Total Invested Amount
₹ 22,50,000
Total Interest Earned
₹ 46,71,320
Maturity Value (at 21 Years)
₹ 69,21,320
About the Sukanya Samriddhi (SSY) Calculator
Our free Sukanya Samriddhi Yojana (SSY) Calculator helps parents and legal guardians compute the total maturity corpus, guaranteed annual compound interest, and year-by-year financial growth for their girl child's savings account.
How SSY Interest and Maturity Are Calculated
Sukanya Samriddhi Yojana is a government-backed small savings scheme designed to encourage savings for a girl child's education and marriage:
$$\text{Interest Earned} = (\text{Opening Balance} + \text{Yearly Deposit}) \times \left(\frac{\text{Annual Interest Rate (\%)}}{100}\right)$$
- Deposit Period: Contributions are required for the first 15 years from the date of account opening.
- Maturity Period: The account matures fully upon the completion of 21 years from the opening date.
How to Use the Calculator
Simply enter your savings parameters or adjust the interactive range sliders:
- Yearly Investment: The annual amount deposited (subject to a minimum of ₹250 and a maximum of ₹1.5 Lakhs per financial year).
- Girl's Age: The current age of the beneficiary child (eligible up to 10 years of age).
- Annual Interest Rate: The prevailing government-notified interest rate.
Click the Calculate button to instantly view your total invested principal, cumulative interest earned, maturity corpus, and the complete year-wise growth breakdown table.
Frequently Asked Questions (FAQs)
Are SSY deposits and maturity tax-free?
Yes, Sukanya Samriddhi Yojana enjoys an Exempt-Exempt-Exempt (EEE) tax status. Deposits up to ₹1.5 Lakhs qualify for Section 80C deductions, and both the accumulated interest and maturity proceeds are entirely tax-free.
Can partial withdrawals be made from an SSY account?
Yes, partial withdrawals up to 50% of the accumulated balance at the end of the preceding financial year are permitted once the girl child attains 18 years of age or passes the 10th standard for higher education expenses.
What happens if minimum annual deposits are not made?
If the mandatory minimum deposit of ₹250 is not made in a financial year, the account becomes defaulted, but it can be revived with a penalty of ₹50 per year of default plus the minimum deposit arrears.
