Sukanya Samriddhi Yojana Calculator
Estimate maturity value after 21 years from annual deposits for up to 15 years, with annual compounding. Adjust the rate to match the latest notified SSY interest.
Per financial year, per SSY account. Minimum ₹250 and maximum ₹1,50,000 under scheme rules.
Default 8.2% is for illustration only. The government notifies SSY rates quarterly—update this field when planning.
SSY accounts are opened only for girl children who were 10 years or below at the time of opening (subject to scheme conditions).
Used to display indicative maturity calendar year: 2045 (opening year + 21 years).
Maturity value (at 21 years)
₹71,82,119
Total deposited (15 years)
₹22,50,000
Total interest (estimated)
₹49,32,119
Maturity year · return on deposits
2045 · 219.2%
Break-up of maturity value
Total deposited
₹22,50,000 • 31%
Total interest
₹49,32,119 • 69%
What is Sukanya Samriddhi Yojana (SSY)?
Sukanya Samriddhi Yojana is a government-backed savings scheme for the long-term welfare of girl children in India. It was introduced to encourage families to build a dedicated corpus for education and marriage expenses while benefiting from attractive interest and tax incentives. Accounts can be opened with authorised banks or India Post, subject to eligibility and documentation rules.
Because the scheme runs for 21 years from opening, with deposits required in a defined manner for the first 15 financial years, manual compounding is error-prone. A Sukanya Samriddhi Yojana calculator helps you see total deposits, interest, and maturity value under steady assumptions so you can align annual contributions with your goals.
How this SSY calculator helps you
- Maturity projection: See an estimated corpus at the end of the 21-year cycle from your chosen yearly contribution.
- Interest split: Compare what you put in versus what compounds over time at the rate you set.
- Planning context: Use age at opening and opening year to remember eligibility and to relate the maturity year to school or college timelines.
- Rate sensitivity: Change the interest rate when notifications change, without rebuilding spreadsheets.
How the calculation works
The tool applies annual compounding in line with common SSY calculator assumptions: for each of the first 15 years, your yearly deposit is added and then the full balance earns interest for that year. For years 16 through 21, no new deposits are added; the balance continues to compound at the same annual rate. This is a simplified model—actual post-credit timings and minimum balance rules at your bank or post office may produce small differences.
In symbols, if r is the annual rate in decimals and C is the yearly contribution, the balance evolves year by year without a single closed-form shortcut when rates are constant—exactly why an online SSY calculator is practical for most parents.
Eligibility and limits (summary)
- Account for a resident Indian girl child who met the maximum age at opening specified in the scheme (commonly up to 10 years—confirm the current circular).
- Up to two SSY accounts per family for two girls, with exceptions for multiple births in the second birth order as per rules.
- Annual deposit between ₹250 and ₹1,50,000 per account; at least one deposit per year may be required to avoid the account becoming irregular—confirm with your deposit office.
- Premature closure and partial withdrawal are allowed only under specific conditions (for example education or marriage after a certain age); read the latest scheme guidelines before relying on dates.
Tax angle (general information)
Many families use SSY under Section 80C for qualifying contributions, with interest and maturity treatment as per prevailing income-tax law. Rules can change; use this page for planning arithmetic only and confirm deductions, exemptions, and reporting with a qualified tax professional or official notifications.
Frequently asked questions
What is the current SSY interest rate?
The Government of India notifies Sukanya Samriddhi Yojana interest rates quarterly. This calculator prefills a recent rate for illustration; replace it with the current figure from official sources when you need up-to-date projections.
Why is maturity 21 years but deposits only 15 years?
Scheme design requires contributions for the first 15 years (subject to minimums), while the account remains active until completion of 21 years from opening. After the deposit phase, the accumulated amount keeps earning interest until maturity.
Can I deposit more than ₹1.5 lakh in a year in SSY?
No. The upper cap per financial year per account is ₹1,50,000 as per scheme rules. Excess amounts may be handled as per the deposit office's procedure and may not earn SSY benefits.
Is the girl's age at opening important?
Yes. Accounts are generally opened only if the girl child met age conditions at opening (not more than 10 years under standard rules). The calculator field helps you record that context; it does not change the math but supports eligibility checks.
Does this tool guarantee the exact maturity amount?
No. It uses a constant annual rate and simplified yearly compounding. Actual passbook balances depend on notification changes, deposit dates, and office-specific crediting rules.
Is the Sukanya Samriddhi Yojana calculator free?
Yes. ZeroKhata offers this SSY calculator free in the browser, with no registration required.