Sukanya Samriddhi Yojana Calculator

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.

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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

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.

SSY Account Basic Information

Maturity Period

21 years

Interest Rate FY 2021-2022

7.6% p.a.

Maturity Amount

Depends on the investment 

Minimum Deposit

₹ 250 p.a.

Maximum Deposit

₹ 1.5 lakh p.a.

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.

Withdrawal Rules Of Sukanya Samriddhi Yojana Account

  • At the time of maturity: The insured girl can withdraw the entire amount available in the SSY account at the time of maturity. The amount will include the interest. To withdraw the entire amount, she is required to submit an application form, ID proof, address proof, citizenship documents.
  • When the girl child is 18 years old: In case the girl wishes to go for higher education, she either has to be 18 years old or she should have completed 10th grade to be able to withdraw money from the SSY account. She is supposed to submit the necessary documents such as admission to the university or college, fee receipt, etc. as proof of her admission to withdraw the money for educational purposes.
  • Maximum limit during the tenure: She can withdraw a maximum of up to 50% of the amount available in the previous year. SSY account scheme offers 2 withdrawal options - First option, Lump-sum amount. Second option, 5 instalments.

Rules For Premature Withdrawal From SSY Account

  • If the insured girl turns 18 years old she is allowed to make SSY premature withdrawal. She can use the amount to get married. However, to withdraw the amount from the SSY account she is required to submit an application at least 3 months before the marriage. Also, she must submit the document to prove she has turned 18.  
  • Any change in status of the citizenship of the girl must be informed to the bank or the post office branch within 1 month of the change in status. Either she becomes a non-citizen or non-resident, the account will be deemed as closed because the scheme is only for the Indian citizen.
  • In the case of the sudden demise of the girl child, the legal guardian is allowed to withdraw the available balance from the SSY account. For this, they are required to submit the death certificate of the girl child.
  • If the post office or the bank feels that the continuous operation of the SSY account is leading to some difficulties towards the girl child, the legal guardian or the girl child can choose the premature closure of the account. In this case, the account must be open for at least 5 years.
  • The premature closure of the account is allowed for several other legit reasons; however, the interest earned will be calculated as per the same rate offered by post offices.

Benefits of Sukanaya Samriddhi Yojana Account

  • Affordable Deposits:To save up for the future of your girl child you don't have to make a hole in your pocket or cut down on necessity. The SSY account requires only ₹250 p.a. as a minimum deposit and the maximum deposit limit can be up to ₹1.5 lakh p.a. The affordable deposits rule makes the SSY a preferable savings scheme for individuals.
  • Coverage of Educational Expenses:You can use the 50% amount from the available balance of the SSY account (During the SSY account tenure) to meet the educational expenses of the girl child. 
  • Tax Benefits:According to section 80C of the Income Tax Act 1961, you can avail tax benefit on the deposit of up to ₹1.5 lakh per year. Also, the interest earned and the maturity amount are exempt from tax.
  • Interest Rates:The government is offering attractive interest rate on the SSY savings scheme which can give you good returns at maturity. The current interest rate on the SSY account is 7.6%.

What Documents Are Required For Opening An SSY Account?

  • You are required to fill up the opening form for the SSY account at either any Indian post office branch or any authorized commercial bank.
  • The Birth certificate of the girl child is required.
  • The Identity proof of the depositor, as well as the girl child, is required.
  • The address proof of the depositor is required.
  • In the case of twins or triplets, a medical certificate is required.
  • In case the bank or post office asks for any other documents you shall submit those as well.

How To Check The SSY Accounts' Balance?

  • Request your post office branch or bank to provide you with your SSY account's login credentials. 
  • Use your log-in credentials and log in to the bank's net banking portal. 
  • Visit the homepage and navigate to view balance.
  • Once you have opened the dashboard you can view the balance.
  • You cannot make any transactions from this portal, you can only check your SSY accounts' balance as and when you require.


  • 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 maximum amount that I can deposit in a year?

    Ans: ₹1.5 lakh p.a. is the maximum deposit limit for Sukanaya Samriddhi Yojana Account.
  • Q: Can an SSY account be closed before maturity?

    Ans: Yes. You are allowed to close the SSY account before the maturity date either in case of the accountholder's sudden demise or for the treatment of severe diseases. The central government will authorize the sanction requested by you.
  • 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.
  • Q: What is the current SSY Account Interest Rate?

    Ans: For the financial year 2021-22, the SSY interest rate is 7.6% p.a.
  • Q: How can I get money after the SSY maturity period?

    Ans: Upon the expiry of the maturity period, you can withdraw the entire amount directly from the SSY account. However, you are required to provide a few documents such as application for withdrawal and account closure, ID proof, address proof, certificate of citizenship.
  • Q: Is Sukanya Samriddhi Yojana similar to the Public Provident Fund?

    Ans: Public provident fund and Sukanya Samriddhi Yojana, both are government investment schemes designed in a way to provide citizens a tool to make long-term investments. Both the schemes do carry some similarities in terms of interest rates, tenure, government-operated and managed, etc. However, the goal of both the schemes is slightly different. Sukanya Samriddhi Yojana scheme is introduced by the government with the sole of running the Beti Bachao Beti Padhao Campaign. In simple words, it was introduced to secure the future of the girl child only.

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

Written By: PolicyBazaar - Updated: 29 July 2021

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