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Sukanya Samriddhi Yojana Calculator: Read SSY Calculator Benefits & Features
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A detailed guide on Sukanya Samriddhi Yojana (SSY) Calculator

Sukanya Samriddhi Yojana is a small savings plan, introduced by the Indian government as part of the “Beti Bachao Beti Padhao campaign” in the year 2015. It is aimed to create financial protection for the girl child enabling the parents to save for her education and marriage. It also provides additional benefits that include tax exemptions, assured returns, easy investments, etc., and exemptions for EEE interest and maturity cost. With the help of the Sukanya Samriddhi Yojana calculator, you can calculate the amount of investment and interest earned which will help you better understand the plan benefits. 

How does the SSY calculator work?

The sukanya samriddhi calculator uses the following formula to calculate the interest earned and the maturity amount, at the time of maturity. 

A= P(1+r/n)^nt

where, –

Stands for Compound Interest

P stands for Principal Amount

r stands for Rate of Interest

n stands for Number of interest compounded in a year

t stands for the number of years

You just need to enter the investment amount which you want to invest in a year, the age of the girl child, and the investment start year for the calculator to automatically provide you the approximate maturity amount and year.

Let us look at this, with an example: Mr. Raman has two kids – a boy and a girl. Ever since he came to know about the Sukanya samriddhi yojana scheme, he wanted to open an SSY account for his daughter, after 6 months of her birth. He plans to invest Rs.6500 every year, for the next 15 years, hoping the maturity corpus shall be helpful for his kid`s educational needs. Considering the interest rate as 7.6%, Raman used the SSY calculator to compute the returns. According to the formula, for a total investment of Rs.97500, the maturity amount shall be Rs. 2,85,702.

Year Yearly Investment (Rs.) Interest Earned (Rs.) Total Balanced (Rs.)
1 6500 494.04 6994.00
2 6500 1025.52 14520.00
3 6500 1597.56 22618.00
4 6500 2212.92 31331.00
5 6500 2875.20 40706.00
6 6500 3587.64 50794.00
7 6500 4354.32 61648.00
8 6500 5179.20 73327.00
9 6500 6066.84 85894.00
10 6500 7021.92 99416.00
11 6500 8049.60 113966.00
12 6500 9155.40 129621.00
13 6500 10345.20 146466.00
14 6500 11625.36 164591.00
15 6500 13002.96 184094.00
16 0 13991.16 198085.00
17 0 15054.48 213139.00
18 0 16198.56 229338.00
19 0 17429.64 246768.00
20 0 18754.32 265522.00
21 0 20179.68 285702.00

The Sukanya Samriddhi Yojana has a lock-in period of 21-years, which means, you cannot withdraw the money before maturity. Though the tenure is 21 years, investors can deposit only for the first 15 years, post which the money will compound itself till maturity. 

How SSY calculator helps you?

Investing for your daughter can be the best gift you can give her as a parent. Sukanya Samriddhi Yojana is one of the best investment plans for your girl child that ensures her future is taken care of without any financial difficulties. By using an SSY calculator, you can be sure of the returns your investment is going to fetch over the next years that will help you determine if you can achieve the target of saving for your child’s school or marriage.

So it can be said that while investing in SSY is a way to secure your daughter’s future, the SSY Calculator helps you plan for it by providing a clear illustration of your investments with appropriate calculations. 

Benefits of using Sukanya Samriddhi Yojana Calculator

The major advantages of using an SSY calculator are:

  • It is a free tool that is available for you to easily calculate the returns and maturity of your investments.
  • It helps you identify the clear rate of interest that you are going to fetch for the investment made in the SSY account.
  • You can compare the maturity and returns of the scheme by carrying the different investment amounts and calculating the appropriate returns.
  • It helps you get an idea of the income tax that it will help save every year by making investments in such a scheme. 
  • The SSY calculator helps save time drastically because of the clear calculations over the next years by showing the year of maturity, an amount at maturity, and invested amount. 


Sukanya Samriddhi Yojana Calculator Eligibility Criteria 

The following requirements must be met in order to invest in the SSY scheme: 

  • The girl must be an Indian resident
  • The age of a girl should be under 10 years of age.
  • A maximum of two SSY accounts can only be opened by a family member, and if there are twins or triplets, they can open another account.
  • The parent or guardian of the girl child must only open the account for the girl and no one else has the right to open an account in the name of the girl child.


What Documents are required for opening a Sukanya Samriddhi Yojana (SSY) Account?

The following documents are required to be submitted at the time of SSY account opening. 

  1. Daughter’s birth certificate.
  2. Proof of identity of the depositor (parent / legal guardian) – Passport, PAN card, driver’s license, or aadhaar card.
  3. Proof of domicile of the depositor (parent / legal guardian) – Passport, driver’s license, charter card, utility bill, or telephone bill.
  4. Any other additional documents requested by the competent authority must be provided in due time.


The Sukanya Samriddhi Yojana is indeed a boon for those who are looking for a disciplined way to invest for their kids, especially for a girl child. The government of India has also developed the product in such a way, that the returns generated through the scheme are completely tax exempt in the hands of the investor, so they may use the entire proceeds for the girl kid`s education or marriage expenses. With such a scheme in place, it is necessary for you to know how much to invest, returns generated, and the total maturity amount, even before starting to invest in it. It is taken care of by these calculators, and if you are looking for an SSY calculator online, many websites are available that facilitate getting the above illustration based on the credentials that you provide.

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