Planning for your daughter’s future? The Sukanya Samriddhi Yojana offers the best way to secure your future investments. Determining exactly how much you should invest in the Yojana plus its future returns and expiration date feels like solving a difficult problem. Our Sukanya Samriddhi Yojana Calculator offers expert math power to make things easier. Our tool shows clear savings growth numbers based on basic information input. Use this calculator to determine your investment plans and make sure you remain ahead of changes in your child’s plans. No spreadsheets. No guesswork. Just clarity. Smart planning for your child today creates a worry-free future. Ready to get started? Our calculations show the path to her promising future.
What is SSY?
The Indian government has launched Sukanya Samriddhi Yojana under Beti Bachao Beti Padhao to help parents save for their daughters. The plan enables caregivers to save funds for school tuition and wedding costs of their daughters. The unique interest rate on offer is surpassed only by a few other savings schemes while also giving generous 80C tax deductions.
Here’s the deal:
As a parent or legal guardian, you can open an SSY account if a few simple conditions are met.
- The child should be below 10 years of age at the time of account opening.
- You can open up to two accounts—one for each girl child (three, if twins are involved in the second birth).
- You need to be an Indian resident, and the account can only be opened in the child’s name by her parent or guardian.
Once you tick all these boxes, you’ll also need to have a few key documents handy:
- Birth certificate of the girl child
- Address proof and identity proof of the parent/guardian
- Any other documents required by the post office or bank where you’re opening the account
If you meet the eligibility and have the paperwork ready, congratulations! When you create your SSY account you can use the Savings Scheme calculator to plan your investments and observe how your money grows.
Working of Sukanya Samriddhi Yojana Calculator
- Step 1: Enter the yearly amount you plan to invest.
- Step 2: Select the year when you opened the SSY account (or plan to open it).
- Step 3: The calculator automatically applies the latest applicable interest rates and computes the maturity value.
It will show you:
- Total investment made over the tenure
- Total interest earned
- Maturity amount when the account completes its 21-year cycle
The best part? You can try out different scenarios and adjust your investment amounts to see how it impacts the final corpus. It’s simple, intuitive, and takes the guesswork out of the equation.
How can an SSY calculator help you?
When planning your finances using SSY you need the Sukanya Samriddhi Yojana Calculator. The tool enables both parents and guardians to see in advance how their present funds will protect their daughter’s path ahead. The SSY calculator handles difficult mathematical tasks for you to generate exact results fast.
You provide how much money you will invest each year into our system and receive data in return about your total savings at the account’s expiration. The tool displays your investments and interest rates along with the latest government updates to show you all your money and interest earned before you reach maturity.
Your planning process becomes faster and more exact thanks to this tool. Set aside several investment sums to view their different results in action. Using the calculator helps you understand actual financial results when you plan your savings. Using the SSY calculator helps you set aside funds for your daughter without facing any saving difficulties. This tool enables you to set solid plans that build confidence toward a successful future for your daughter.
Sukanya Samriddhi Yojana (SSY) Calculator Example
The Sukanya Samriddhi Yojana Calculator is your financial planning partner by simplifying future strategy development for your daughter. The simple tool does not require technical calculations or tables to show precise results. Just accurate results in seconds!
This is how our calculator generates results. The calculator uses annual compounding of interest to perform its calculations. The formula is:
A = P × (1 + r/n)^(nt)
Where:
A = Final Amount (Maturity Value)
P = Principal (Annual Contribution)
r = Interest Rate (expressed as a decimal)
n = Number of times interest is compounded per year (For SSY, it’s once—annually)
t = Time in years
Now, let’s see it in action!
Example:
You will deposit ₹50,000 yearly for 15 years into an SSY account under an 8% annual interest rate.
- P = ₹50,000
- r = 8% or 0.08
- n = 1 (compounded annually)
- t = 21 years (account matures after 21 years, but deposits are made for the first 15 years)
The calculator will:
- Add up all your yearly contributions for 15 years.
- Calculate interest on the accumulated amount every year.
- After 21 years, show you the maturity amount, including both your contributions and the interest earned.
You will get from ₹22 to ₹25 lakh if you put ₹50,000 harmlessly into the account every year and interest rates remain stable.
The tool lets you set annual deposit amounts and interest rates before entering your desired investment start date to see how your savings grow. The tool displays forecast results right away so you can prepare for college or wedding expenses without doing the math yourself.
Advantages of Using the Sukanya Samriddhi Yojana (SSY) Calculator
Your daughter’s future planning should bring joy and the Sukanya Samriddhi Yojana Calculator makes this possible. This tool brings major benefits to investors who focus on smart decisions.
Saves Time & Effort: No more scribbling numbers or guessing how much to invest. Enter your details and get instant results—accurate and easy!
Crystal Clear Projections: It shows you exactly how much you need to save each year and what you’ll get at maturity. Clarity equals confidence.
Helps You Plan Smart: Whether you’re saving for education, marriage, or a future milestone, the calculator lets you adjust the investment amount and tenure to suit your goals.
User-Friendly & Hassle-Free: No sign-ups. No complex math. Just a simple tool that works smoothly on mobile or desktop.
Updated with Latest Rates: It factors in the latest government-announced SSY interest rates to give you accurate projections.
Stress-Free Decision-Making: Knowing exactly how your money will grow helps you make informed choices without the second-guessing.
With the SSY calculator, you’re not just saving—you’re planning a bright, secure future for your daughter with clarity and confidence.
Your SSY deposits build a fund that protects your daughter’s future success. You can take all maturation funds from your account after it has been open 21 years, tax-free. You may use maturity funds to help your daughter pay for schooling, get married, or to establish her own business. After turning 18, she may withdraw up to half of her account funds for any necessary educational costs. Through savings you build a secure future for yourself and your loved one, allowing you to realize her vision and plans.
FAQs on Sukanya Samriddhi Yojana Calculator
What is SSY?
SSY is a public program that supports saving for a girl child’s financial protection through the government. This program lets parents earn good interest rates while getting tax deductions, while also saving enough money to fund their daughter’s education and wedding.
Can I transfer my SSY account to another city or bank?
Yes! You can easily transfer your SSY account between post offices or authorized banks anywhere in India without losing any benefits.
Who can open an SSY account?
A person who holds legal authority over a girl under 10 years old can establish this account. Each girl child requires one savings account with families limited to two profiles except where twins exist.
What happens if I miss a payment in a year?
No worries! You can reactivate your account after failing to make a deposit as long as you pay a ₹50 penalty and a required minimum deposit of ₹250. You must pay a penalty of ₹50 plus the regular deposit amount of ₹250 to reactivate an inactive account.
Can I make partial withdrawals?
Yes! After the girl child turns 18, you can withdraw up to 50% of the balance for education or other important expenses.
Is the maturity amount taxable?
SSY has a full tax exemption status (EEE). Under Section 80C all money you put in plus the interest and your final earnings become entirely tax exempt.
What is the minimum and maximum amount I can invest in SSY annually?
You can start with as little as ₹250 per year, and the maximum deposit limit is ₹1.5 lakh per year. Consistent contributions help you maximize the benefits.