Sukanya Samriddhi Yojana Calculator

Sukanya Samriddhi Yojana Calculator

Latest SSY Rate = 8.2%

Total investment: ₹

Total interest: ₹

Maturity year:

Maturity value: ₹

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    • 🧾 About Sukanya Samriddhi Yojana (SSY)

    Sukanya Samriddhi Yojana (SSY) is a government-backed small savings scheme launched under the Beti Bachao, Beti Padhao campaign. It is designed exclusively for the financial well-being of a girl child, offering high interest rates (currently 8.2%) and tax benefits under Section 80C of the Income Tax Act. The maturity period is 21 years from the date of account opening.

    👩‍👧 Who Can Use This Calculator?

    This SSY calculator is ideal for:

    • Parents/guardians of girl children below 10 years old

    • Financial planners or advisors helping clients plan for a daughter’s future

    • Anyone curious about returns from the SSY scheme

    📊 How Can an SSY Calculator Help You?

    An SSY calculator helps you:

    • Estimate maturity value based on annual contribution

    • Understand total investment and interest earned

    • Plan the future education or marriage expenses for your daughter

    • Avoid manual calculations using complex compound interest formulas

    🔍 How Does The SSY Calculator Work? (With Example)

    Let’s say:

    • You invest ₹10,000 every year

    • Your daughter is 5 years old in 2021

    • You invest for 15 years (until 2036)

    • The scheme matures in 2042 (when the girl turns 21)

    With an 8.2% annual interest:

    • Total investment: ₹1,50,000

    • Total interest earned: ₹3,11,839

    • Maturity amount: ₹4,61,839

    The calculator uses the power of annual compounding with no new deposits after 15 years but continues to accumulate interest till the 21st year.

    🧮 How to Use Investawarehub’s SSY Calculator Online?

    • Enter the yearly investment amount (e.g., ₹10,000)

    • Enter your daughter’s current age

    • Select the account opening year

    • View auto-calculated:

      • Total investment

      • Interest earned

      • Maturity year

      • Maturity value

    • Analyze your investment with an interactive pie chart

    ✅ Advantages of Using Investawarehub SSY Calculator

    • 100% free and easy to use

    • Updated with latest SSY interest rates

    • Provides quick and accurate estimations

    • Visual insights using a pie chart

    • Helps in goal-based planning for your daughter

    • Compatible with mobile and desktop devices

    💼 How Can I Use the Corpus Accumulated from SSY Contributions?

    You can utilize the maturity amount for:

    • Higher education expenses (college, university)

    • Marriage expenses

    • Emergency needs for your daughter’s future

    • Investing in low-risk or goal-based financial instruments

    🗂️ Related Saving Schemes in India

    Saving SchemeInterest Rate (Approx.)Tax BenefitLock-in Period
    Sukanya Samriddhi Yojana8.2%80C21 years
    Public Provident Fund (PPF)7.1%80C15 years
    National Savings Certificate (NSC)7.7%80C5 years
    Senior Citizens Savings Scheme (SCSS)8.2%80C5 years (extendable)
    Kisan Vikas Patra (KVP)7.5% (Compounded)No115 months
    Post Office Monthly Income Scheme7.4%No5 years
    ELSS Mutual FundsMarket Linked80C3 years (shortest)

    📚 Frequently Asked Questions (FAQs)

    Q1. Who is eligible to open an SSY account?
    Parents/guardians of a girl child below 10 years can open the account.
    Q2. How much can I deposit in a year?
    Q3. What is the maturity period of SSY?
    21 years from the date of account opening.
    Q4. Can I withdraw money before maturity?
    Yes, partial withdrawal (up to 50%) is allowed after the girl turns 18, for higher education or marriage.
    Q5. Is the SSY account tax-free?
    Yes, SSY offers EEE status – Exempt on Contribution, Interest, and Maturity under Section 80C.
    Q6. How many accounts can be opened per girl child?
    Only one SSY account per girl child.
    Q7. What happens if I fail to deposit in a year?
    Q8. Is SSY better than PPF?
    SSY offers a higher interest rate but has a longer lock-in. Choose based on your financial goal.