Blog
Login

SSY Calculator

Sukanya Samriddhi Yojana Calculator - Calculate maturity amount for your daughter's future with current 8.2% interest rate.

Enter Details

₹
Min: ₹250/monthAnnual: ₹60.00 KMax: ₹12,500/month

Account can be opened for girl child up to age 10

Current SSY rate: 8.2% (Q1 FY 2024-25)

Sukanya Samriddhi Yojana: Deposit for 15 years, account matures after 21 years. 50% can be withdrawn after the girl turns 18 for higher education. Entire amount is tax-free under Section 80C.

Maturity Amount

₹28.73 LAt Maturity
Total Deposits₹9.00 L
Interest Earned₹19.73 L
Age at Maturity26 years

8.2%

Current Interest Rate

EEE Status

Exempt-Exempt-Exempt Tax

21 Years

Maturity Period

₹1.5L/year

Maximum Deposit

Year-wise Growth (First 10 Years)

YearGirl's AgeDepositInterestBalance
16 yrs₹60.00 K₹4.92 K₹64.92 K
27 yrs₹60.00 K₹10.24 K₹1.35 L
38 yrs₹60.00 K₹16.00 K₹2.11 L
49 yrs₹60.00 K₹22.24 K₹2.93 L
510 yrs₹60.00 K₹28.98 K₹3.82 L
611 yrs₹60.00 K₹36.27 K₹4.79 L
712 yrs₹60.00 K₹44.17 K₹5.83 L
813 yrs₹60.00 K₹52.71 K₹6.96 L
914 yrs₹60.00 K₹61.95 K₹8.17 L
1015 yrs₹60.00 K₹71.95 K₹9.49 L
Final (Year 21)₹9.00 L₹19.73 L₹28.73 L

What is SSY Calculator, and How Does it Help You

Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched under the 'Beti Bachao, Beti Padhao' campaign. It is designed to secure the financial future of a girl child, helping parents save for her higher education and marriage. SSY offers one of the highest interest rates among tax-saving schemes, combined with sovereign capital safety.

The SSY Calculator estimates the maturity amount, interest accumulated, and final payouts of your Sukanya Samriddhi account based on your monthly or annual contributions.

Girl Child Security

Plan dedicated savings for your daughter's future education and marriage expenses.

EEE Tax Exemptions

Model tax-free deposits, tax-free interest growth, and tax-free maturity payouts under Section 80C.

Maturity and Tenure Rules

Applies the official rules: deposit for 15 years, account matures after 21 years.

How Does the SSY Calculator Work?

The calculator simulates annual deposits made for 15 years, compounds interest annually at the government rate, and projects the balance until the 21-year maturity.

A = P * (1 + r/n)^(n*t)

P: Total annual deposits made in the SSY account (max ₹1.5 Lakh/year)
r: Annual interest rate set by government (currently 8.2% p.a.)
t: Total tenure from account opening (account matures in 21 years)
Deposit Period: Contributions are made for 15 years, after which the account earns interest without deposits

If you deposit ₹1,20,000 annually (₹10,000/month) for 15 years at the current interest rate of 8.2% p.a. The calculator projects that after 15 years, you stop depositing. The account continues to earn interest for another 6 years. At the end of 21 years, the maturity corpus will be approximately ₹55,44,792, with tax-free interest of ₹37,44,792.

How to Use SSY Calculator

Using the SSY Calculator is extremely simple and takes just a few seconds. Follow these steps:

1

Enter Monthly Deposit

Type in the monthly contribution amount (minimum ₹250, up to ₹12,500/month).

2

Set Girl Child's Age

Input your daughter's current age (account can be opened up to age 10).

3

Analyze Retirement Payout

View the total accumulated maturity amount at 21 years and the year-wise growth table.

Advantages of Using SSY Calculator

✓ Highest Guaranteed Returns

Earn high government-backed interest rates, superior to bank FDs and PPF.

✓ EEE Tax Exemptions

Enjoy tax benefits under Section 80C on deposits, with zero tax on interest and maturity.

✓ Dedicated Girl Child Fund

Ensure that the savings are locked in specifically for your daughter's key life milestones.

✓ Sovereign Guarantee

Capital safety is backed by the Government of India, ensuring zero default risk.

Frequently Asked Questions

SSY is a government savings scheme launched for the girl child under 'Beti Bachao, Beti Padhao' campaign. It offers one of the highest interest rates among small savings schemes, currently 8.2% p.a., with full tax benefits under Section 80C.
The current SSY interest rate is 8.2% per annum (as of Q1 FY 2024-25). The rate is reviewed and announced by the government every quarter. It has historically ranged from 7.6% to 9.2% since the scheme's launch.
Parents or legal guardians can open SSY account for a girl child who is below 10 years of age. Maximum 2 accounts can be opened for 2 different girl children. In case of twins/triplets, a third account is allowed.
Minimum deposit is ₹250 per year. Maximum deposit is ₹1.5 lakhs per year. If minimum deposit is not made, the account becomes irregular and can be revived with a penalty of ₹50 per year of default.
SSY account matures after 21 years from the date of opening or on the marriage of the girl after she turns 18, whichever is earlier. Deposits need to be made only for the first 15 years.
Partial withdrawal of up to 50% of the balance is allowed when the girl turns 18, for higher education expenses. Full premature closure is allowed in case of the account holder's death, life-threatening illness, or marriage after 18.
SSY enjoys EEE (Exempt-Exempt-Exempt) tax status. Deposits up to ₹1.5 lakhs qualify for Section 80C deduction. Interest earned is tax-free. Maturity amount is also completely tax-free.
SSY account can be opened at any post office or authorized public sector banks including SBI, PNB, Bank of Baroda, Canara Bank, etc. You need birth certificate of girl child, ID proof and address proof of guardian.
No, NRIs cannot open new SSY accounts. However, if an existing account holder becomes NRI, the account can continue till maturity at the prevailing interest rate. New deposits cannot be made after becoming NRI.
If you don't deposit the minimum ₹250 in a year, the account becomes irregular. To revive it, you need to pay the minimum deposits for missed years plus ₹50 penalty per year. Account must be regularized within 15 years of opening.
Yes, once the girl turns 18, she can operate the account herself. Before that, the account is operated by the parent or guardian who opened it. The account and passbook can be transferred to the girl after 18.
SSY offers higher interest (8.2%) compared to PPF (7.1%). SSY also has lower minimum deposit (₹250 vs ₹500). However, PPF has a shorter lock-in (15 years vs 21 years). For girl child, SSY is generally better due to higher returns and similar tax benefits.