Sukanya Samriddhi Yojana (SSY) calculator

Default result

Depositing ₹1,50,000 a year for 15 years at 8.2% grows to about ₹71.82 L by the time the account matures at 21 years, fully tax-free.

Rate used here: 8.2% (illustration, confirm the current notified rate).

Year-wise table

Computed from the same engine as the calculator above, using the default inputs. Figures are illustrations, not guarantees.

How to use this calculator

1. Enter the yearly deposit within the allowed SSY limits.
2. Confirm the notified interest rate and its as-of date.
3. Read deposits, interest and maturity at year 21.

Formula and worked example

You deposit for the first 15 years; the balance then keeps compounding annually at the notified rate until the account matures 21 years after opening. SSY is fully tax-free.

M = P × (1+i)⁷ × [ ((1+i)¹⁵ − 1) ÷ i ]
  P = yearly deposit   i = annual rate
Deposits are made for the first 15 years; the balance then compounds for
the full 21-year term (no deposits in years 16–21).

Worked example. ₹1,50,000/yr · 8.2% → ₹71.82 L at maturity (₹22.50 L deposited over 15 years).

Examples

Common Indian retail queries. Outputs are generated from lib/finance.js at build time.

Assumptions and limits

• Deposit made at the start of the year.
• Rate assumed constant, though revised quarterly.
• SSY is EEE: 80C deduction on the deposit, tax-free interest and maturity.
• Groww’s SSY calculator hardcodes opaque constants and ignores rate — we keep a proper rate-parameterized model.
• Rate used here: 8.2% (illustration, confirm the current notified rate).
• Deposits for 15 years; maturity at 21 years from opening.
• Interest assumed constant though notified rates are revised periodically; SSY is EEE when rules allow.

Results are illustrations. Actual outcomes depend on markets, interest rates, taxes and charges, none of which are guaranteed.

SSY calculator

Sukanya Samriddhi Yojana (SSY) is a government scheme for a girl child with tax-advantaged interest when rules allow. Depositing ₹1.5 lakh yearly for 15 years at 8.2% grows to about ₹71.82 lakh by the 21-year maturity point in this illustration. Account opening rules (age of girl, number of accounts) sit outside the maths—verify eligibility before funding. Write the sukanya samriddhi inputs you trust into your annual review note so next year’s rerun of “SSY calculator” starts from recorded figures. Keep guardian KYC current as the child approaches adulthood so maturity claims are not delayed.

SSY maturity calculator

Maturity happens 21 years after opening even though deposits stop after 15 years; the balance keeps compounding. That is why the sample maturity near ₹71.82 lakh exceeds a simple 15-year deposit total of ₹22.50 lakh. If you need money at year 18 for education, check partial withdrawal rules rather than assuming full liquidity. Keep nominations and guardian KYC updated as the child approaches adulthood. When household opinions differ on risk for sukanya samriddhi under “SSY maturity calculator”, fund the more conservative case first and treat any extra debit as optional top-ups.

Sukanya Samriddhi maturity amount

Families searching for Sukanya Samriddhi maturity amount want the rupee finish line. With full yearly deposits at 8.2%, this page shows about ₹71.82 lakh. Lower yearly deposits scale roughly with contribution; rerun with your actual budget. Do not compare SSY with equity funds on return alone—SSY offers scheme rules and notified rates, not market upside. If the sukanya samriddhi instalment for “Sukanya Samriddhi maturity amount” looks unaffordable, cut the target or add years before you inflate the assumed return unrealistically.

SSY interest rate

SSY interest rates are notified and can change across quarters. Type the rate you want to stress-test; the default illustration uses 8.2%. At that rate with ₹1.5 lakh yearly deposits, interest earned is about ₹49.32 lakh by maturity. If rates fall, future deposits earn less—revisit the plan instead of locking a mental rate for 21 years. Confirm the latest notification before you open or top up an account. After you accept the “SSY interest rate” maths, update nominees and the bank mandate—process gaps undo an otherwise sound sukanya samriddhi plan.

Frequently asked questions