SSY Calculator

Calculate tax-exempt savings for your girl child under the Sukanya Samriddhi Yojana.

₹
Total Invested (15 Years)₹22,50,000
Total Interest Earned₹49,32,119
Maturity Amount (at 21 Years)₹71,82,119
3.2xReturn
Invested
Interest

SSY Calculator – Sukanya Samriddhi Yojana Maturity Calculator

Sukanya Samriddhi Yojana (SSY) is a flagship sovereign savings scheme launched under the Government of India's 'Beti Bachao, Beti Padhao' initiative.

Designed specifically for the financial security and higher education of the girl child, it offers the highest sovereign interest rate among all small-savings schemes (currently 8.2% p.a.).

What is Sukanya Samriddhi Yojana?

Parents or legal guardians can open an SSY account for a girl child below 10 years of age. Contributions are required for the first 15 years, while the account matures after 21 years from account opening.

Key Benefits of SSY

Highest interest rate among government-backed savings instruments (8.2% p.a. compounded annually).
Triple Tax Exemption (EEE): Tax deduction under Section 80C, tax-free annual interest, and 100% tax-free maturity payout.
Guaranteed maturity proceeds transferred directly to the daughter for higher education or marriage.

How Does the SSY Calculation Work?

Deposits are made for 15 years, while interest compounds for the full 21-year period:

Calculation Formula
Maturity = Sum of [ Deposit × (1 + r)^(21 - Year_i) ]
Parameters Definition
Deposit Period:First 15 years from account opening.
Maturity Horizon:21 years from the date of account opening.
Interest Rate:Quarterly government-notified rate (currently 8.2% p.a.).

How to Use the SSY Calculator

1

Enter your planned annual deposit amount (minimum ₹250, maximum ₹1,50,000).

2

Specify your daughter's current age (0 to 10 years).

3

View the total amount deposited over 15 years vs the substantial tax-free corpus at year 21.

Frequently Asked Questions

Can I make partial withdrawals from SSY?
Yes. Up to 50% of the account balance at the end of the preceding financial year can be withdrawn once the girl child reaches 18 years of age or passes Class 10, specifically to fund higher education.

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