What is a Sukanya Samriddhi Yojana Calculator?
A Sukanya Samriddhi Yojana (SSY) calculator estimates the maturity amount of an SSY account opened for your daughter. Enter your yearly deposit, your daughter's age and the current interest rate to see the total amount she will receive when the account matures.
SSY is a government savings scheme for the girl child that offers one of the highest fixed interest rates among small savings schemes, with fully tax-free interest and maturity.
How to use the Sukanya Samriddhi Calculator
- 1Enter your yearly investment (₹250 to ₹1.5 lakh).
- 2Enter your daughter's current age (the account can be opened until she turns 10).
- 3Enter the SSY interest rate (8.2% at the time of writing).
- 4Choose the start year and see the maturity value and maturity year.
Sukanya Samriddhi Calculation Formula
Balanceₜ = (Balanceₜ₋₁ + Depositₜ) × (1 + r)
- Depositₜ
- — Yearly deposit for years 1–15, and zero for years 16–21
- r
- — Annual SSY interest rate ÷ 100
Deposits are made for 15 years; the account matures 21 years after opening and keeps earning interest in between.
Example: ₹1.5 lakh a year at 8.2%
| Total invested (15 years) | ₹22,50,000 |
|---|---|
| Total interest (tax-free) | ₹49,32,119 |
| Maturity value (after 21 years) | ₹71,82,119 |
Sukanya Samriddhi Yojana rules
- Account can be opened for a girl child below 10 years of age; up to two accounts per family (three for twins/triplets).
- Deposits for 15 years, between ₹250 and ₹1.5 lakh a year.
- Maturity 21 years from the date of opening.
- Partial withdrawal of up to 50% for higher education after she turns 18 or passes Class 10.
- Tax benefits — EEE: Section 80C deduction (old regime), tax-free interest and maturity.
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Results from this calculator are estimates based on the inputs and assumptions you enter. They are for information and education only and are not financial, tax or investment advice.