Sukanya Samriddhi Yojana (SSY) Calculator

Plan your daughter's future education and marriage expenses with BharatUtility's Sukanya Samriddhi Yojana Calculator. Calculate maturity value with the highest small savings interest rate of 8.2% p.a.

Interactive Sukanya Samriddhi Yojana (SSY) Calculator
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Formula & Calculation Methodology

SSY calculates annual compounding for 21 years from account opening, with contributions made for the initial 15 years.

A = P 	imes left[rac{(1 + r)^n - 1}{r}
ight] 	imes (1 + r)

Step-by-Step Worked Example

Annual Deposit: ₹1,00,000 | Girl Age at Opening: 3 Years | Interest Rate: 8.2% p.a.

  1. Deposit Period = 15 Years | Total Principal Deposited = ₹15,00,000
  2. Growth & Compounding continues until 21 years from opening (Girl age 24)
  3. Total Interest Accumulated = ₹31,90,564
  4. Maturity Corpus for Higher Education/Marriage = ₹46,90,564
Result: Total Invested: ₹15,00,000 | Total Interest: ₹31,90,564 | Maturity Corpus: ₹46,90,564 (100% Tax-Free)

Benefits of Sukanya Samriddhi Yojana (SSY)

Sukanya Samriddhi Yojana (Beti Bachao, Beti Padhao initiative) offers the highest interest rate among all Indian sovereign retail schemes at 8.2% p.a.

Deposits can be made from the birth of a girl child up to 10 years of age. Contributions are required for 15 years, while the account matures after 21 years.

Frequently Asked Questions

Who is eligible to open an SSY account?

Parents or legal guardians of a resident Indian girl child who is below 10 years of age can open one account per girl child (maximum 2 accounts per family).

What is the deposit limit in Sukanya Samriddhi Yojana?

The minimum annual deposit is ₹250, and the maximum ceiling is ₹1,50,000 per financial year under Section 80C.

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