Launched in January 2015 as part of the Government of India’s Beti Bachao, Beti Padhao initiative, the Sukanya Samriddhi Yojana (SSY) is one of the most trusted and high-return small savings schemes for girl children in India. It offers tax-free, guaranteed returns, making it a popular choice among Indian parents.
To help you plan better, Financial Guruji presents a free SSY Calculator that lets you estimate the maturity amount you can receive by the end of the investment period. It removes the hassle of manual calculations and gives you a clear picture of your savings journey — instantly!
Whether you’re a new parent or already saving, this tool helps you make smarter decisions for your daughter’s future education, marriage, or career dreams.
Who Can Use This Calculator?
- Parents or legal guardians of a girl child below 10 years
- Individuals who want to plan their daughter’s higher education or marriage
- Financial advisors planning for clients
- Anyone exploring long-term tax-saving investments with guaranteed returns
No technical knowledge required — it’s 100% user-friendly and mobile responsive!
How Can an SSY Calculator Help You?
Our SSY Calculator simplifies complex calculations and helps you:
- Estimate the maturity amount
- Understand the power of compounding over 21 years
- Plan your annual or monthly contributions
- Make smart decisions about how much to invest yearly
- Compare with other savings schemes
By knowing the final amount in advance, you can plan your child’s future with confidence.
How Does The SSY Calculator Work?
The Sukanya Samriddhi Yojana Calculator uses the following parameters:
- Yearly Deposit Amount: How much you plan to invest annually
- Investment Duration: Maximum of 15 years (as per SSY rules)
- Interest Rate: Updated regularly by the government (currently ~8.2%)
- Maturity Period: 21 years from the date of account opening
It applies the compound interest formula as per SSY guidelines and shows the total investment, interest earned, and final maturity amount.
How to Use Financial Guruji SSY Calculator Online?
- Just enter the investment amount per year, age of your girl child, and investment starting year.
- The calculator will automatically display the maturity year and the amount you receive upon maturity after you enter the details.
- View your maturity amount instantly, The calculator automatically applies the current interest rate
It’s completely free and doesn’t require any sign-up!
Advantages of Using Groww Sukanya Samriddhi Scheme Calculator
While there are many calculators online, here’s why users prefer Financial Guruji’s SSY calculator:
- Fast & Accurate: No manual errors
- Mobile Friendly: Smooth on all devices
- Updated Interest Rates
- Clear Breakdown of investment vs interest
- Simple UI for beginners and experts alike
- Helps in Financial Planning and budget allocation
How Can I Use The Corpus Accumulated From SSY Contributions?
After 21 years, the maturity amount from your SSY account can be used for:
- Higher education of your daughter
- Marriage expenses
- Starting a small business in her name
- Emergency medical needs (if required)
Remember, the maturity amount is 100% tax-free under Section 80C.
Disclaimer:
This calculator is a financial planning tool based on the current SSY rules and interest rates. Actual returns may vary as per government updates. Please consult your financial advisor or visit official website before making any investment decisions.
FAQs
1. What is the minimum and maximum investment in SSY?
You can invest a minimum of ₹250 and up to ₹1.5 lakh per year in the SSY account.
2. Is the interest earned on SSY taxable?
No. SSY falls under EEE (Exempt-Exempt-Exempt) category. Your principal, interest, and maturity amount are completely tax-free.
3. Can I withdraw money before maturity?
Partial withdrawal (up to 50%) is allowed after the girl child turns 18, for education or marriage purposes.
4. Is it possible to open more than one SSY account?
Only one SSY account per girl child is allowed.
5. How long do I need to contribute to SSY?
You need to contribute for 15 years from the date of opening. The account matures in 21 years.
