Sukanya Samriddhi Yojana (SSY) Calculator
Sukanya Samriddhi Yojana (SSY) is one of the most popular savings schemes launched by the Government of India under the Beti Bachao Beti Padhao campaign. It is specially designed to help parents secure the future of their girl child by building a significant corpus for her higher education or marriage. With an attractive interest rate (currently 7.6% per annum) and income tax benefits under Section 80C, SSY is a safe and rewarding long-term investment.
To make your financial planning easier, we bring you an online Sukanya Samriddhi Yojana Calculator that instantly estimates the total investment, interest earned, and maturity value at the end of the scheme.
What is Sukanya Samriddhi Yojana?
- A government-backed savings scheme for the girl child.
- Account can be opened for girls below 10 years of age.
- Deposits can be made up to 15 years from account opening.
- The account matures after 21 years from the date of opening.
- Minimum deposit: ₹250 per year.
- Maximum deposit: ₹1.5 lakh per year.
- Offers one of the highest interest rates among small savings schemes.
How Does the SSY Calculator Work?
The SSY calculator helps you estimate how much you will receive on maturity. You simply need to enter:
- Monthly or Yearly Deposit – How much you want to contribute.
- Your Daughter Age – 0 to 10 years.
- Started Year – Which Year You Start.
Benefits of Using SSY Calculator
- Helps you plan your savings in advance.
- Gives clarity on how much to invest monthly or yearly.
- Quick and accurate calculation of maturity amount.
- Encourages disciplined long-term investment.
The Sukanya Yojana calculator uses the following formula to generate results:-
A = P (1 + r/n) ^ nt
Where –
| A | Compound interest |
| P | Principal amount |
| r | Rate of interest |
| n | Number of times interest compounds in a year |
| t | Number of years |
Advantages of using Groww Sukanya Samridhi Scheme Calculator
Using the Allincalculator Sukanya Samriddhi Yojana online calculator provides you with the following benefits –
- High Returns: Higher interest than PPF and FDs.
- Tax Benefits: Eligible for deduction under Section 80C (up to ₹1.5 lakh/year).
- Safe Investment: 100% government-backed scheme.
- Flexible Contributions: Choose monthly or yearly deposits.
- Long-Term Wealth Creation: Ideal for education and marriage expenses.
FAQs
Q:- How does the Sukanya Samriddhi Yojana Calculator help parents?
A:- The SSY calculator helps parents estimate the maturity amount, total interest earned, and total investment based on their chosen monthly or yearly contribution. This makes it easier to plan for a girl child’s education and marriage expenses.
Q:- What is the current Sukanya Samriddhi Yojana interest rate?
A:- As of 2025, the interest rate on SSY is 7.6% per annum (compounded annually). However, the Government of India revises it quarterly, so you should always check the latest rate before investing.
Q:- Can I use the SSY calculator for both monthly and yearly deposits?
A:- Yes , the calculator works for both monthly deposits and lump-sum yearly deposits. You just need to input the amount, years of investment, and the prevailing interest rate.
Q:- How much will I get if I invest ₹1,000 per month in Sukanya Samriddhi Yojana?
A:- If you invest ₹1,000 per month for 15 years at 7.6% interest:
Total Investment = ₹1,80,000
Total Interest = approx. ₹3,56,000
Maturity Value = ₹5,36,000 (after 21 years)
Q:- What is the maximum amount I can invest in SSY?
A:- The maximum deposit allowed under SSY is ₹1.5 lakh per financial year. You can deposit in one lump sum or multiple installments.
Q:- Can I use SSY Calculator for multiple scenarios?
A:- Yes, you can try different deposit amounts (₹500, ₹1,000, ₹5,000, etc.) to see how the maturity value changes. This helps in choosing a suitable saving plan as per your budget.
Q:- Is Sukanya Samriddhi Yojana better than PPF?
A:- Both are safe, government-backed savings schemes. However, SSY offers a higher interest rate compared to PPF and is specially designed for securing the financial future of a girl child.
Q:- Who is eligible for a Sukanya Samriddhi Yojana Account?
A:- Parents or guardians can open an SSY account for their daughter any time from birth until she turns 10.