Sukanya Samriddhi Yojana Calculator

Sukanya Samriddhi Yojana (SSY) Calculator

Sukanya Samriddhi Yojana (SSY) is a government-backed savings campaign launched in India under the "Beti Bachao, Beti Padhao" initiative. Designed specifically for the welfare and financial security of the girl child, this scheme encourages parents to save for their daughter's future education and marriage expenses. It offers one of the highest interest rates among small savings schemes, backed by the Government of India, along with absolute capital security and guaranteed payouts.

How Does Our Sukanya Samriddhi Yojana (SSY) Calculator Help You?

Manual calculations of SSY compounding returns can be extremely complicated because of the two-part structure of the scheme: you deposit money for the first 15 years, and then the account continues to accumulate compounded interest for another 6 years without any additional deposits. Our online SSY calculator does the math instantly. By typing in your planned annual contribution and the applicable government rate of return, you can immediately check the total invested amount, estimated returns, and final maturity corpus at the end of the 21-year term.

Key Rules and Guidelines of the SSY Scheme

• Eligibility: The account can be opened by a parent or legal guardian for a girl child who is an Indian resident and under the age of 10. A maximum of two accounts can be opened per household (one for each girl child).
• Investment Limits: A minimum deposit of ₹250 is required per financial year. The maximum permitted deposit is ₹1,50,000 per financial year. Deposits can be made in lump sums or multiple installments.
• Deposit Period vs. Maturity: Contributions must be made for exactly 15 years from account opening. The account matures after 21 years, meaning the balance earns compound interest for the remaining 6 years without requiring you to make any further deposits.
• Withdrawal Conditions: Partial withdrawals up to 50% of the accumulated balance at the end of the preceding financial year are allowed for the higher education of the girl child once she reaches the age of 18 or passes the 10th standard. The account can be closed prematurely if the girl child marries after reaching age 18.

Tax Benefits under Sukanya Samriddhi Yojana

One of the major highlights of the SSY scheme is its Exempt-Exempt-Exempt (EEE) tax status. Contributions made to the account are eligible for deductions under Section 80C of the Income Tax Act up to a limit of ₹1.5 Lakhs per year. Furthermore, the annual interest accrued on the balance is completely exempt from income tax, and the final maturity amount received at the end of 21 years is also tax-free, making it an extremely tax-efficient savings option.

How SSY Interest is Calculated

The government of India announces the interest rate for SSY quarterly. The interest is compounded annually and calculated based on the lowest balance in the account between the 10th day and the end of each calendar month.

For example, if you invest ₹1,00,000 annually at a constant interest rate of 8.2%:

• Total Investment (15 years × ₹1,00,000): ₹15,00,000
• Interest earned over 21 years: ₹28,98,908
• Final maturity value at Year 21: ₹43,98,908

Benefits of using our Online SSY Calculator

• Accurate Estimates: Know exactly how much you need to save annually to build the desired corpus for your daughter's future education and marriage.
• Simple Planning: Easily visualize the growth of your investments with our year-by-year accumulation table.
• Goal Alignment: Align your annual savings with long-term inflation and expenses to ensure your child has the financial support she needs.