Sukanya Samriddhi Yojana (SSY) Calculator
Plan your daughter’s future with the Sukanya Samriddhi Yojana (SSY), a high-interest, government-backed savings scheme. Use our SSY Calculator to estimate maturity amount, total interest, and tax-free returns instantly.
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme for girls below 10 years, allowing deposits up to ₹1.5 lakh per year. Contributions for 15 years grow tax-free and the account matures at 21, securing your daughter’s financial future with guaranteed returns.
What is Sukanya Samriddhi Yojana Calculator?
The SSY Calculator helps compute the maturity amount and earned interest for a Sukanya Samriddhi Yojana account. Enter the deposit amount, the girl child’s age (up to 10 years), and the investment start year to see the invested amount, total interest, and maturity value.
How Does SSY Calculator Work and Calculation Formula?
The SSY calculator use formula below:
A = P(1+r/n)^nt
where,
- P = Initial Deposit
- r = Rate of interest
- n = Number of years the interest compounds
- t = Number of years
- A = Amount at maturity
Example For Sukanya Samriddhi Yojana Calculation
The SSY account offers an interest rate of 8.2% p.a. Let us calculate the maturity amount after 21 years. If you deposit Rs. 50,000 each year for 21 years in the SSY account, you will get Rs 23,94,040 at maturity. The table below shows the calculations:
| Year | Opening Balance (Rs.) | Deposit (Rs.) | Interest (Rs.) | Closing Balance (Rs.) |
| 1 | 0 | 50,000 | 4,100 | 54,100 |
| 2 | 54,100 | 50,000 | 8,536 | 1,12,636 |
| 3 | 1,12,636 | 50,000 | 13,336 | 1,75,972 |
| 4 | 1,75,972 | 50,000 | 18,530 | 2,44,502 |
| 5 | 2,44,502 | 50,000 | 24,149 | 3,18,651 |
| 6 | 3,18,651 | 50,000 | 30,229 | 3,98,881 |
| 7 | 3,98,881 | 50,000 | 36,808 | 4,85,689 |
| 8 | 4,85,689 | 50,000 | 43,926 | 5,79,615 |
| 9 | 5,79,615 | 50,000 | 51,628 | 6,81,244 |
| 10 | 6,81,244 | 50,000 | 59,962 | 7,91,206 |
| 11 | 7,91,206 | 50,000 | 68,979 | 9,10,185 |
| 12 | 9,10,185 | 50,000 | 78,735 | 10,38,920 |
| 13 | 10,38,920 | 50,000 | 89,291 | 11,78,211 |
| 14 | 11,78,211 | 50,000 | 1,00,713 | 13,28,925 |
| 15 | 13,28,925 | 50,000 | 1,13,072 | 14,91,996 |
| 16 | 14,91,996 | 0 | 1,22,344 | 16,14,340 |
| 17 | 16,14,340 | 0 | 1,32,376 | 17,46,716 |
| 18 | 17,46,716 | 0 | 1,43,231 | 18,89,947 |
| 19 | 18,89,947 | 0 | 1,54,976 | 20,44,922 |
| 20 | 20,44,922 | 0 | 1,67,684 | 22,12,606 |
| 21 | 22,12,606 | 0 | 1,81,434 | 23,94,040 |
The table below shows the final amount you will receive at maturity based on different investment amounts:
| Annual Investment | Total Investment | Interest Earned | Maturity Amount (after 21 years) |
| 10,000 | 1,50,000 | 3,28,808 | 4,78,808 |
| 25,000 | 3,75,000 | 8,22,020 | 11,97,020 |
| 50,000 | 7,50,000 | 16,44,040 | 23,94,040 |
| 75,000 | 11,25,000 | 24,66,060 | 35,91,060 |
| 1,00,000 | 15,00,000 | 32,88,079 | 47,88,079 |
| 1,50,000 | 22,50,000 | 49,32,119 | 71,82,119 |
(Note: The contribution period for the SSY account is 21 years. You can not deposit during the lock-in period, but the balanced amount in your SSY account will attract annual interest in this period)
Tax Benefits Calculation of Sukanya Samriddhi Yojana
The amount deposited in the SSY account is eligible for a tax deduction up to Rs.1,50,000 per year under Section 80C of the Income Tax Act in the old tax regime. The interest you earn on the deposit and the amount withdrawn at maturity are tax-free.
Example: Your annual income Rs.8,50,0000 and you have invested Rs.1,50,000 in Sukanya Samriddhi Yojana. So, your taxable income would be calculate like this.
- Yearly Income = Rs.8,50,0000
- Standard deduction = Rs.50,000
- Deduction under Section 80C for SSY= Rs.1,50,000
- Your final taxable income would be = Rs.6,50,000
You will pay a tax of Rs.44,200. If you had not invested in Sukanya Samriddhi Yojana, you would pay a tax of Rs.75,400.
How to use Sukanya Samriddhi Yojana Calculator?
The SSY Calculator shows you the interest you have earned and the maturity amount on the SSY account. To use the Sukanya Samriddhi Yojana Calculator:
- You must enter the deposit amount up to Rs 1.5 lakh a year.
- Enter the age of the girl child in years. You can enter a maximum age of 10 years.
- Use the slider and select the investment starting year.
- You then select the duration of the investment.
- The SSY Calculator shows you the age of a girl child at the maturity of the SSY account. It also shows you the maturity year of the investment, the interest earned, and the maturity amount.
Benefits Of Using SSY Calculator
- The SSY Calculator shows the interest you have earned and also the maturity amount on the SSY account in seconds.
- The SSY account is an excellent investment to save tax. It also offers one of the highest interest rates among fixed-income investments. The SSY Calculator shows you how the SSY account may help you achieve financial goals such as a daughter’s marriage and higher education.
- You may use the SSY Calculator to determine the amount you must invest for a girl child’s education and marriage.
- The SSY Calculator is an easy-to-use calculator. It may be used from the comfort of your home or anywhere.
The SSY Calculator helps you plan smartly, showing how annual deposits grow over 15 years into a substantial, tax-free corpus at maturity. Secure your daughter’s education and marriage expenses with confidence and guaranteed returns.
Frequently Asked Questions
About the Author
CA Mohammed S Chokhawala
I'm a chartered accountant, well-versed in the ins and outs of income tax, GST, and keeping the books balanced. Numbers are my thing, I can sift through financial statements and tax codes with the best of them. But there's another side to me – a side that thrives on words, not figures. Read more
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