Sukanya Samriddhi Yojana (SSY) Calculator
Sukanya Samriddhi Yojana (SSY) Calculator instantly calculates the maturity amount, total interest earned, and total investment value for your daughter’s future. Enter the annual investment amount, the girl child’s age, and the investment start year to calculate SSY returns based on the latest interest rates.
Sukanya Samriddhi Yojana is a government-backed savings scheme offering tax-free returns and guaranteed growth for girl children below 10 years. The calculator helps parents plan future expenses like education and marriage with ease while understanding the long-term benefits of disciplined savings.
What is SSY Calculator 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 15 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
Since SSY is eligible for deduction under section 80C, investments in the scheme can reduce your taxable income up to ₹1.5 lakhs. The following is an illustration for tax savings under SSY under the old regime.
| Particulars | Income and Tax Calculation (With SSY deduction) | Income and Tax Calculation (Without SSY deduction) |
| Gross Salary | 15,00,000 | 15,00,000 |
| Standard Deduction | 50,000 | 50,000 |
| Net Salary | 14,50,000 | 14,50,000 |
| Investment deduction under SSY | 1,50,000 | - |
| Taxable income | 13,00,000 | 14,50,000 |
| Tax Liability (Including cess) | 2,10,600 | 2,57,400 |
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:
- Step 1: Enter the Yearly deposit amount up to Rs 1.5 lakh a year.
- Step 2: Enter the age of the girl child in years (maximum age of 10 years).
- Step 3: Enter the investment starting year.
The SSY Calculator shows:
- Total Investment
- Interest Earned
- Maturity Amount
- Maturity year
- Girl Age at Maturity
Benefits of Using an SSY Calculator
- The SSY Calculator helps you quickly estimate the maturity amount, total deposits, and interest earned on your SSY account without manual calculations.
- It gives parents a realistic idea of how yearly investments can grow over time through compounding, making long-term financial planning easier.
- The calculator helps investors plan contributions within the ₹250 - ₹1.5 lakh yearly investment limit allowed under the scheme.
- Since the government periodically revises SSY interest rates, the calculator provides updated estimates based on latest rate.
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
REPAKA PAVAN ADITYA
I manifest my zeal in financial quantitative & quantitative research and have been instrumental in creating a robust process for the evaluation and monitoring of mutual funds. I’m responsible for Equity and Mutual Funds Research while creating instrumental mathematical models for portfolio construction after evaluating funds, and I play an integral role in analyzing changes in mutual funds, micro, and macro-economic indicators, and equity market events and trends. My views on asset classes which are integral in creating an investment strategy for any profile. Read more
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