The Sukanya Samriddhi Yojana (SSY) Calculator helps you estimate the maturity value of investments made under this government-backed small savings scheme for the girl child. By entering your yearly or monthly contribution, interest rate, and investment duration, you can get a clear picture of the future fund available for your daughter’s education or marriage.
Designed under the Beti Bachao, Beti Padhao initiative, SSY offers attractive interest rates, tax benefits under Section 80C, and guaranteed returns. This calculator enables parents to plan better by projecting how small, disciplined savings today can lead to a secure financial future for their girl child.
The Sukanya Samriddhi Yojana (SSY) Calculator is designed to help parents estimate the future maturity amount they will receive when investing in the SSY scheme for their daughter. By entering details such as the annual deposit, interest rate, and investment duration, the calculator projects the total maturity value, including principal and interest earned over the scheme tenure.
The maturity amount is calculated using the compound interest formula:
M = P × (1 + r/n)n × t
Where:
M = Maturity Amount
P = Annual Contribution
r = Interest Rate (in decimal)
n = Compounding frequency (yearly)
t = Number of years of deposit
Suppose a parent deposits ₹1,000 per month (₹12,000 per year) in the SSY account for 15 years at an interest rate of 8.2% p.a. At maturity (after 21 years), the fund will grow to approximately ₹6.9 lakhs. Out of this, about ₹1.8 lakhs will be interest earned on the deposits.
If parents invest the maximum allowed amount of ₹1.5 lakh per year for 15 years, the SSY account can grow to around ₹63 lakhs at maturity. This ensures a substantial financial cushion for the girl child’s higher education or marriage expenses.
The Sukanya Samriddhi Yojana Calculator is a powerful tool for parents to plan long-term financial security for their daughter. With guaranteed returns, government backing, and tax benefits, SSY stands as one of the safest and most rewarding investment options in India for child-focused savings. Start small today and watch your savings grow into a strong financial foundation for tomorrow.
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