Sukanya Samriddhi Yojana (SSY) Calculator

Plan for your daughter's future education and marriage with India's popular savings scheme.

Latest SSY Interest Rate:

₹ 10,000
5 Yr
2025
Total investment
Total interest
Maturity year
Maturity value
Principal Amount
Total Interest

How It Works: SSY Calculation Explained

The Sukanya Samriddhi Yojana is a long-term savings scheme. This calculator simulates its growth based on the official rules:

  • Contribution Period: You invest a fixed amount every year for the first 15 years from the date of account opening.
  • Maturity Period: The account matures and the final amount is paid out after 21 years from the opening date.
  • Interest Calculation: From year 16 to 21, you do not make any new investments, but your accumulated balance continues to earn compound interest annually.
  • Interest Rate: The interest rate is set by the government and reviewed quarterly. This calculator uses the latest declared rate for the entire tenure for simplicity.

A Success Story: A Father's Gift

"When my daughter was born, I opened an SSY account with a small yearly investment. I used a calculator like this one to see the potential. It wasn't just about the numbers; it was about securing her dreams. Now, 15 years later, as she prepares for her higher studies, I am at peace knowing that a significant amount is ready for her, thanks to the power of compounding and disciplined saving through SSY."

Frequently Asked Questions (FAQ)

Who is eligible to open an SSY account?

A parent or legal guardian can open an SSY account in the name of a girl child who is below the age of 10.

What are the minimum and maximum investment limits?

You can start an SSY account with a minimum of ₹250 per year. The maximum you can invest in a financial year is ₹1,50,000.

Are there any tax benefits?

Yes, SSY offers a Triple Tax Benefit (EEE status). The investment amount is eligible for deduction under Section 80C, the interest earned is tax-free, and the maturity amount is also tax-free.

Can I withdraw money before maturity?

Partial withdrawal of up to 50% of the balance is allowed for the girl's higher education once she turns 18 or has passed the 10th standard. Premature closure is allowed only under specific circumstances like marriage of the girl after 18, or in case of critical illness.

Explore More Financial Tools