SSY Calculator — Quick Reference
The SSY Calculator is an online tool that calculate maturity value for Sukanya Samriddhi Yojana — annual deposits compounded till your daughter turns 21. Everything for the SSY Calculator is on this page: the interactive calculator, the formula, a worked example, step-by-step guidance, and frequently asked questions — no other pages required.
At a glance
- Main inputs
- Deposit amount
- Interest rate
- Tenure
- Main outputs
- Maturity value
- Interest earned
Direct answers
What is the SSY Calculator?
The SSY Calculator is an online tool that calculate maturity value for Sukanya Samriddhi Yojana — annual deposits compounded till your daughter turns 21.
What formula does the SSY Calculator use?
Yearly SSY deposits compound at the notified rate
How does the SSY Calculator work?
Enter yearly deposit (up to ₹1.5 lakh), current SSY interest rate, and tenure (15–21 years). Returns compound annually like PPF until maturity when the girl child turns 21.
Formula Used
The rule below is what this calculator applies. Variable definitions follow when symbols are used.
Equation
Yearly SSY deposits compound at the notified rate
Additional rules
- maturity when the account completes its 21-year tenure
Worked Example: $150,000/year SSY for 15 years at 8.2%
Sample inputs and the results this calculator produces for the scenario below.
Inputs
- Yearly Deposit
- $150,000
- SSY Rate
- 8.2% p.a.
- Deposit Period
- 15 years
Results
- Maturity (21 years)
- ~₹65–70L (illustrative)
Sukanya Samriddhi Yojana offers tax-free returns for a girl child — partial withdrawal is allowed for education after age 18.
How SSY Calculator Works
Enter yearly deposit (up to ₹1.5 lakh), current SSY interest rate, and tenure (15–21 years). Returns compound annually like PPF until maturity when the girl child turns 21.
What to enter
Use the calculator above to set your amounts, rates, and tenure. Results update as you move sliders or type values — switch currency if you are planning in USD, INR, or another supported unit.
Step-by-step
- Open the SSY Calculator and enter your amounts, rates, and time period in the input fields.
- Review the results panel — totals update instantly when you change any value.
- Compare the worked example and formula below to verify the math matches your scenario.
- Read the FAQs for common edge cases, tax notes, and planning tips specific to this calculator.
SSY — Frequently Asked Questions
Each question is answered directly below. Expand any item for the full response.
What are the main SSY contribution rules?
Sukanya Samriddhi Yojana generally allows annual deposits from Rs. 250 up to Rs. 1.5 lakh, with contribution permitted for 15 years from account opening. The account then continues until maturity, usually when the girl child turns 21.
How is SSY interest treated?
SSY interest is notified by the government and compounded annually, and the scheme currently enjoys favorable tax treatment under existing rules. Because the rate can be revised, long-range projections should use the latest notified figure carefully.
Can money be withdrawn before full maturity?
Partial withdrawal is generally allowed after the eligible age or education milestone, subject to the scheme rules and percentage limits. That makes SSY more flexible than a completely inaccessible lock-in, but it is still primarily a long-term product.
Who is SSY best suited for?
It is best suited for families planning a long-term corpus for a daughter, especially for education or future milestones. The long tenure and tax efficiency make it useful for disciplined goal-based saving.
Disclaimer
- This calculator gives you an estimate only. It is not a promise of exact results.
- This is general information, not personal financial, tax, or legal advice.
- You are responsible for your own decisions. Talk to a qualified professional when it matters.
- Banks set their own deposit rates and terms. Check with your provider.
- Indian tax and government scheme rules can change each financial year. Please confirm with official sources or a chartered accountant (CA).