Sukanya Samriddhi Yojana Calculator
Calculate your Sukanya Samriddhi Yojana returns with flexible investment options
Investment Summary
Growth Over Time
Key Takeaways
Quick Investment Options
SSY Yearly Breakdown
| Year | Age | Starting Balance (₹) | Investment (₹) | Interest Rate | Interest Earned (₹) | Year End Balance (₹) | Withdrawal Year |
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The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme designed specifically to secure the financial future of a girl child in India. Offering attractive, tax-free returns, it’s a trusted choice for long-term savings. Our comprehensive SSY Calculator is an essential tool to help you estimate your investment growth, calculate the interest earned, and project the final maturity amount.
This guide will not only provide a powerful calculator but also explain the features of the SSY scheme, helping you plan effectively for your daughter’s education and marriage expenses.
Author’s Note: Financial planning tools like this SSY calculator are designed to provide estimates based on the data you enter and the current interest rate. The results are for informational purposes only and are not a guarantee of future returns, as the SSY interest rate is subject to periodic review by the government. This content should not be considered financial advice. Always consult a qualified financial advisor to discuss your personal financial goals.
What is the Sukanya Samriddhi Yojana (SSY)?
Sukanya Samriddhi Yojana is a small savings scheme under the “Beti Bachao, Beti Padhao” campaign. It allows parents or legal guardians to open a savings account for a girl child under the age of 10.
Key features of the scheme include:
- High-Interest Rate: SSY offers one of the highest interest rates among government-backed small savings schemes. The current SSY interest rate is 8.2% per annum, compounded annually.
- Tax Benefits: SSY enjoys an Exempt-Exempt-Exempt (EEE) tax status. Contributions up to ₹1.5 lakh per year are eligible for deduction under Section 80C, and both the interest earned and the maturity amount are tax-free.
- Long-Term Growth: The account matures 21 years from the date of opening, providing a long-term horizon for your investment to grow through compounding. Contributions are required for the first 15 years.
How to Use the SSY Calculator for Financial Planning
Our SSY calculator is simple to use. Follow these steps to project your investment’s growth:
- Enter the Girl’s Age: Provide your daughter’s current age to determine the investment timeline.
- Enter Your Investment Amount & Frequency: Input the amount you plan to invest and choose whether you will make contributions monthly or yearly.
- Select Your Investment Type: Model your investment strategy by choosing a fixed amount, an amount that increases annually (to match income growth), or even custom yearly investments for maximum flexibility.
- View Your Results: The calculator will instantly provide a detailed summary, including your total investment, total interest earned, and the final maturity value at the end of the 21-year term.
Unlock Your Financial Planning with Our SSY Calculator’s Unique Features
Our calculator is designed to offer deeper insights than a basic tool. You can leverage these powerful features for more detailed and realistic financial planning:
- Flexible Investment Modeling: Plan for your changing financial capacity. Our calculator allows you to model real-life investment strategies, including:
- Fixed Contributions: A consistent, disciplined approach.
- Increasing Contributions: Simulate annual increases to your investment to align your savings with your salary growth.
- Custom Yearly Investments: Plan for irregular income or variable investment amounts by inputting a specific contribution for each of the 15 contribution years.
- Detailed Year-Wise Projections: See the power of compounding in action. Our tool provides a transparent, year-by-year table that breaks down your opening and closing balances, annual contributions, and the interest earned each year.
- Downloadable Results for Offline Tracking: Keep your financial plans organized. You can easily export your personalized calculations and year-wise breakdown into a CSV file for offline analysis and record-keeping.
Why Plan with an SSY Calculator?
Using an SSY calculator is a crucial step in securing your daughter’s future. Here’s how it helps:
- Goal-Oriented Planning: Determine the annual or monthly contribution needed to reach a specific financial target for your daughter’s higher education or marriage.
- Visualize Investment Growth: The year-by-year breakdown makes the abstract concept of compounding tangible, motivating you to stay invested.
- Informed Decision-Making: By modeling different investment scenarios (e.g., fixed vs. increasing contributions), you can make a strategic choice that best fits your financial situation.
Frequently Asked Questions (FAQ)
What is the current interest rate for SSY?
The current interest rate for the Sukanya Samriddhi Yojana is 8.2% per annum (as of Q1 FY 2025-26), compounded annually. The government reviews this rate quarterly.
How long do I need to make contributions to an SSY account?
You need to make contributions to the SSY account for the first 15 years from the date of account opening. The account will continue to earn interest until it matures after 21 years.
What are the minimum and maximum investment limits for SSY?
The minimum annual contribution is ₹250, and the maximum is ₹1.5 lakh in a single financial year.
Can I withdraw from the SSY account before it matures?
Yes, a partial withdrawal of up to 50% of the balance is allowed for the girl child’s higher education expenses after she turns 18 or has passed the 10th standard. The account can be closed prematurely for her marriage after she turns 18.