SSY Calculator
Estimate how your Sukanya Samriddhi Yojana savings grow over time based on official historical interest rates.
SSY Contribution Details
Min: ₹250•Max: ₹1,50,000
Age must be under 10 at the time of opening.
Investment Tenure: 15 years. Maturity: 21 years
Assuming ₹1,50,000 is invested on or before 5th April of the financial year.
Results
Total Investment
Principal invested over 15 years
Total Interest
Tax-free earnings
Maturity Value
Maturity Year: 2047
SSY Accumulation & Investment Growth
- Total Invested
- Maturity Value
About Sukanya Samriddhi Yojana (SSY) Calculator & Frequently Asked Questions
What is Sukanya Samriddhi Yojana (SSY)?
Sukanya Samriddhi Yojana (SSY) is a sovereign, government-backed small savings scheme under the 'Beti Bachao, Beti Padhao' campaign. Specially designed for parents of a girl child below 10 years of age, it offers high guaranteed returns to fund her higher education and wedding milestones. Deposits are required for 15 years, while the account compounds up to 21 years. If you are seeking a general sovereign tax-free scheme for all family members, evaluate our PPF Calculator.
Historical SSY Interest Rates & Sovereign Revision Tracker
A distinctive feature of our SSY Calculator is the historical interest rates archive tracking every sovereign rate revision since the inception of the scheme in 2014-15 (from initial highs of 9.1% to 9.2% to current competitive rates). Because the Government of India reviews small savings rates quarterly, reviewing multi-year historical trends helps parents model realistic, inflation-beating corpus expectations across the complete 21-year lifecycle.
Where and Why is it Helping?
- Highest Small Savings Yields: SSY traditionally offers one of the most competitive interest rates among government-backed savings instruments in India.
- Triple Tax Exemption (EEE): Contributions are deductible under Section 80C, annual compounding interest is tax-exempt, and the final 21-year maturity payout is 100% tax-free.
- Target-Driven Milestone Planning: Combine with our Investment Goal Calculator to evaluate how much your child's university degree will cost after accounting for education inflation.
- Hybrid Wealth Strategy: Pair guaranteed SSY deposits with an equity SIP Calculator portfolio to maximize long-term real returns for your daughter.
How to Use the Calculator
- Specify Start Details: Enter the financial year in which the SSY account was opened or is planned to be opened.
- Enter Yearly/Monthly Investment: Specify the annual contribution (minimum ₹250, maximum ₹1,50,000) or the monthly contribution amount.
- Choose Deposit Frequency: Select whether deposits are made annually (typically at the beginning of the financial year) or monthly.
- Review the Maturity Timeline: The calculator projects the account balance over the full 21-year tenure, showing contributions for the first 15 years followed by interest accumulation for the remaining 6 years.
The Formula & Example
- Interest Calculation: Interest is calculated monthly based on the lowest balance in the account between the 5th and the last day of the month. It compounds annually: A_new = A_old * (1 + i) + Deposits. After 15 years, the balance simply compounds annually without new deposits until Year 21.
- For example, if you deposit ₹1,00,000 annually at the start of the financial year for 15 years, assuming a stable interest rate of 8.2% per annum, you will invest a total principal of ₹15,00,000. Over 21 years, the calculator shows your interest earnings grow to approximately ₹29,88,800, giving your daughter a final tax-free maturity payout of around ₹44,88,800.
About Sukanya Samriddhi Yojana (SSY) Calculator & Frequently Asked Questions
What is Sukanya Samriddhi Yojana (SSY)?
Sukanya Samriddhi Yojana (SSY) is a sovereign, government-backed small savings scheme under the 'Beti Bachao, Beti Padhao' campaign. Specially designed for parents of a girl child below 10 years of age, it offers high guaranteed returns to fund her higher education and wedding milestones. Deposits are required for 15 years, while the account compounds up to 21 years. If you are seeking a general sovereign tax-free scheme for all family members, evaluate our PPF Calculator.
Historical SSY Interest Rates & Sovereign Revision Tracker
A distinctive feature of our SSY Calculator is the historical interest rates archive tracking every sovereign rate revision since the inception of the scheme in 2014-15 (from initial highs of 9.1% to 9.2% to current competitive rates). Because the Government of India reviews small savings rates quarterly, reviewing multi-year historical trends helps parents model realistic, inflation-beating corpus expectations across the complete 21-year lifecycle.
Where and Why is it Helping?
- Highest Small Savings Yields: SSY traditionally offers one of the most competitive interest rates among government-backed savings instruments in India.
- Triple Tax Exemption (EEE): Contributions are deductible under Section 80C, annual compounding interest is tax-exempt, and the final 21-year maturity payout is 100% tax-free.
- Target-Driven Milestone Planning: Combine with our Investment Goal Calculator to evaluate how much your child's university degree will cost after accounting for education inflation.
- Hybrid Wealth Strategy: Pair guaranteed SSY deposits with an equity SIP Calculator portfolio to maximize long-term real returns for your daughter.
How to Use the Calculator
- Specify Start Details: Enter the financial year in which the SSY account was opened or is planned to be opened.
- Enter Yearly/Monthly Investment: Specify the annual contribution (minimum ₹250, maximum ₹1,50,000) or the monthly contribution amount.
- Choose Deposit Frequency: Select whether deposits are made annually (typically at the beginning of the financial year) or monthly.
- Review the Maturity Timeline: The calculator projects the account balance over the full 21-year tenure, showing contributions for the first 15 years followed by interest accumulation for the remaining 6 years.
The Formula & Example
- Interest Calculation: Interest is calculated monthly based on the lowest balance in the account between the 5th and the last day of the month. It compounds annually: A_new = A_old * (1 + i) + Deposits. After 15 years, the balance simply compounds annually without new deposits until Year 21.
- For example, if you deposit ₹1,00,000 annually at the start of the financial year for 15 years, assuming a stable interest rate of 8.2% per annum, you will invest a total principal of ₹15,00,000. Over 21 years, the calculator shows your interest earnings grow to approximately ₹29,88,800, giving your daughter a final tax-free maturity payout of around ₹44,88,800.