Sukanya Samriddhi Yojana Calculator 2025

How does SSY Calculator Work?

The maturity term for a Sukanya Samriddhi Yojana (SSY) account is set at 21 years. To keep the account active for the first 14 years, at least one contribution per year is required. Once this 14-year period of contributions is completed, no further deposits are necessary until the end of the 21-year term, although contributions are still allowed if desired. Any funds already in the account continue to accrue interest based on the current SSY rate, so the final maturity amount consists of the total contributions plus accumulated interest.

The SSY calculator uses a compound interest formula to estimate maturity values: 

A = P (1 + r/n) ^ nt 

where: 

1. A = Maturity amount 

1. P = Principal or initial deposit 

1. r = Annual interest rate 

1. n = Number of times interest compounds per year 

1. t = Number of years 

This formula provides a reliable projection for the final amount, helping investors adjust their deposits as needed to reach their savings goals. 

Benefits of SSY Calculator 

The following are the key benefits of SSY calculator: 

1. This online SSY calculator is provided free of cost and offers error-free result 
2. Provides results in few seconds 
3. Can be multiple times 
4. No user information required except the those that are mentioned in the form 
5. For higher accuracy, calculations are done based on current SSY interest rates 

1. The SSY calculator is up to date and updates automatically as per the any changes in the scheme 
2. Sukanya Samriddhi Yojana calculator works efficiently on all devices 

Advantages of Sukanya Samriddhi Yojana Calculator

There are numerous advantages to the Sukanya Samriddhi Yojana calculator and they are:

1. It allows you to know exactly what you will get as the maturity value when the account matures.
2. If you have set it up in an excel sheet then you can put in what you intend to invest in the current and see how it will affect the maturity value.
3. You can even set up the calculator to calculate the maturity value based on monthly or yearly investments.
4. If configured correctly, the Sukanya Samriddhi Yojana calculator can be extremely accurate.
5. It can eliminate the mistakes that can creep in if you calculate the maturity value manually.
6. You can change the amount you plan on investing at any time and still get the maturity value in seconds.

Who Can Use This Calculator? 

The following are the conditions under which guardian can open SSY account for a girl child: 

1. For two girl children in the family, up to two SSY accounts can be opened 

1. The depositor or the girl child must be Indian citizen 
2. The upper age limit of the girl child should be 10 years 

Documents Required to Start the Sukanya Samriddhi Yojana Scheme 

The following are the relevant documents that the legal guardian must submit to start the deposit scheme: 

1. Birth certificate of the girl child 

1. Dully filled account opening form with all relevant details of the girl child and accountholder 
2. Under single birth order, in case of birth of multiple children medical certificate should be submitted 
3. Valid address proof and identification document of the depositor 

Method to Use Sukanya Samriddhi Yojana calculator

Once the individual has met the eligibility of Sukanya Samriddhi Yojana, the age of the girl child and the amount of investment that must be made should be provided in the calculator. The minimum and maximum amount that can be invested towards the scheme are Rs.250 and Rs.1.5 lakh, respectively.

Earlier, the minimum contribution was Rs.1,000. However, the Indian Government reduced the minimum contribution to Rs.250 in July 2018.

What Details Does the SSY Calculator Show?

Depending on the details that are provided by the individual, the calculator shows the year the scheme matures, the interest rate that was used, and the maturity value.

An example of the details shown by the Sukanya Samriddhi Yojana calculator is shown below:

Assumptions:

1. Yearly deposit: Rs.1,50,000
2. Rate of Interest: 7.6%

How Can SSY Calculator Be Helpful? 

For parents investing in their daughter's future education or marriage, a Sukanya Samriddhi Yojana (SSY) calculator is an effective tool for estimating potential returns and simplifying planning. The SSY scheme, with its high-interest rate and tax benefits, is a popular choice for such investments. Contributions to an SSY account qualify for tax exemption up to ₹1.5 lakh annually under Section 80C of the Income Tax Act, 1961, and both the interest earned and the maturity amount are tax-free. 

An SSY calculator allows users to accurately project the maturity amount, making it easier to adjust their contributions and reach a desired savings goal. This calculator offers a straightforward way to handle the long-term nature of the SSY investment without the need for time-consuming manual calculations, which may lead to errors. Using it, investors can try various contributions to see how they affect the final corpus and adapt their financial planning accordingly. 

Some key benefits of using an SSY calculator include: 

1. Showing the account's maturity date 

1. Displaying the expected maturity amount based on contributions and interest 

1. Helping to strategically plan and diversify your investment portfolio 

Since the SSY requires an annual minimum contribution to keep the account active, this calculator also assists in ensuring that the account remains in good standing for the entire investment term. It’s free to use and can be accessed online, allowing users to model different scenarios with ease. 

What Happens After SSY Maturity?

1. The account matures on completion of 21 years from the date of creation of the account. The complete maturity amount along with the interest accrued can be withdrawn on maturity.
2. If the girl, for whom the account was opened, gets married before the completion of the maturity period, she can withdraw the balance amount, provided she is 18 years old at the time of such withdrawal. The girl has to produce an affidavit that states that she is 18 years of age at the time of withdrawal.
3. If the girl attains the age of 18 and gets married before the completion of 14 years of the term, the account cannot be operated. Further deposits to the account cannot be made even if the mandated deposited were not made earlier.
4. The girl child is the only authorized person who can withdraw the maturity amount. She is required to submit the passbook and the Sukanya Samriddhi Yojana withdrawal slip to make the withdrawal.
5. If the girl gets married after attaining majority and withdraws 50% of the amount for the purpose of marriage, she may choose not to close the account. Though further deposits cannot be made, the balance amount will earn interests until the completion of the 21-year term.

How Can I Use the Corpus Accumulated from SSY Contributions? 

The corpus accumulated can be withdrawn from SSY account on maturity after producing valid ID proof, residential proof, withdrawal application form, and documents of citizenship. The following are the ways in which you can use the corpus accumulated after SSY contributions: 

1. Corpus can used for higher education and can be withdrawn after the girl child reached 18 years and cleared 10th standard 

1. The amount can be used to pay admission fees only 
2. Fee receipt and university admission documents should be submitted to use the corpus 
3. The corpus can also be used prematurely for marriage, provided the girl reached 18 years of age 

Limitations of Sukanya Samriddhi Yojana Calculator

Even though the Sukanya Samriddhi Yojana calculator is very convenient and useful, there are some things that work against this calculator:

1. If it is not configured correctly, it can provide incorrect values.
2. Even though the government has provided a cap of Rs. 1.5 lakh the calculators don't limit the annual investments so if you enter an investment of more than Rs. 1.5 lakh, it will still calculate a maturity value.
3. Since the calculator is configured manually, you will have to enter the Sukanya Samriddhi Yojana interest rate every time that it changes in the future.