Calculate Sukanya Samriddhi Yojana returns
The SSY Calculator is a simple yet powerful tool designed to help parents plan and track their investments under the Sukanya Samriddhi Yojana (SSY) — a government-backed small savings scheme exclusively for the girl child. This calculator gives you a clear estimate of the maturity value based on your yearly deposits, making financial planning for your daughter’s future education or marriage more reliable and stress-free.
With rising education costs and long-term savings goals, tools like the Sukanya Samriddhi Yojana SSY Calculator, available for platforms like SBI and Post Office, are indispensable for parents who want clarity on how their savings will grow over time.
An SSY Calculator is an online tool that calculates the maturity amount you’ll receive by the end of the 21-year investment period of the Sukanya Samriddhi Yojana. This includes:
By simply entering your annual deposit amount and the start year of investment, the calculator provides a year-wise projection of how your savings will grow under SSY rules.
Unlike generic saving calculators, the SSY calculator is tailored specifically to the rules and interest structure of the Sukanya Samriddhi Yojana.
The SSY calculator uses a fixed formula based on the scheme’s annual interest rate (which is declared quarterly by the Government of India), deposit duration (maximum 15 years), and maturity period (21 years).
Key inputs it needs:
Calculation logic:
The calculator mimics this logic and gives you a detailed Sukanya Samriddhi Yojana calculator year-wise breakdown.
Using an SSY calculator gives users the ability to:
It’s especially useful for those using SSY calculator SBI, SSY calculator Post Office, or bank-based calculators that follow government rules.
The Sukanya Samriddhi Yojana is meant for parents or guardians of a girl child aged 10 years or younger. The SSY calculator becomes a critical tool in:
Example: If a parent saves ₹50,000 annually in SSY for 15 years, the calculator shows how much that amount grows over the next 21 years and what lump sum they will receive.
To use the SSY calculator wisely:
By simulating different investment amounts, you’ll know exactly how much your daughter can receive at maturity.
Here are some errors people make or misconceptions about the scheme:
Using the calculator properly avoids these pitfalls and ensures smoother financial planning.
The SSY calculator is designed to simplify complex compound interest calculations, which can be tedious when done manually. It helps users:
Rather than working through spreadsheets or long formulas, the calculator provides an instant visual breakdown, including a Sukanya Samriddhi Yojana calculator year-wise projection.
The SSY calculator is not just a convenience tool — it’s a financial planning assistant for every parent investing in the Sukanya Samriddhi Yojana.
Whether you’re depositing ₹250 (the minimum) or ₹1.5 lakh annually (the maximum), understanding how your money will grow is crucial. With tools like the SSY calculator SBI, SSY calculator Post Office, or other versions provided by financial websites, you can ensure that your daughter’s future is financially secure.
Before investing, compare scenarios using the calculator, confirm the latest interest rates, and always keep your financial goals in mind.
The interest rate for SSY is revised quarterly. As of now, it is 8.2% per annum, compounded annually.
Yes. Since all institutions follow the government’s SSY rules, the calculator works the same across SBI, Post Office, HDFC, etc.
You need to make deposits for 15 years from the date of account opening, but the account matures after 21 years.
No, the maturity amount is tax-free under the EEE status — contributions, interest earned, and maturity proceeds are all exempt from tax.
Yes, the deposit amount is flexible each year, as long as it stays within the allowed range (₹250 to ₹1.5 lakh per year).
If you skip a year, the account is considered ‘defaulted’, but you can revive it by paying a penalty of ₹50 per year along with the missed contribution.
No. Only one SSY account per girl child is allowed, and either of the parents or legal guardian can open it.
Partial withdrawal (up to 50%) is allowed after the girl turns 18, for education. Full withdrawal can be made after 21 years or upon her marriage (after 18 years of age).
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