Sukanya Samriddhi Yojana Calculator
Print| Total Principal Deposited (15 Yrs) | ₹0 |
| Total Compound Interest Earned | ₹0 |
The Sukanya Samriddhi Yojana Calculator (SSY Calculator) is a specialized savings tool designed for parents and legal guardians of a girl child to estimate maturity returns under the Ministry of Finance’s Beti Bachao Beti Padhao initiative. SSY offers one of the highest government-backed interest rates in India, coupled with EEE (Exempt-Exempt-Exempt) tax status under Section 80C.
With a deposit window of 15 years and a final maturity tenure of 21 years, this calculator projects total compound capital accumulated for higher education or marriage expenses.
The Sukanya Samriddhi Yojana Calculation Formula
SSY operates on a 15-year deposit window followed by a 6-year holding period where interest continues to compound annually until 21-year maturity:
1. Key Scheme Parameters
- Eligibility: Account opened in the name of a girl child below 10 years of age.
- Deposit Period: Mandatory annual deposits for 15 years from account opening.
- Maturity Period: Account matures 21 years from the date of opening.
- Current Interest Rate: 8.2% per annum (compounded annually).
- Annual Limits: Minimum deposit ₹250; Maximum deposit ₹150,000 per financial year.
2. Compound Interest Math
Maturity Corpus (FV) = Σ [ Annual Deposit * (1 + Interest Rate)^Compounding Years ]
Sukanya Samriddhi 21-Year Maturity Benchmark Table
The table below displays total accumulated maturity returns at 21 years across various annual deposit amounts (at current 8.2% Annual Interest Rate):
| Annual Deposit (₹) | Monthly Equiv. Deposit (₹) | 15-Yr Total Deposit (₹) | Total Interest Accrued (₹) | 21-Yr Tax-Free Maturity (₹) |
|---|---|---|---|---|
| ₹12,000 / yr | ₹1,000 / mo | ₹180,000 | ₹374,383 | ₹554,383 |
| ₹60,000 / yr | ₹5,000 / mo | ₹900,000 | ₹1,871,916 | ₹2,771,916 (27.71 Lakhs) |
| ₹100,000 / yr | ₹8,333 / mo | ₹1,500,000 | ₹3,119,860 | ₹4,619,860 (46.19 Lakhs) |
| ₹150,000 / yr (Max) | ₹12,500 / mo | ₹2,250,000 | ₹4,679,790 | ₹6,929,790 (69.29 Lakhs) |
Step-by-Step Sukanya Samriddhi Calculation Example
A parent opens an SSY account for their 1-year-old daughter, depositing the maximum allowable ₹150,000 at the beginning of each financial year for 15 years at an interest rate of 8.2% p.a.
Step 1: Calculate Total Outflow Over 15 Years
Total Outflow = ₹150,000 * 15 Years = ₹2,250,000
Step 2: Calculate Compounding for 15 Deposit Years + 6 Holding Years
Interest compounds annually on deposits made in Years 1–15 and continues earning 8.2% annual compound interest during Years 16–21 without fresh deposits.
Step 3: Evaluate Final 21-Year Maturity Value
Total Tax-Free Maturity Value = ₹6,929,790
Total Compound Interest Earned = ₹6,929,790 - ₹2,250,000 = ₹4,679,790
Result: Total deposits of ₹22.5 Lakhs yield a 100% tax-free maturity corpus of ₹69.30 Lakhs for the child’s future.
Frequently Asked Questions
Can money be withdrawn before 21 years for higher education?
Yes. Partial withdrawal of up to 50% of the accumulated balance is permitted after the girl child reaches 18 years of age (or passes 10th standard) to fund higher education expenses.
What happens if a parent fails to deposit the minimum ₹250 in a financial year?
If the minimum ₹250 deposit is missed, the account is categorized as “defaulted.” It can be reactivated anytime before 15 years by paying a nominal penalty fee of ₹50 per defaulted year plus the minimum ₹250 deposit.
Is SSY interest taxable?
No. Sukanya Samriddhi Yojana possesses complete EEE (Exempt-Exempt-Exempt) tax status under Section 80C. Contributions are tax-deductible up to ₹1.5 Lakhs, interest earned is tax-free, and maturity proceeds are 100% exempt from income tax.
How many SSY accounts can be opened per family?
A family can open a maximum of two SSY accounts (one for each girl child). An exception is granted allowing a third account in the case of twin or triplet girls born in subsequent births.