Sukanya Samriddhi Yojana Calculator

Yearly Investment


Girl's age

10 yrs

Start period


Sukanya Samriddhi Yojana Calculator – An Overview

The Sukanya Samriddhi Yojana, often known as SSY, is a government-sponsored savings programme for young girls. The programme was introduced as a component of the government's major Beti Bachao, Beti Padhao campaign, which aims to improve the future of female children. In comparison to traditional savings plans, the Sukanya Samriddhi Yojana interest rate for 2022 is high and it also offers very generous tax advantages. The Sukanya Samriddhi Yojana calculator or SSY calculator may be used to estimate the return on investment for people who want to create and contribute to an SSY account in order to prepare the future of their female child. In this post, you will study the basics of the Sukanya Yojana (SSY) and discover how to utilize the calculator to make better financial plans for your female child.

Sukanya Samriddhi Yojana Calculator

The returns on the money invested in the Sukanya Samriddhi plan are calculated using this calculator. You may then prepare for your child's future by calculating the maturity amount according to the tenure.

You must enter pertinent data into this tool, including the child's age, the annual contribution amount, and the year that investments were first made. The calculator then evaluates this information to determine the investment's interest rate, maturity year, and maturity amount.

Additionally, this calculator determines these numbers using the most recent interest rate.

The formula for Sukanya Samriddhi Yojana calculator is:

A= P(1 + r/n) ^ nt


A means Interest earned

P refers to Principal investment amount

r denotes rate of interest (7.6% as of now)

n = times the compounding takes place in a year

t = investment time period

Sukanya Samriddhi Yojana Calculator (FAQs)

The SSY calculator calculates how much money the individual will get upon maturity based on the information they submit. The plan's maturity span is 21 years.

Individuals must contribute at least once per year until they reach the age of 14 in order to avoid penalties. The calculator will be presuming that an annual deposit of the same amount is made.

Between years 15 and 21, no deposits are necessary. Individuals will, however, continue to receive interest on their prior donations throughout this time. When calculating the final sum, the calculator also takes interest into account.

The Sukanya Samriddhi Yojana has a 21-year lock-in term. A depositor's account must also remain open for 14 years by making at least one investment each year. The annual minimum donation is Rs. 250. Additionally, the maximum investment for a financial year is Rs. 1,50,000.

One might opt not to make any deposits into the SSY account until the 21st year after the investment, starting in the 15th year. The Sukanya Samriddhi Yojana account will carry over the previous investments' interest earnings at the current rate. The total of the interest generated and net investments is hence the scheme's eventual maturity amount.

The main benefits of using this calculator are:
  • In only a few seconds, the calculator calculates both the maturity amount and the interest that an investor will get.
  • By successfully removing any mistakes made during human calculations, the SSY calculator assists you in determining precise values.
  • It aids you in calculating the investment's maturity value based on both annual and monthly payments.
  • You may use this calculator to organise your money and reach financial objectives for your female kid, such as funding her marriage, higher education, and medical care.
  • You may use our user-friendly online calculator from the convenience of your home.

There are no restrictions on how many deposits you may make in a given month or fiscal year. Investors can therefore deposit amounts between Rs. 250 and Rs. 1,50,000 as well as multiples of Rs. 100 every month.

Reach out to our Experts if you have any Doubts

Like the best things in life, Consultations @InvestKraft are free

Drop a Mail or give us a Missed Call & Begin your Investment Journey here