Sukanya Samriddhi Yojana Calculator
Sukanya Samriddhi Yojana Calculator: Plan Your Daughter’s Bright Future Properly
Do you want to save for your daughter’s better future, her education, or her wedding? If your answer is yes, the Sukanya Samriddhi Yojana Calculator is a powerful tool that shows you how much you can build by investing a small amount each month or year by your chosen maturity date. The attractive interest offered by this government scheme makes it the safest and best investment option, ensuring your daughter has a bright future so you don’t have to worry about a thing.
Who is this calculator for?
This SSY Calculator is for all Indian parents who:
- Have a daughter who is currently under 10 years old and want to start saving in her name.
- Are looking for tax-free returns and government security.
- Want to properly secure their daughter’s higher education through long-term financial planning.
Need complete information on the SSY? Before using the calculator, if you want to read in detail about this scheme’s rules, eligibility, and tax benefits, be sure to check out our complete guide, “What Is the Sukanya Samriddhi Yojana?” In it, we’ve explained every big and small detail, from opening the account to maturity.
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Total Time: 2 Minutes, Cost: Free
How to Use the Sukanya Samriddhi Yojana Online Calculator? (Step-by-Step Guide)
Our Sukanya Samriddhi Yojana Online calculator is very simple to use. You can accurately calculate your daughter’s future corpus in just a few seconds by following the steps given below:
Step 1: Enter the Annual Investment Amount
First, enter the amount you want to deposit annually in your daughter’s name in the ‘Yearly Investment’ box.
Note: Please note that you can invest a minimum of ₹250 and a maximum of ₹1,50,000 per year.
Step 2: Select the Daughter’s Current Age
In the ‘Girl’s Age’ column, enter your daughter’s current age. Please note that this scheme is only for girls under the age of 10.
Step 3: Select the Start Year
Enter the year here when you opened or are planning to open this account (e.g., 2025 or 2026). This helps the calculator calculate the maturity year.
Step 4: Click the ‘Calculate’ Button
After filling in all the details, click the ‘Calculate’ button. A detailed results window will then open, showing you the following:
-Total Investment: The total amount you have deposited or will deposit over the entire 15 years.
-Total Interest: The interest earned on your deposited money at the government rate (8.2%).
-Maturity Year: The year your account will mature and you will receive the money.
-Maturity Value: Most importantly, the final amount you will receive after 21 years.
Step 5: Reset and New Calculation
If you want to compare different amounts, such as ₹2000 vs ₹5000 per month, press the ‘Reset’ button and re-enter the new values to check.
Formula behind SSY calculation
The interest on the SSY is not compounded monthly because it follows annual compounding. Its basic calculation logic is based on the formula given below:
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But since you deposit money every year, the calculation is a bit more detailed. Let’s understand it with an example: If you deposit ₹10,000 per year and the Sukanya Samriddhi Yojana interest rate is 8.2%, which is the current rate, the calculation is as follows:
- Investment Period: You will have to deposit money for 15 years.
- Maturity Period: Your account will mature after 21 years.
- Total Deposit: ₹150,000.
- Maturity Amount: After interest is applied, this amount can be over ₹490,000.
Maturity Value Comparison Table (Estimated)
From the table below, you can estimate how much return you can get on your investment. It has been calculated at the current 8.2% interest rate:
| Yearly Investment | Total Deposit (15 Years) | Approx. Maturity Value (21 Years) |
| ₹5,000 | ₹75,000 | ₹2,45,000 |
| ₹10,000 | ₹1,50,000 | ₹4,90,000 |
| ₹50,000 | ₹7,50,000 | ₹24,50,000 |
| ₹1,50,000 | ₹22,50,000 | ₹73,90,000 |
Expert Pro-Tips & Common Mistakes
- Early Start: The sooner you open your daughter’s account, the more you will benefit from compounding interest.
- Section 80C: Remember, investing in this scheme also gives you a tax deduction under Section 80C of the Income Tax Act.
- Avoid Delay: It is mandatory to deposit the minimum ₹250 every year, otherwise the account may be discontinued.
- Post Office vs. Bank: Whether you use a Sukanya Samriddhi Yojana Post Office calculator or one from a bank, the interest rate is always fixed by the government, so the returns will be the same.
Check the official guidelines: The rules, eligibility, and latest interest rates of the Sukanya Samriddhi Yojana are subject to change from time to time. For official information about this scheme and any new updates, you can visit the National Portal of India so that you always stay connected to verified information.
Privacy & Trust Note
We fully respect your privacy. Any data you enter in this calculator is not stored on our servers. Because it is a completely browser-based calculation, which is safe and secure.
Frequently Asked Questions
What is the Sukanya Samriddhi Yojana interest rate?
Currently, the Government of India has set the Sukanya Samriddhi Yojana interest rate at 8.2%. This rate is reviewed every quarter.
Can I manage my SSY account online?
Yes, you can easily manage your SSY account online, as almost all major banks and Post Offices now offer an online facility for the Sukanya Samriddhi Yojana. This allows you to transfer funds and check your balance.
What is the difference between the Sukanya Samriddhi Yojana Post Office calculator and the bank calculator?
In reality, there is no difference between the two. The interest rates are fixed by the government, so whether you open an account at the post office or a bank, your principal and the interest you receive will be the same.
Can you withdraw the money after 15 years?
You cannot withdraw the money after 15 years, because the investment is for 15 years, but the account matures after 21 years. However, up to 50% can be withdrawn for higher education once the daughter turns 18.
Disclaimer: This calculator provides only an estimated calculation. The final maturity amount depends on the actual interest rates of the bank or post office and government regulations. We do not provide any financial advice, so be sure to consult your financial advisor before investing.