28 195649.00
8 21000 16066.32 232715.00
9 21000 18883.32 272598.00
10 21000 21914.40 315512.00
11 21000 25175.88 361688.00
12 21000 28685.28 411373.00
13 21000 32461.32 464834.00
14 21000 36524.40 522358.00
15 21000 40896.24 584254.00
16 0 45201.36 629455.00
17 0 48606.24 677263.00
18 0 52240.80 728737.00
19 0 56152.74 784121.00
20 0 60361.98 843714.00
21 0 64891.02 907836.00

*The able table is based on assumptions and is for reference purposes only. The amount is deposited twice annually

The same way anyone can invest in a safe and secured future of their girl child. And with the help of the Sukanya Samriddhi Yojana Calculator (SSY Calculator), one can easily evaluate the returns and the maturity value.

Who can Use SSY Calculator?

Moreover, the legal guardian of the girl child will also have to submit the required documents to be able to make deposits. These documents are:

  • Birth certificate of girl child.
  • Thoroughly filled application form of the scheme which includes basic personal details of the applicant and girl child for which the account is being opened.
  • Medical certificate in case of birth of two or more children under a single birth order.
  • Identification document’s of depositor as well as valid identity proof.
  • Any additional documents, if requested by the concerned  authority.

The subscribers who meet the above mentioned requirements and have the required documents are eligible for the scheme and can use the Sukanya Samriddhi Yojana Calculator.

How to Use Sukanya Samriddhi Calculator?

If the subscriber completes the eligibility criteria of the SSY scheme, he/she will have to mention the age of the girl child and the amount of investment that they want to make. Based on the amount entered by the subscriber the calculator will compute the estimated amount that they will receive upon maturity of the scheme. To use the SSY calculator, the subscriber will need to enter the following details:

  • Investment per year- Under this option the investor will have to enter the amount of investment they want to deposit into the scheme.
  • Age of Girl Child- Under this option the investor will have to enter the age of the girl child for which he/she wants to open the account.
  • Start Year- starting year of investment.

Once you enter all these details the SSY calculator will show the following results:

  • Maturity year- Year when the scheme will mature. The Sukanya Samriddhi Yojana matures in 21 years.
  • Maturity Amount- the accumulated maturity value the girl child will receive at the time of maturity of the scheme.

The current interest rate fixed by the government for SSY scheme is 7.6% from April 2020 compounded annually.

Let’s see an example to understand how to use Sukanya Samriddhi Calculator.

Mr. Kailash plans to invest for his daughter in Sukanya Samriddhi Yojana an amount of Rs.5000 per annum. when he started the investment the child was few months old.  Keeping the current interest rate of 7.6.% in mind, Mr. Kailash wants to compute the maturity amount his girl child will receive at the time of maturity of policy. The maturity amount for him would be Rs. 21,14,196 and the year of maturity will be 2041. For an investment of Rs.7,00,000 the interest earned will be Rs.14,14, 196.

How the Calculator Works?

Pradhan Mantri Sukanya Samriddhi Yojana Calculator uses the following formula to generate the result:-

A= P(1+r/n)^nt


A= Compound Interest

P= Principal Amount

r= Rate of Interest

n= Number of interest compounded in a year

t= number of years

The subscriber just needs to enter the investment amount they want to invest in a year, the age of the girl child, and the investment initiation year. The calculator will automatically display the approximate maturity amount and year.

How Sukanya Samriddhi Yojana Calculator is Helpful?

Sukanya Samriddhi Yojana is a great investment option for parents who want to secure the financial future of their girl child. Moreover, the benefits offered by this scheme can be used to fulfill the major milestones of the girl child life like for her higher education, marriage, etc. As mentioned above there are many perks of investing in SSY as it not only offers a high-interest rate but also offers tax benefits to the investors in EEE format i.e. exempt, exempt, exempt.

Sukanya Samriddhi Yojana calculator is a great tool to estimate the maturity amount you will receive at the end of the tenure of the scheme. As manual computation can difficult and prone to error, the SSY calculator comes in handy. Based on the estimated maturity amount, the investors can decide how much regular contribution they should make to reach the desired amount. The calculator can be used online without any applicable charges and it generates an error-free result for multiple repetitions. As a long-term option of investment, the Sukanya Samriddhi Yojana offers a higher return on investment to the investors. The subscribers just need to make a minimum yearly contribution towards the scheme to keep the account active.

Thus, the Sukanya Samriddhi Yojana calculator is a very helpful tool, which helps the investors to have an overall assessment of their investments and return. It shows the year of maturity for the account and also the amount the investor will receive on the maturity of the scheme. Moreover, with the Sukanya Samriddhi Yojana Calculator, an individual can plan their investment portfolio more efficiently.


  • Q: What are the eligibility criteria for the Sukanya Samriddhi Yojana Account?

    Ans: The parents of the girl child can open the Sukanya Samriddhi Yojana account on behalf of the girl child right from the day the child is born and before she reaches 10 years of age.
  • Q: What is the minimum contribution amount needed to open the SSY account?

    Ans: Any parent of a girl child can open the SSY account with a minimum contribution of Rs.250. Moreover, the subscriber can invest up to a maximum of Rs.1.5 lakh in a financial year.
  • Q: What happens if I fail to make any deposition in the account?

    Ans: In case, you fail to make any deposit in the account then the account will be rendered inactive. However, the subscriber can revive the SSY account by paying a penalty charge of RS.50.
  • Q: Does the SSY account allow premature withdrawals?

    Ans: Premature withdrawal is applicable once the girl child reaches the age of 18 years. The girl child can withdraw 50% of the accumulated amount for the purpose of higher education once she reaches the age of 18 years.
  • Q: What is the SSY maturity period?

    Ans: The SSY account offers a maturity period of 21 years. However, the deposition period for the scheme is of 14 years. The amount deposited till 14 years earns interest between 14th -21 years. It is important to note that once the girl child reaches 21 years of age or gets married after 18 years of age, the account is terminated.
  • Q: How many accounts 1 can create under SSY?

    Ans: For a single girl child, only one Sukanya Samriddhi Yojana account is permitted. The number of accounts the parents can create is limited to two for each girl child. Exceptions are allowed in case of triplets or twins.
  • Q: Does Sukanya Samriddhi Yojana offer any tax benefit?

    Ans: The Sukanya Samriddhi Yojana offers tax benefits in the EEE format (exempt, exempt, exempt).  This means that the contribution made towards the scheme up to a maximum limit of Rs.1.5 lakh in a financial year is tax exempted U/S 80C of the Income Tax Act. Moreover, the interest earned on the invested amount, and the maturity proceeds are tax-free.

Disclaimer: “Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

Written By: PolicyBazaar - Updated: 26 February 2021
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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