Sukanya Samriddhi Yojana (SSY) Calculator 2025

What is Sukanya Samriddhi Yojana (SSY)?

Sukanya Samriddhi Yojana (SSY) is a government backed scheme aimed at empowering the financial future of girl children in India. Launched as part of the “Beti Bachao, Beti Padhao” campaign, SSY allows parents or guardians to open account with an authorized commercial bank or Post office. The scheme offers an attractive interest rate of 8.20% and tax benefits upto 1.5 Lakhs from the amount contributed to SSY account as premium.

You can continue to deposit funds in your SSY account till 14 years from account creation. The maturity period is either 21 years from the date of opening or the time where the girl attains 18 years of age. The current interest rate for SSY savings is 8.2% p.a and the interest earned on this account is tax-free. Any deposit made above the maximum cap of Rs. 1.5 Lakh will not earn any interest and can be withdrawn anytime. The investor has to make a minimum contribution of Rs. 250 atleast per year for 15 years to keep the account activated. If you miss paying any year, you can revive the account by paying a penalty of Rs. 50. The SSY account can be transferred from any bank or post-office anywhere in India

Maturity period of SSY

The maturity period of SSY is 21 years from the account opening or your child’s marriage after attaining 18 years

Tax benefits

Get full deduction on principal investments invested up to ₹1.5 lakh per year under Section 80C of the Income Tax Act. Both interest and maturity amounts from SSY are tax-exempted

What are the requirements for SSY?

• Girl must be a legal Indian resident
• The girl should not have been more than 10 years of age at the time of opening
• Upto two accounts can be opened in a family of 2 girls. Exceptions are made for triplets

Documents required to enrol in SSY

• Duly filled application form that has the details of the guardian/parent and the girl child
• Birth certificate of the girl child
• Depositor’s identification number with address proof
• Additional supporting document as required by the enrolling authority

What is an SSY Calculator?

An SSY Calculator is an online tool that helps estimate the maturity amount along with the interest rate for the investment made in Sukanya Samriddhi Yojana. It eliminates the complexity associated with manual calculation and provides the result in a matter of seconds

How Does the SSY Calculator Work?

One of the basic requirements for enjoying the benefits of an SSY Account is that you have to atleast one contribution per financial year for minimum 15 years atleast.

• Enter the amount that you wish to invest every year
• Enter your daughter’s age at the time of beginning this plan
• Mention the investment start year
• Principally the scheme allows you to invest for 15 years. The returns from investment are redeposited into the SSY account
• The calculator will calculate the returns for a duration of 15 years and the interest rate of 8.2% by default

The formula for returns of SSY calculator are as given below:

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

Wherein A is compound interest, P is the principal amount, r is the rate of interest, n is the number of times the interest compounds in a year, and t is the tenure in years.

For instance, For instance, if the yearly investment amount is Rs 18000 for 15 years, then at the current interest rate of 8.2%, the maturity amount would be Rs. 8,34,639. the child can withdraw once she reaches 21 years of age or gets married. Partial withdrawal of funds once the child reaches 18 years is allowed or has completed 10th standard

Benefits of SSY Calculator

1. Accurate Financial Planning: The calculator provides a precise projection of the maturity amounts, although it does not take inflation into consideration
2. User-Friendly Interface: The calculators are easy to use and the intuitive interface will provide a seamless financial experience. Get the result in few seconds
3. Customizable Scenarios: Experiment with different kinds of contribution and tenures to check the maturity amount. Contribute the one that will take you towards your financial goal
4. Encourages Early Investment: By demonstrating superb maturity amount on time, the scheme pushes everyone to get started early for bigger returns as compounding play a vital role.