Sukanya Samriddhi Yojana (SSY) Calculator – Secure Your Daughter’s Future

How the Sukanya Samriddhi Yojana Calculator Works

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.

Key Features of the SSY Scheme

• Minimum annual deposit of ₹250 and maximum up to ₹1.5 lakh per year.
• Current interest rate (2025) is 8.2% p.a., revised quarterly by the government.
• Investment period: Contributions allowed for 15 years; maturity after 21 years from account opening.
• Tax benefits under Section 80C up to ₹1.5 lakh annually.
• Partial withdrawal (up to 50%) is allowed for higher education after the girl turns 18.

Formula Used in the Calculator

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

Example 1: Small Saver

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.

Example 2: Maximum Contribution

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.

Why Use the SSY Calculator?

• Get a clear estimate of how much your investment will grow over time.
• Plan contributions according to your budget and future needs.
• Compare different investment scenarios by adjusting the deposit amount.
• Make informed financial decisions for your daughter’s future goals.

Final Thoughts

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.