Sukanya Samriddhi Yojana Calculator

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What is SSY Calculator	How does SSY Calculator Work	Key Aspects of SSY Calculator	Who Can Use SSY Calculator
Maturity Value Calculation	SSY Account Calculation	SSY Account Providers	Benefits of Using SSY Calculator
How Can I Use the Corpus Accumulated From SSY Contributions	Mode of Payment	Sukanya Samriddhi Yojana Closure on Maturity	FAQs

What is Sukanya Samriddhi Yojana Calculator

The Sukanya Samriddhi Yojana calculator or SSY calculator is a valuable online tool that can help you estimate the interest and maturity amount that you can expect depending on your annual contributions and the prevailing interest rate. It is free, convenient and generates error-free results.

The SSY calculator lets you enter the amount of deposit, age of the girl child up to 10 years and the starting year of investment. Thus, it lets you plan the amount of investment that you need to make to reach your desired maturity value and return on investment.

Key Aspects of SSY Calculator

Here are some points covered under the working of the calculator which defines a method to use the calculator and how it works:

• To perform the calculation, one must provide the age of the girl child and the amount of contribution made
• Minimum amount of contribution towards the scheme is Rs. 250
• Maximum amount of contribution is Rs. 1,50,000
• 21 years is the maturity period of the scheme

How does Sukanya Samriddhi Yojana Calculator Work

After the provision of all the required details, the calculator determines the value which will be sanctioned on maturity. In order to perform the process effectively, at least 1 contribution in a year for 14 years is mandated.

• It is assumed that the individual is contributing the same amount every year
• From 15th to 21st year, no contributions are required to be made. And, Interests are calculated on the basis of previous contributions made during the scheme period
• The interest generated while providing the final amount is considered by the calculator

Who Can Use SSY Calculator

Given below are a few key ways how an SSY calculator can help you:

• To know the amount of investment you should make: You can use the Sukanya Samriddhi Yojana calculator to find out the amount of investment that you need to make every year in order to reach a particular financial goal or maturity value at the end of the scheme tenure.
• To calculate the interest earned on your investment: You can also use an SSY calculator to find out the amount of interest that you would earn on your investment.
• To find out the maturity amount in case you make the withdrawal once the girl child turns 18 years old: You can also use the calculator to know the amount of money that you would be eligible to receive in case you make the withdrawal once the girl child turns 18 years old. The amount of money that you receive in this case mainly depends on how young the girl child was when you opened the SSY account. the investments made and the SSY interest rate.
• To know the maturity amount in case you withdraw the amount after 21 years of investment: You can also use the SSY calculator to find out the maturity amount after 21 years of investing in the SSY scheme. This can help you plan your financial goals as well as the amount of investment that you need to make every year to meet those goals.

Calculation of Maturity Value

Here is a calculation of maturity value keeping the monthly and yearly contribution constant. Assumptions made for the calculation are-

• Rate of Interest throughout the 21 years of scheme period is 8.2%
• Monthly contributions are made on the 1st of every month
• Yearly contributions are made every year on the 1st of April
• The amount for monthly and yearly contribution is fixed
• No withdrawals are made throughout the 21 years of scheme period

Calculation Formula

Since Sukanya Samriddhi Yojana is a long-term investment, there are certain compounding benefits which are available for the applicants. The formula used to calculate the related amount is-

A=P(1+r/n)^nt

In this formula,

• A= Compound Interest
• P=Principal Amount
• r=Rate of Interest
• n=The number of times interest is compounded in a year
• t=number of years

Overview of SSY Account Calculation

Please note: The calculation below is on the basis of current Sukanya Samriddhi Yojana interest rates of 8.2%. 

Here is a tabular representation of the amount which the applicant receives after completion of the 21 year scheme tenure-

Amount (Yearly)	Amount (15 Years)	Maturity Amount (21 Years)
1000	15000	47,881
2000	30000	95,762
5000	75000	2,39,404
10000	150000	4,78,808
20000	300000	9,57,616
50000	750000	23,94,040
100000	1500000	47,88,080
125000	1875000	59,85,099
150000	2250000	71,82,119

Calculation with Rs. 1,000 Contribution (Yearly)

Please note: The calculation below is on the basis of the current SSY interest rates of 8.2%. 

• Fixed Interest- 8.2 %
• Tenure- 15 years
• Payment Frequency- Annually

Year	Opening Balance (Rs.)	Deposit (Rs.)	Interest (Rs.)	Closing Balance (Rs.)
1	0	1000	82.00	1082.00
2	1082.00	1000	170.72	2252.72
3	2252.72	1000	266.72	3519.45
4	3519.45	1000	370.59	4890.04
5	4890.04	1000	482.98	6373.03
6	6373.03	1000	604.59	7977.61
7	7977.61	1000	736.16	9713.78
8	9713.78	1000	878.53	11592.31
9	11592.31	1000	1032.57	13624.88
10	13624.88	1000	1199.24	15824.12
11	15824.12	1000	1379.58	18203.69
12	18203.69	1000	1574.70	20778.40
13	20778.40	1000	1785.83	23564.23
14	23564.23	1000	2014.27	26578.49
15	26578.49	1000	2261.44	29839.93
16	29839.93	0	2446.87	32286.80
17	32286.80	0	2647.52	34934.32
18	34934.32	0	2864.61	37798.94
19	37798.94	0	3099.51	40898.45
20	40898.45	0	3353.67	44252.12
21	44252.12	0	3628.67	47880.79

Result:

• Total Amount Deposited- Rs. 15,000
• Amount after maturity- Rs. 47,881
• Interest Earned- Rs. 32,8801
  

Calculation with Rs. 5000 Contribution (Yearly)

Please note: The calculation below is on the basis of current SSY interest rates of 8.2%. 

• Fixed Interest- 8.2%
• Tenure- 15 years
• Payment Frequency- Annually

Year	Opening Balance (Rs.)	Deposit (Rs.)	Interest (Rs.)	Closing Balance (Rs.)
1	0	5000	410.00	5410.00
2	5410.00	5000	853.62	11263.62
3	11263.62	5000	1333.62	17597.24
4	17597.24	5000	1852.97	24450.21
5	24450.21	5000	2414.92	31865.13
6	31865.13	5000	3022.94	39888.07
7	39888.07	5000	3680.82	48568.89
8	48568.89	5000	4392.65	57961.54
9	57961.54	5000	5162.85	68124.38
10	68124.38	5000	5996.20	79120.58
11	79120.58	5000	6897.89	91018.47
12	91018.47	5000	7873.51	103891.99
13	103891.99	5000	8929.14	117821.13
14	117821.13	5000	10071.33	132892.46
15	132892.46	5000	11307.18	149199.64
16	149199.64	0	12234.37	161434.02
17	161434.02	0	13237.59	174671.60
18	174671.60	0	14323.07	188994.68
19	188994.68	0	15497.56	204492.24
20	204492.24	0	16768.36	221260.60
21	221260.60	0	18143.37	239403.97

Result:

• Total Amount Deposited- Rs. 75,000
• Amount after maturity- Rs. 2,39,404
• Interest Earned- Rs. 1,64,404

Sukanya Samriddhi Yojana Account Providers

The Reserve Bank of India has approved the following banks as the providers of SSY:

1. HDFC Bank	2. Axis Bank	3. Punjab National Bank
4. Canara Bank	5. Union Bank of India	6. ICICI Bank
7. Central Bank of India	8. IDBI Bank	9. Canara Bank
10. Indian Bank	11. State Bank of India	12. Bank of Maharashtra
13. Punjab & Sind Bank	14. Indian Overseas Bank	15. UCO Bank
16. Bank of India	17. Bank of Baroda

Apart from the aforementioned banks, application forms for Sukanya Samriddhi Yojana scheme can be availed from post offices. Also, Applicants who are interested must download their respected forms and submit all the required documents to get enrolled for the scheme.

Benefits of Using SSY Calculator

The applicants of Sukanya Samriddhi Yojana can use the SSY calculator to evaluate the maturity amount at the end of the scheme tenure. The calculator helps to compute how much savings can be accrued with the scheme.

• Enables the applicants to evaluate the amount which gets credited after maturity
• Allows the applicants to view maturity value according to monthly as well as yearly basis
• Eliminates the mistakes that are carried out during manual calculations

In order to use the SSY Calculator, one must fulfill all the eligibility conditions stated for the scheme-

• The age of girl child must not exceed 10 years
• The girl should be a resident of India

How Can I Use the Corpus Accumulated From SSY Contributions

• On maturity, the entire accumulated corpus can be withdrawn by the girl child by producing the withdrawal application form along with proof of identity, address and citizenship documents.
• The girl child can withdraw the corpus to meet her higher education expenses, provided she has cleared 10th Standard and reached 18 years of age. The accumulated amount can only be withdrawn to meet fee and admission charges. Moreover, documentary evidence has to be provided such as University admission documents and fee receipts in order to prove that the amount is being utilized solely for educational purposes.
• Premature withdrawal to meet marriage expenses is also permitted, provided the girl is 18 years or above. The girl needs to produce an affidavit that states she is a major.

Modes of Making Deposits into SSY Account

As specified, the applicant is required to make a minimum deposit of Rs. 250/- every year till 14 years in the Sukanya Samriddhi Account. One can deposit the contribution through any of the modes mentioned below-

• Cash
• Cheque
• Demand Draft
• E-Transfer in the concerned bank or post-office (if available)

The depositor must sign & state the name and account number of the beneficiary while providing the instrument of deposit. If the mode of deposit is cheque or demand draft, the date on which amount is credited to the account will be the date of encashment. However, if the mode of deposit is E-Transfer, the date of deposit will be the date of encashment.

Sukanya Samriddhi Yojana Closure on Maturity

• The Sukanya Samriddhi Yojana account matures after 21 years from the date of account opening or in case the girl marries after turning 18 years old, whichever is earlier.
• Withdrawals from SSY account can be made once the girl reaches the age of 18 or successfully clears 10th standard. Moreover, in this case withdrawals up to 50% of the balance at the end of the preceding financial year can be made.

FAQs on Sukanya Samriddhi Yojana Calculator

Q. Who is eligible for a Sukanya Samriddhi Yojana Account?

Ans. All girl children aged below 10 years of age are eligible for an SSY account.

Q. How many accounts can be created under SSY?

Ans. A girl child can only have one SSY account. Moreover, parent or legal guardians can only open a maximum of 2 SSY account for their girl children. However, there may be some exceptions in case of twins or triplets.

Q. What is the minimum amount required to open an SSY account?

Ans. You can open an SSY account with a minimum initial contribution of Rs. 250. You also have to make a minimum annual contribution of Rs. 250 to keep the account active.

Q. What is a Sukanya Samriddhi calculator?

Ans. The Sukanya Samriddhi Yojana calculator is a utility tool that helps you calculate the interest earned and maturity amount on the SSY account. You are usually required to enter the deposit amount, the girl child’s age and the starting year of investment in the formula box. The calculator then shows you the maturity amount along with a break-up of total interest and invested amount.

Q. What information do I need to use the calculator?

Ans. To use the SSY calculator, you simply have to enter the deposit amount, girl child’s age and the starting year of investment.

Q. Is the SSY calculator accurate?

Ans. SSY calculations involve involve compound interest, which may be complex if carried out manually. The SSY calculator eliminates the risk of errors and provides accurate results. It is up-to-date with prevailing Sukanya Samriddhi Yojana interest rates and scheme changes.

Click to know the latest Sukanya Samriddhi Yojana interest rate 2025 and Sukanya Samriddhi Yojana details

Q. Who can use the Sukanya Samriddhi Yojana calculator?

Ans. Anybody who wishes to invest in this scheme- parents or legal guardians of eligible girl children, can make use of this calculator before investing into the scheme to find out the amount of investment that they would need to make during the scheme tenure to arrive at the desired maturity amount, to know the amount of interest they can earn and the maturity amount if they make the withdrawal once the girl child turns 18 or at the end of the scheme tenure, that is, after 21 years of account opening.

Click to find out more about the Sukanya Samriddhi Yojana Eligibility Criteria

Q. How to create Sukanya Samriddhi Yojana calculator in excel?

Ans. You can use an excel sheet to create the SSY calculator of your own and modify all details accordingly to get the accurate result. As SSY offers compound interests, your can use the compound interest formula to calculate the maturity benefits.
If there are varying yearly contributions, you can calculate the interest earned for each year and add all proceeds to calculate the exact maturity amount.

Q. What happens when I do not make any deposits in a year?

Ans. In case you fail to make a minimum deposit of Rs. 250 in a financial year, your SSY account will be rendered inactive. However, you can revive your account by paying a penalty of Rs. 50 along with the minimum deposit.

Q. What is the maximum amount that I can deposit in a year?

Ans. The maximum amount that you can deposit in your SSY account in a financial year is Rs. 1.5 lakh.

Q. How long do I need to contribute to my SSY account?

Ans.  You can make deposits in your SSY account till the completion of a period of fifteen years from the date of opening of the account.

Q. What is the deposit for SSY after 15 years?

Ans. SSY account has a maturity period of 21 years. You need to make deposits for the first 15 years. For the remaining 6 years, you cannot make further deposits. However, the existing balance in your account will continue to earn interest during this period.