| Year | Opening Balance (₹) | Deposit (₹) | Interest (₹) | Closing Balance (₹) |
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Sukanya Samriddhi Yojana Calculator is an essential financial tool for parents who want to plan long-term savings for their girl child.
The Sukanya Samriddhi Yojana (SSY) is a government-backed small savings scheme under the Beti Bachao, Beti Padhao initiative, aimed at encouraging parents to build a secure financial future for their daughters.
Since the scheme involves long-term investments and compound interest, using an SSY Calculator helps estimate maturity value accurately and simplifies financial planning.
In this article, we will explain what the Sukanya Samriddhi Yojana Calculator is, how it works, its benefits, features of the scheme, eligibility criteria, taxation, and why it is important for long-term goal planning, such as education and marriage.
Table of Contents
What Is Sukanya Samriddhi Yojana (SSY)?
The Sukanya Samriddhi Yojana (SSY) is a small savings scheme launched by the Government of India specifically for the girl child. Parents or legal guardians can open an SSY account in the name of a girl child aged below 10 years.
The scheme offers attractive interest rates, long-term compounding, and tax benefits, making it one of the best savings options for a girl child’s future.
Key Features Of SSY
- Government-backed and risk-free
- High interest rate compared to other small savings schemes
- Long-term investment with compounding benefits
- Tax benefits under Section 80C
- Partial withdrawal allowed for education
Eligibility Criteria For Sukanya Samriddhi Yojana
To open and benefit from SSY and its calculator:
- The girl child must be below 10 years at the time of account opening
- Only one account per girl child is allowed
- A family can open a maximum of two SSY accounts (exceptions apply for twins)
- The account can be opened at a post office or an authorized bank
Deposit Rules Under SSY
- Minimum deposit: ₹250 per year
- Maximum deposit: ₹1.5 lakh per year
- Deposits allowed for 15 years
- Interest continues till maturity even without further deposits
The Sukanya Samriddhi Yojana Calculator assumes regular yearly deposits while calculating returns.
Tax Benefits Of Sukanya Samriddhi Yojana
SSY enjoys EEE (Exempt–Exempt–Exempt) tax status:
- Deposits are eligible for deduction under Section 80C
- Interest earned is tax-free
- Maturity amount is fully tax-free
This makes SSY one of the most tax-efficient savings schemes in India.
Partial Withdrawal Rules
- Partial withdrawal of up to 50% of the balance is allowed
- Withdrawal can be made after the girl child turns 18 years old
- Primarily allowed for higher education or marriage
The calculator usually does not account for partial withdrawals, so returns shown are based on full maturity.
What Is A Sukanya Samriddhi Yojana Calculator?
A Sukanya Samriddhi Yojana Calculator is an online tool that helps investors estimate:
- Total amount invested
- Interest earned over the years
- Maturity value at the end of the scheme
By entering the yearly contribution and investment duration, the calculator instantly shows how your investment grows over time. This eliminates the need for complex manual calculations and helps parents plan their savings efficiently.
How Does the Sukanya Samriddhi Yojana Calculator Work?
The SSY Calculator works on the principle of annual compounding. Interest is calculated yearly on the accumulated balance and added back to the principal.
To use the Sukanya Samriddhi Yojana Calculator, you need to enter:
- Annual investment amount
- Age of the girl child
- Investment duration (up to 15 years)
- Applicable interest rate (as notified by the government)
Once these details are entered, the calculator estimates the maturity amount at the end of the scheme tenure.
Sukanya Samriddhi Yojana Interest Calculation
SSY follows compound interest, calculated annually.
- Contributions are made for 15 years
- The account matures after 21 years from the date of opening
- Interest continues to be earned even after deposits stop
The Sukanya Samriddhi Yojana Calculator automatically applies this compounding logic to give accurate results.
Example Calculation Using SSY Calculator
Let’s understand with an example:
- Annual Investment: ₹50,000
- Investment Period: 15 years
- Interest Rate: 8% per annum (example)
Total Investment = ₹7,50,000
The Sukanya Samriddhi Yojana Calculator estimates:
- Total interest earned over 21 years
- Final maturity amount, which can be significantly higher due to long-term compounding
This helps parents understand how small annual investments can grow into a substantial corpus.
Benefits Of The SSY Calculator
- Estimates the maturity amount accurately using compound interest
- Helps plan long-term goals like education and marriage expenses
- Allows comparison of different annual investment amounts
- Saves time by avoiding complex manual calculations
- Encourages early and disciplined savings for a girl child
Conclusion: SSY Calculator
The Sukanya Samriddhi Yojana Calculator is a powerful tool for parents who want to secure their daughter’s financial future. It simplifies long-term planning by providing accurate estimates of maturity value, helping families make informed decisions.
With government backing, high interest rates, and tax-free returns, SSY remains one of the best savings schemes for a girl child in India.
By using a Sukanya Samriddhi Yojana Calculator early, parents can take advantage of long-term compounding and build a substantial corpus to support their daughter’s dreams and aspirations
