Sukanya Samriddhi Yojna Calculator
Plan your daughter’s secure future with our advanced SSY calculator. Calculate maturity amount with current interest rates.
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Note: Calculations are based on current interest rates (8.2% p.a.). Rates are reviewed quarterly by the Government of India. This is for estimation purposes only.
SSY Scheme Benefits
- Tax-Free Returns: EEE (Exempt-Exempt-Exempt) status
- High Interest Rate: Currently 8.2% p.a. (compounded annually)
- Government Backed: 100% safe and secure investment
- Flexible Deposits: ₹250 to ₹1.5 lakh per year
- Long Tenure: 21 years from account opening
What is Sukanya Samriddhi Yojna?
Sukanya Samriddhi Yojna is a government savings scheme made specially for a girl child in India. Parents can save small amounts every year for their daughter’s future education or marriage. This scheme gives higher interest compared to normal savings accounts and is very safe because it is backed by the Government of India. It is mainly started to support the financial security of a girl child.
How to calculate Sukanya Samriddhi Yojna maturity
Follow these steps to use the calculator on the page for an accurate maturity projection:
1. Enter the girl child’s date of birth or age Input the exact date of birth (or current age in years). This determines:
a) The account opening/reference year.
b) The maturity date (account matures after 21 years from opening or when the girl turns 21, whichever aligns).
2. Enter the initial deposit / opening amount Specify the amount deposited when opening the account (minimum ₹250, maximum ₹1.5 lakh per financial year). Some tools label this as “Initial Deposit” or “Deposit Amount in First Year”.
3. Specify the annual/yearly contribution amount Enter the regular yearly deposit you plan to make (up to ₹1.5 lakh per financial year). Deposits are required only for the first 15 years; the account continues to earn interest for the remaining period until maturity even without further contributions.
4. Check or input the interest rate The calculator typically pre-fills or displays the current government-set rate (e.g., 8.2% as of Now). If editable, use the prevailing rate; otherwise, it applies the default/latest rate shown.
5. Calculate Click the “Calculate”, “Submit”, or equivalent button. The tool computes and displays key results using compound interest formula applied annually (interest is compounded yearly on the lowest monthly balance).
What the Sukanya Samriddhi Yojna Calculator Typically Shows
Maturity Amount — Total corpus receivable at maturity (principal + compounded interest).
Total Amount Invested — Sum of all deposits made over the years.
Interest Earned — Total interest accumulated over the 21-year period
Maturity Year/Age — When the account matures and funds become accessible (usually at age 21 or after 21 years from opening).
Sukanya Samriddhi account opening
Opening an account under Sukanya Samriddhi Yojna is very easy. Parents or legal guardians can open the account in a post office or authorised bank. You need basic documents like birth certificate of the girl child, identity proof, and address proof. The account is opened in the name of the girl child, and parents manage it till she becomes an adult.
SSY eligibility rules
Under Sukanya Samriddhi Yojna, the account can be opened for a girl child who is below 10 years of age. Only one account is allowed per girl child, and a maximum of two accounts per family is permitted. The account must be opened by parents or a legal guardian. These simple eligibility rules make the scheme clear and easy to follow.
Girl child savings scheme India, Sukanya Samriddhi interest rate
Sukanya Samriddhi Yojna is one of the best girl child savings schemes in India because it offers a higher interest rate than most fixed deposits. The interest rate is decided by the government and changes from time to time. The interest earned is added every year, helping the savings grow faster and giving good returns in the long term.
Sukanya Smriddhi tax benefit
One big advantage of Sukanya Samriddhi Yojna is its tax benefit. The money invested in this scheme qualifies for tax deduction under Section 80C. The interest earned and the maturity amount are also tax-free. Because of this triple tax benefit, many parents prefer this scheme for long-term savings and tax planning.
SSY maximum and minimum investment limit
In Sukanya Smriddhi Yojna, you can start investing with a very small amount every year. The minimum investment is affordable for most families, while the maximum limit allows parents to save more if they wish. This flexible investment limit makes the scheme suitable for both small and regular savers who want to plan their daughter’s future.
FAQs
1. What is the Sukanya Samriddhi Yojna and how does it work?
Sukanya Smriddhi Yojna is a government savings scheme for the financial future of a girl child. It offers guaranteed returns, a good interest rate set by the government each quarter, and tax benefits under Section 80C. Parents or guardians open an SSY account for a girl child below 10 years to save long-term money.
2. What is the current SSY interest rate
The current SSY interest rate is 8.2% per annum for the third quarter of FY, making sukanya smriddhi yojna one of the highest-return small savings schemes in India. Interest is compounded yearly on the balance and reviewed quarterly by the government.
3. Who is eligible to open a Sukanya Samriddhi Yojna account?
You can open a sukanya sumriddhi yojna account for a girl child below 10 years of age. Only parents or legal guardians can open it, and a family can have maximum 2 accounts (or 3 if twins/triplets).
4. Where can I open an SSY account — in post office or bank?
Samriddhi Yojna accounts can be opened at India Post offices and authorized banks like SBI, PNB, ICICI, HDFC, etc. Both options give the same government-set interest rate.
5. What is the minimum and maximum investment in Sukanya Samriddhi Yojna?
In sukanya yojna, you must deposit at least ₹250 per year and can deposit up to ₹1,50,000 per year. You can pay yearly, monthly or quarterly.
6. How long should I invest and when does SSY mature?
Sukanya Yojna deposits are required for the first 15 years from account opening, and the account matures after 21 years from opening. Once matured, you can withdraw the total amount.
7. Can I withdraw money from a Sukanya Samriddhi Yojna account early?
Partial withdrawals are allowed after the girl turns 18 years for education or marriage expenses. Full withdrawal is allowed when the account matures at 21 years.
8. Is SSY tax-free and do I get tax benefit for sukanya samriddhi yojna?
Yes! Sukanya Yojna has EEE tax benefits — deposits, interest earned, and the maturity amount are all tax-free. You also get tax deduction under Section 80C up to ₹1,50,000 per year.
9. How do I calculate returns on Sukanya Samriddhi Yojna?
You can use an online SSY calculator by entering yearly investment amount, girl’s age, and current interest rate. The tool shows expected maturity amount and total returns. These calculators use the latest sukanya yojna interest rate to project your savings.
10. What is the benefit of investing in Sukanya Samriddhi Yojna vs other schemes?
Samriddhi Yojna gives higher government-backed interest rates (8.2%), guaranteed returns, and complete tax-free status. Compared to PPF and NSC, SSY often gives better returns and is specialized for a girl child’s future goals like education or marriage.