SSY offers one of the highest rates among small savings schemes and is fully tax-free (EEE) under the old regime. Accounts can be opened until the girl turns 10; partial withdrawal is allowed at 18 for education.
How to use the Sukanya Samriddhi Yojana Calculator
- Girl’s age
- Yearly investment
- Interest rate
- Start year
Results update as you type, and every field accepts the units shown in its menu.
How it works
Enter the girl’s age, the yearly deposit, the interest rate and the year you start.
Tips
- Figures use the latest published rates; government scheme rates are revised every quarter.
- Choose between the old and new tax regimes carefully – deductions only count in the old regime.
- Keep proofs of investments and rent for your employer and the tax return.
- Use the official portal of each scheme for exact maturity values.
Common mistakes to avoid
- Assuming scheme interest rates are fixed for the whole term.
- Forgetting tax on interest from fixed and recurring deposits.
- Missing the yearly minimum deposit on PPF or Sukanya Samriddhi accounts.
Inputs explained
| Field | What to enter |
|---|---|
| Girl’s age | A number |
| Yearly investment | Amount in ₹ |
| Interest rate | In % |
| Start year | A number |
What each result means
- Total investment (15 years) = min([Yearly investment], 150000)×15
- Maturity value = fvc([Interest rate]÷100, 15, 0, min([Yearly investment], 150000), 1)×(1 + [Interest rate]÷100)^6
- Total interest = [Maturity value] – [Total investment (15 years)]
- Maturity year = [Start year] + 21
- Girl’s age at maturity = [Girl’s age] + 21
Example values
How the main result changes when Girl’s age changes and everything else stays at the example values above:
| Girl’s age | Maturity value |
|---|---|
| 1.5 | 7,182,119.17 |
| 2.25 | 7,182,119.17 |
| 3 | 7,182,119.17 |
| 3.75 | 7,182,119.17 |
| 4.5 | 7,182,119.17 |
| 6 | 7,182,119.17 |
Formula
Value after 15 years of deposits = deposit × ((1 + r)^15 − 1) ÷ r × (1 + r)Maturity at 21 years = value at 15 × (1 + r)^6Deposits: ₹250 to ₹1.5 lakh a yearWorked example
Inputs — Girl's age: 3; Yearly investment: ₹150,000; Interest rate: 8.2 %; Start year: 2,026.
Results — Total investment (15 years) = ₹2,250,000.00; Maturity value = ₹7,182,119.17; Total interest = ₹4,932,119.17; Maturity year = 2047; Girl's age at maturity = 24.
Frequently asked questions
What is the Sukanya Samriddhi interest rate?
8.2% p.a. in recent quarters.
How long do I have to deposit?
15 years; the account matures 21 years after opening.
Is SSY tax-free?
Yes – deposits (80C, old regime), interest and maturity are exempt.
What formula does the Sukanya Samriddhi Yojana Calculator use?
Value after 15 years of deposits = deposit × ((1 + r)^15 − 1) ÷ r × (1 + r).