What is the Sukanya Samriddhi Yojana (SSY) Calculator?
The Sukanya Samriddhi Yojana (SSY) Calculator helps parents estimate the maturity amount of their SSY investment for their daughter's future. SSY is a government-backed small savings scheme under the Beti Bachao Beti Padhao initiative, designed to provide financial security for a girl's education and marriage.
Why Use an SSY Calculator?
1. Accurate Maturity Estimation – Know the exact amount your investment will grow to.
2. Plan Your Contributions – Adjust yearly deposits for better savings.
3. Interest Calculation Based on Latest Rates – Get up-to-date return estimates.
4. Compare with Other Savings Schemes – Find the best plan for your child’s future.
5. Hassle-Free Financial Planning – Quickly calculate long-term savings potential.
6. Avoid Manual Errors – Automated calculations ensure 100% accuracy.
How to Use the SSY Calculator?
To use the Sukanya Samriddhi Yojana Calculator, follow these steps:
✅ Enter the Initial Investment Amount – The minimum deposit is ₹250, and the maximum is ₹1.5 lakh per year.
✅ Choose the Deposit Frequency – Monthly, Quarterly, or Yearly.
✅ Enter the Investment Period – Up to 15 years of deposits, with maturity at 21 years.
✅ Click ‘Calculate’ – Instantly view the total maturity amount and interest earned.
✅ Analyze Results – Compare with other savings schemes to make the best decision.
For other tax-saving options, check out our Income Tax Calculator.SSY Calculation Formula
The Sukanya Samriddhi Yojana works on compounded annual interest 
Where:
- ✅ A = Maturity Amount
- ✅ P = Yearly Deposit
- ✅ r = Interest Rate / 100
- ✅ n = Number of Years
Example Calculation
If you invest ₹1,00,000 per year for 15 years at an interest rate of 7.6%:
- ✅ Total Investment = ₹15,00,000
- ✅ Maturity Amount (at 21 years) = ₹39,72,000
- ✅ Total Interest Earned = ₹24,72,000
- ✅ Effective Growth = 165% of initial investment
For other investment plans, visit MoneyControl.
Features & Benefits of SSY Investment
✅ Tax-Free Returns – Under Section 80C of the Income Tax Act.
✅ High-Interest Rate – One of the best rates in small savings schemes.
✅ Long-Term Investment – Ideal for education and marriage planning.
✅ Flexible Deposits – Deposit as little as ₹250 per year.
✅ Government-Backed Security – Risk-free investment.
✅ Partial Withdrawal Allowed – Up to 50% for higher education.
✅ Guaranteed Returns – The scheme ensures stable growth despite market fluctuations.
✅ Automatic Account Transfer – Available if the depositor relocates.
Sukanya Samriddhi Yojana vs. Other Savings Plans
| Feature | SSY | PPF | Fixed Deposit (FD) | Mutual Funds |
|---|---|---|---|---|
| Tax Benefits | ✅ | ✅ | ❌ | Varies |
| Interest Rate | 7.6% | 7.1% | 5.5% - 6.5% | Market Dependent |
| Tenure | 21 Years | 15 Years | 1-10 Years | No Fixed Term |
| Premature Withdrawal | Partial after 18 years | After 5 years | Possible with penalty | Possible |
| Risk Factor | Low (Govt-backed) | Low | Medium | High |
Explore more tax-saving schemes at ET Money.
Who Can Open an SSY Account?
- ✅ Parents or legal guardians of a girl child below 10 years.
- ✅ Only one SSY account per girl is allowed.
- ✅ Maximum of two accounts per family (exce of twins).
- ✅ Indian Residents Only – NRIs cannot open SSY accounts.
- ✅ No Joint Accounts Allowed – Only one account per child.
For short-term investments, check out our Fixed Deposit Calculator.
How to Open an SSY Account?
- ✅ Visit the Nearest Bank or Post Office – Choose an authorized SSY provider.
- ✅ Submit Required Documents: Birth certificate, identity proof, and address proof.
- ✅ Deposit the Minimum Amount – Start with ₹250.
- ✅ Receive Passbook & Confirmation – Track your savings anytime.
- ✅ Continue Deposits for 15 Years – Mandatory deposits ensure steady growth.
Need a loan for education? Use our Education Loan Calculator.
Best Banks & Post Offices Offering SSY
| Details | |
|---|---|
| State Bank of India (SBI) | Reliable banking services. |
| Punjab National Bank (PNB) | Competitive interest rates. |
| Post Office | Wide accessibility across India. |
| HDFC Bank | Easy online management |
| ICICI Bank | Hassle-free deposits and withdrawals.t |
| Bank of Baroda | Attractive savings options. |
Check the official details at India Post.
SSY Interest Rate & Withdrawal Rules
- ✅ Interest Rate – Updated quarterly by the government.
- ✅ Maturity Period – 21 years from account opening.
- ✅ Partial Withdrawal – Allowed after the girl turns 18 (for higher education).
- ✅ Account Closure – Only in case of the death of the account holder or medical emergencies.
- ✅ Penalty for Missed Deposits – ₹50 per year for non-payment.
Check the latest SSY interest rates at RBI’s Official Website.