SSY CALCULATOR (Sukanya Samriddhi Yojana)
Use our SSY calculator to accurately calculate Sukanya Samriddhi Yojana returns and plan your girl child’s future. This SSY scheme calculator helps you estimate the maturity amount, total interest earned, and understand how the Sukanya Samriddhi Yojana scheme can secure your daughter’s education and marriage expenses with government-backed guaranteed returns.
👧 SSY Calculator
Sukanya Samriddhi Yojana
- Government-backed savings scheme for girl children
- Account can be opened for girls up to 10 years of age
- Minimum deposit: ₹250 per year
- Maximum deposit: ₹150,000 per year
- Tenure: 21 years from account opening
- Tax benefits under Section 80C of Income Tax Act
- Current interest rate: 8.2% per annum (compounded yearly)
Key Benefits
- Higher interest rate compared to other small savings schemes
- Tax-free returns at maturity
- Partial withdrawal after age 18 for education/marriage
- Safe and secure government-backed investment
- Promotes financial security for the girl child
- Flexible deposit amounts (can vary each year)
Eligibility & Rules
- Only for girl children below 10 years
- Only one account per girl child
- Maximum two accounts per family (except for twins/triplets)
- Account can be transferred anywhere in India
- Deposits can be made for 15 years from account opening
- Account matures after 21 years or on marriage after 18
SSY Calculator - Frequently Asked Questions
What is SSY calculator?
An SSY calculator is a specialized online financial tool designed to help parents estimate the potential returns from their Sukanya Samriddhi Yojana investments. It calculates the maturity amount, total interest earned, and shows year-by-year growth based on your investment inputs, helping you make informed decisions about your daughter’s financial future.
How to use SSY calculator?
Using our Sukanya Samriddhi Yojana calculator is simple and straightforward:
Enter your planned annual deposit amount (between ₹250 and ₹150,000)
Input your daughter’s current age (must be 10 years or younger)
Provide the expected annual interest rate (current rate is 8.2%)
Click ‘Calculate’ to see detailed results including maturity value, interest earned, and an interactive growth chart
What is the current SSY interest rate 2024?
The current Sukanya Samriddhi Yojana interest rate for the financial year 2024-25 is 8.2% per annum, compounded annually. This rate is set by the Government of India and is typically reviewed and revised quarterly. The interest is calculated on a yearly basis and credited to your account at the end of each financial year.
How much SSY will mature after 21 years?
The SSY maturity amount depends entirely on your annual investment amount. For example:
With ₹50,000 annual deposit: Approximately ₹24-28 lakhs after 21 years
With ₹1,00,000 annual deposit: Approximately ₹48-55 lakhs after 21 years
With ₹1,50,000 annual deposit: Approximately ₹72-82 lakhs after 21 years
Note: These are approximate figures assuming 8.2% interest rate. Use our calculator for precise calculations based on your specific investment pattern.
What are SSY tax benefits?
Sukanya Samriddhi Yojana offers triple tax benefits under the Income Tax Act, 1961:
Investment Deduction: Contributions up to ₹1.5 lakh per year qualify for deduction under Section 80C
Interest Exemption: The annual interest earned is completely tax-free
Maturity Benefits: The entire maturity amount, including all accumulated interest, is exempt from tax under Section 10(14A)
This makes SSY one of the most tax-efficient investment options available in India.
What is the minimum and maximum investment in SSY?
Minimum Investment: ₹250 per year
Maximum Investment: ₹1,50,000 per year
Deposit Period: 15 years from account opening
Minimum Deposits: Must make at least one deposit per year for 15 years
Can I open SSY account for twin girls?
Yes, you can open separate SSY accounts for twin girls, or even for triplets. The restriction of “maximum two accounts per family” doesn’t apply in case of multiple births at once. For each girl child, a separate account can be opened regardless of the number of children in the family.
What happens if I miss a year's deposit?
If you miss depositing in a particular financial year:
The account becomes dormant
You can reactivate it by paying a penalty of ₹50 per year + the minimum required deposit of ₹250 for each missed year
Interest continues to be credited only on the available balance
It’s recommended to maintain regular deposits to maximize returns
When can I withdraw from SSY account?
Partial withdrawals are allowed under specific conditions:
After age 18: Up to 50% of balance can be withdrawn for higher education expenses
Marriage: Complete closure allowed after girl turns 18 for marriage purposes
Emergency: In case of medical emergencies, with proper documentation
Full Maturity: After completion of 21 years from account opening