| Year | Age | Investment | Interest Earned | Closing Balance | Withdrawal |
|---|
SSY Calculator – Sukanya Samriddhi Yojana Maturity Calculator
The PlanMyReturns SSY Calculator helps parents estimate the maturity value of Sukanya Samriddhi Yojana (SSY) based on how much they invest, for how long, and at the prevailing interest rate.
It shows:
- Total investment
- Total interest earned
- Maturity amount
- Maturity year
- Complete year-wise growth schedule
This calculator follows official SSY rules and limits and is built for realistic planning, not assumptions.
What Is Sukanya Samriddhi Yojana (SSY)?
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched under the Beti Bachao, Beti Padhao initiative to encourage long-term savings for a girl child’s education and marriage.
When Was SSY Introduced?
SSY was launched in 2015 by the Government of India.
Who Can Open an SSY Account?
- A parent or legal guardian
- For a girl child below 10 years of age
- Maximum two accounts per family (with limited exceptions)
Why SSY Is Popular
- Higher interest rate than most fixed-income schemes
- Government-backed safety
- Long-term compounding
- Tax benefits under Section 80C
- Tax-free maturity amount
Why People Use an SSY Calculator
Most parents search for an SSY calculator to answer questions like:
- How much will my SSY investment be worth at maturity?
- What happens if I invest monthly instead of yearly?
- Is it better to invest a fixed amount or increase every year?
- How much interest will I earn over 21 years?
- When can I partially withdraw money from SSY?
This calculator answers all of these clearly.
SSY Rules Used in This Calculator
This calculator strictly follows SSY scheme rules:
- Investment period: 15 years
- Account maturity: 21 years from opening
- Minimum investment: ₹250 per year
- Maximum investment: ₹1.5 lakh per year
- Interest rate: As notified by the Government (editable in calculator)
- Partial withdrawal: Allowed from age 18 (up to 50%)
- Maturity: Fully tax-free
Investment Frequency Supported
Yearly Investment
If you invest once a year, the calculator treats the amount as a yearly contribution.
Monthly Investment
If you invest monthly, the calculator converts it to an equivalent yearly amount while applying SSY limits.
Both methods follow the same compounding logic.
Investment Modes Supported
Most SSY calculators only support fixed investments. This one goes deeper.
Fixed Amount
Same amount invested every year for 15 years.
Increasing by 5% Every Year
Investment grows gradually, useful when income rises over time.
Decreasing by 5% Every Year
Useful if you want to front-load investments.
Custom Amount (Year-wise)
Enter different amounts for each of the 15 years.
Ideal for bonuses, irregular income, or advanced planning.
How SSY Interest Is Calculated
SSY interest is compounded yearly.
Each year:
- Your yearly investment is added
- Interest is calculated on opening balance + contribution
- Balance grows till maturity
This calculator uses simple yearly compounding logic to give realistic estimates.
SSY Formula Used (Simplified)
While SSY does not publish a public formula, maturity is calculated as:
Closing Balance = Opening Balance + Yearly Investment + Interest
Interest for each year is calculated as:
Interest = (Opening Balance + Investment) × Interest Rate
This process repeats for 21 years.
SSY Example
Suppose you invest ₹50,000 per year in SSY for 15 years at an interest rate of 8.2%.
- Total investment: ₹7.5 lakh
- Investment period: 15 years
- Account maturity: 21 years
- Maturity value: ~₹22–24 lakh (approx)
Exact values depend on interest rate changes over time.
This calculator shows the exact year-wise breakdown.
Partial Withdrawal Rules Explained
- Partial withdrawal is allowed after the girl turns 18
- Up to 50% of the balance can be withdrawn
- Typically used for higher education
The calculator highlights withdrawal eligibility in the yearly schedule.
How to Use the PlanMyReturns SSY Calculator
- Enter investment amount
- Choose yearly or monthly investment
- Enter girl child’s age
- Select start year
- Enter interest rate
- Choose investment mode
- Click Calculate
You can:
- Share your plan
- Download year-wise CSV
- Share a result image
SSY vs Other Child Investment Options
SSY vs PPF
| Feature | SSY | PPF |
|---|---|---|
| Who can invest | Girl child | Anyone |
| Maturity | 21 years | 15 years |
| Risk | Very low | Very low |
| Tax | Fully tax-free | Fully tax-free |
| Purpose | Girl child goals | General savings |
SSY vs Fixed Deposit
| Feature | SSY | FD |
|---|---|---|
| Returns | Higher | Lower |
| Lock-in | Long | Flexible |
| Tax on maturity | No | Yes |
SSY vs Mutual Funds (Education Goal)
| Feature | SSY | Mutual Funds |
|---|---|---|
| Risk | Low | Market-linked |
| Returns | Stable | Potentially higher |
| Suitability | Conservative parents | Aggressive planners |
Who Should Use This SSY Calculator
- Parents planning education or marriage expenses
- Anyone investing for a girl child
- Users comparing SSY vs PPF or FD
- Parents wanting tax-efficient long-term savings
Why PlanMyReturns SSY Calculator Is Better
- Follows official SSY limits and rules
- Supports monthly, yearly and custom investments
- Shows year-wise growth clearly
- Built for real-life scenarios
- Shareable and downloadable results
- Clean, fast and mobile-friendly
frequently asked questions
No. SSY maturity is fully tax-free.
Yes. Rates are notified quarterly by the government.
No. Excess investment does not earn interest.
It provides close estimates for planning purposes.