Sukanya Samriddhi Yojana (SSY) Calculator
Latest SSY Rate = 8.2%
Yearly investment
Girl's age
Start period
Sukanya Samriddhi Yojana (SSY) Calculator – Accurate Compound Interest Projection
The Sukanya Samriddhi Yojana (SSY) is a Government of India small-savings scheme designed to help parents build a secure, tax-free corpus for their girl child. You can invest as little as ₹250 per yearand up to ₹1.5 lakh per year, earning one of the highest government-guaranteed interest rates with full EEE tax exemption.
This calculator uses the compound interest formula (A = P(1 + r/n)^(nt)) to estimate how your yearly deposits grow. You can deposit for 15 years, while your balance continues to compound annually for 21 years — giving you an accurate projection of maturity value and interest earned.
*Interest rate used: 8.2% p.a. (Q4 FY 2024–25). The actual rate is notified by the government quarterly and may change during your SSY tenure.*
Why Use an SSY Calculator?
The Sukanya Samriddhi Yojana offers secure returns, but long tenure and yearly compounding make manual calculations tricky. This calculator instantly computes your projected maturity using the compound interest formula.
- Accurately estimate how annual deposits compound each year.
- Understand how early investment maximizes compounding.
- Evaluate the impact of different yearly deposits and start years.
How Does SSY Compound Interest Work?
The Sukanya Samriddhi Yojana compounds interest annually. Deposits are made for the first 15 years, while the account continues to earn interest for the remaining 6 years — making the total maturity period 21 years.
- Annual compounding using A = P(1 + r/n)^(n×t).
- Deposits allowed for 15 years; interest continues till year 21.
- Partial withdrawal (up to 50%) permitted after the girl turns 18.
Compound Interest Formula (Yearly Compounding)
- A — Maturity amount (principal + interest)
- P — Yearly principal deposit
- r — Annual interest rate (in decimal)
- n — Number of compounding intervals per year (1 for yearly)
- t — Number of years (deposit + post-deposit interest period)
SSY Compound Growth Examples (8.2% p.a. Annual Compounding)
| Annual Deposit (₹) | Deposit Period (Years) | Total Investment (₹) | Estimated Maturity (₹) |
|---|---|---|---|
| 25,000 | 15 | 3,75,000 | ≈ 8,40,000 |
| 50,000 | 15 | 7,50,000 | ≈ 16,80,000 |
| 1,00,000 | 15 | 15,00,000 | ≈ 33,60,000 |
| 1,50,000 | 15 | 22,50,000 | ≈ 50,40,000 |
*Calculated using compound interest formula with yearly compounding. Actual maturity depends on quarterly-notified SSY interest rates.*
Real-Life SSY Compounding Scenarios
| Parent | Girl’s Age at Start | Yearly Deposit (₹) | Deposit Period | Goal | Expected Corpus (₹) |
|---|---|---|---|---|---|
| Meera | 1 Year | 50,000 | 15 Years | Higher Education | ≈ ₹16–17 Lakh |
| Arjun | 5 Years | 30,000 | 15 Years | Tuition & Hostel | ≈ ₹10 Lakh |
| Pooja | 8 Years | 1,00,000 | 13* | Education + Marriage | ≈ ₹26–28 Lakh |
*SSY can be opened until the girl turns 10 years. Later openings shorten the deposit period but still accrue interest until 21 years from opening.*
SSY vs PPF vs Bank RD – Compound Comparison
| Scheme | Interest Rate | Contribution | Tenure | Tax Treatment | Approx. Corpus |
|---|---|---|---|---|---|
| SSY | 8.2% p.a. | ₹50,000/year | 15 yrs + 6 yrs interest | EEE (Tax-Free) | ≈ ₹16–17 Lakh |
| PPF | 7.1% p.a. | ₹50,000/year | 15 years | EEE | Lower than SSY |
| Bank RD | 6.5% p.a. | ₹4,200/month | 10 years | Interest Taxable | Significantly Lower |
*All comparisons use A = P(1 + r/n)^(n×t). SSY offers the highest compounding advantage under the EEE (Exempt-Exempt-Exempt) category.*
Build a Confident, Tax-Free Future with SSY
Use this SSY Calculator powered by the compound interest formula to map annual deposits and visualize the complete maturity value for your daughter’s education or marriage.
- Select a realistic yearly deposit and stick with it for 15 years.
- Start early for maximum compounding benefit.
- Reinvest bonuses and savings to boost your tax-free corpus.
Frequently Asked Questions
The Sukanya Samriddhi Yojana (SSY) Calculator is an online tool that helps parents estimate the maturity amount and total interest earned under the government’s SSY scheme. By entering your annual contribution, your girl’s age, and start year, the calculator projects the final maturity value using the compound interest formula A = P(1 + r/n)^(n×t).
SSY is a Government of India-backed small savings scheme designed to help parents build a tax-free corpus for their girl child’s education or marriage. It offers one of the highest interest rates among small savings schemes and provides full EEE (Exempt–Exempt–Exempt) tax benefits.
The SSY maturity amount is calculated using the compound interest formula A = P(1 + r/n)^(n×t), where P is the yearly deposit, r is the annual interest rate (currently 8.2%), n is the number of compounding intervals (1 for yearly), and t is the total number of years. Deposits are made for 15 years, and the balance continues to earn interest until the 21st year.
The Sukanya Samriddhi Yojana account matures 21 years from the date of opening. You can deposit money for the first 15 years, and the balance continues to earn annual interest until maturity.
Yes. Partial withdrawals are allowed after the girl child turns 18 years old, up to 50% of the available balance, primarily for education expenses. Full withdrawal is permitted upon maturity at 21 years.
The minimum deposit is ₹250 per year, and the maximum is ₹1.5 lakh per year. Deposits can be made once or multiple times in a financial year through cash, cheque, demand draft, or online transfer.
Yes. Sukanya Samriddhi Yojana falls under the EEE (Exempt–Exempt–Exempt) category. This means your deposits qualify for deduction under Section 80C, and both the interest earned and the maturity amount are tax-free.
SSY generally offers a higher interest rate than the Public Provident Fund (PPF) and bank recurring deposits. It also provides complete tax exemption, making it one of the best long-term saving options for girl child education or marriage planning.
The Government of India reviews and notifies the SSY interest rate every quarter. The calculator assumes a constant rate (currently 8.2%) for projection purposes, but actual maturity may vary slightly depending on official revisions.
Yes. The SSY account can be easily transferred between post offices and authorized banks anywhere in India by submitting a transfer request along with KYC documents and passbook.