Sukanya Samriddhi Yojana Calculator

For the welfare of girl child, government has enrolled Sukanya Samriddhi Scheme in 2015. It is a small saving scheme under Beti Bachao Beti Padhao Campaign. The maximum age of the girl child should be 10 years to avail of the scheme. This scheme helps the child in covering range of expenses as the scheme guarantees sizable return as well as tax exemptions on the maturity amount and accrued interest. To calculate the same, we need Sukanya Samaridhi Calculator.

SSY calculator works on Compound Interest formula for computing interest rates. Here is the formula:


P is Principal Loan Amount

A is Compound Interest

N/n is Number of times interest compounds in a year

R/r is Rate of interest

T/t is Number of years

For example : Let’s say Mrs. Smita is making a yearly investment of Rs.50,000 in Sukanya Samriddhi Yojana. She makes this deposit every year for 14 years. Additionally, she does not make any withdrawals during the scheme’s tenure.

i.e : 21 years.Based on the annual deposit of Rs.50,000 for 14 years
The Sukanya Samriddhi calculator will calculate the interest earned as Rs.14,14,196 and the maturity amount as Rs.21,14,196.

How Sukanya Samriddhi Calculator works?

The Sukanya Samriddhi Calculator helps in determining the return on amount invested into the scheme. Using this tool, you can calculate the maturity amount as per the tenure. This calculator helps you a lot in planning your child future accordingly. You can plan the amount you like to contribute for the bright future of your girl child till 21 years of her age.

To use this financial calculator, you need to share your age of child when you opened SSY account, amount you are planning to invest in a year, and the starting year of investment. Once you put the required details, in a second, calculator will share with you expected return. Furthermore, calculator considers the latest interest rate on SSY to find out these figures.

Get to know about assumptions, you can try on SSY Calculator

  • If the investor is depositing same amount each year.
  • In case, no deposit is made in the SSY account from 15 th year of investment to 21st year of investment, so calculator evaluate the interest based on the previous deposit.
  • The SSY interest rate fluctuates, so as per the changing interest rate, the return on investment also changes.
  • Year deposits are calculated on 1st April of each year.
  • Monthly deposits made on 1STof each month.

Frequently Asked Questions

  • How many times one can make deposit in Sukanya Samaridhi?
    There are no limits on the number of deposits that you can make in a month or a given financial year. Thus, investors can make deposits from Rs.250 to Rs.1,50,000 in a month and multiples of Rs.100. It is one of the best investment schemes.
  • Can we open multiple Sukanya Samriddhi accounts?
    No, as per the government role, for one girl child, you can open only one Sukanya Samriddhi account
  • Can we make partial withdrawals from SSY account?
    Yes, parents can make 50 % of withdrawal from SSY account only for two reasons; if your girl child is pursuing higher education that too after 18 years. Secondly you can use the money for your child’s marriage.
  • Can an individual avail loan against SSY account?
    No, you cannot avail loan against the SSY account