Sukanya Samriddhi Yojana Calculator
Whether you're setting aside a small amount each year or planning for her education, career, or future milestones, the Sukanya Samriddhi Yojana Calculator helps you understand how your savings can grow over time.
What is a Sukanya Samriddhi Yojana Calculator?
A Sukanya Samriddhi Yojana Calculator is a free online tool that takes the guesswork out of planning your daughter's future. Enter your annual contribution and her current age, and the SSY calculator instantly shows you the maturity amount your account will grow to, so you know exactly where you stand before you invest a single rupee. Here is what it helps you figure out at a glance:
- How much will your savings be worth when your daughter turns 21
- What annual deposit amount do you need to reach a specific financial goal
- How the SSY interest rate of 8.2% per annum, compounded annually, works in your favour over time
- Whether your current contribution level is enough, or whether you can stretch it further for a larger corpus
How does the Sukanya Samriddhi Yojana Calculator work?
The Sukanya Samriddhi Yojana calculator uses compound interest to show how your money grows. In SSY, interest is added to your account once a year. The next year, that interest also earns interest. This keeps happening year after year, which is what makes the final amount so much larger than what you actually put in.
Here is how the tenure works:
- You make deposits for the first 15 years from the date of account opening
- After year 15, you stop depositing, but the account keeps earning interest
- The account matures at 21 years, and the full corpus is available for withdrawal
- The calculator shows you the complete picture, including the 6 years after deposits stop, so you see the true final value
The earlier you open the account, the longer compounding works in your favour.
SSY Calculator Formula
Where:
- A = Maturity Amount
- P = Annual Investment (principal per year)
- r = Rate of interest (8.2% p.a. for FY 2025-26)
- n = Number of times interest compounds per year (1 for SSY, since it compounds annually)
- t = Number of years
Since deposits are made annually, the calculator sums the compounded value of each year's contribution across the entire 21-year tenure to arrive at the final maturity estimate.
Example:
If you invest ₹50,000 per year for 15 years at 8.2% compounded annually:
A = 50,000 × (1 + 0.082)^1 = ₹54,100 in year one alone.
When this is calculated across all 15 years of contributions, and the account continues earning interest for 6 more years until maturity at 21 years, your total estimated corpus is approximately ₹23.7 lakh on a total investment of ₹7.5 lakh.
With the SSY Calculator, you do not have to do this math yourself. Enter your amount, and the result is instant and accurate.
How to Use the Sukanya Samriddhi Yojana Calculator?
Using the Sukanya calculator on Shriram Life is straightforward. You do not need any prior financial knowledge. Follow these four simple steps to get your maturity estimate:
Step 01
Enter the annual contribution amount you plan to deposit (minimum ₹250, maximum ₹1,50,000 per financial year)
Step 02
Enter your daughter's current age (should be a girl child below 10 years of age)
Step 03
Select or confirm the investment start year
Step 04
Click Calculate to instantly view your estimated maturity amount, total interest earned, and total amount invested
Benefits of Using an SSY Calculator
Planning for your daughter's future becomes far more confident when you know the numbers. The SSY Calculator removes guesswork and puts real projections in your hands before you commit a single rupee.
Instant, Accurate Projections
The calculator delivers your estimated maturity amount in seconds, accounting for compounding and contribution tenure, so you never have to guess what your savings will grow to.
Plan the Right Contribution Level
Whether you can invest ₹5,000 a year or ₹1,50,000, the calculator shows how different contribution amounts affect the final corpus, helping you choose what works best for your family's budget and goals.
Visualise the Power of Compounding
Seeing how 15 years of contributions continue to grow for 6 more years after you stop depositing makes the compounding story tangible. The calculator helps you appreciate why starting early matters so deeply.
Zero Errors, Full Confidence
Manual calculations involving annual compounding across 21 years are prone to error. The calculator eliminates that risk entirely, giving you numbers you can plan around with full confidence.
Did You Know?
Roughly 7 out of 10 working Indians depend on their children after retirement. Not because they didn't save, but because their savings didn't last. A Retirement plan helps turn today's savings into future income.
Factors Affecting SSY Maturity Amount
The final corpus your SSY account generates does not depend on a single variable. Three key inputs shape the maturity value, and understanding each one helps you make smarter contribution decisions.
Annual Contribution Amount
The amount you deposit each financial year is the most direct lever you control. Higher annual contributions compound over 21 years to produce significantly larger maturity amounts. You can contribute anywhere between ₹250 and ₹1,50,000 per financial year, in lump sum or in instalments.
Investment Tenure
Deposits must be made for the first 15 years from the date of account opening. The account continues to earn interest at the prevailing rate for the remaining 6 years without any further deposits, until maturity at 21 years. Opening the account early maximises the full compounding window available to your daughter's corpus.
SSY Interest Rate
The SSY interest rate is currently 8.2% per annum, compounded annually, for FY 2025-26 and Q1 of FY 2026-27. The rate is declared by the Ministry of Finance each quarter. SSY consistently offers one of the highest rates among government-backed small savings schemes, making it an especially attractive long-term option for parents.
Example Calculation
To understand what the Sukanya Samriddhi Yojana Calculator can reveal, consider this practical scenario.
Suppose you open an SSY account today for your 1-year-old daughter and invest ₹1,50,000 per year (the maximum allowed) consistently for 15 years, at the current interest rate of 8.2% per annum, compounded annually.
| Detail | Value |
|---|---|
| Annual Contribution | ₹1,50,000 |
| Contribution Period | 15 years |
| Interest Rate | 8.2% p.a. (compounded annually) |
| Total Amount Invested | ₹22,50,000 |
| Estimated Maturity Amount (at 21 years) | Approx. ₹71,00,000 |
| Estimated Interest Earned | Approx. ₹48,50,000 |
In this scenario, the power of compounding turns ₹22.5 lakh of your actual deposits into an estimated corpus of approximately ₹71 lakh by the time your daughter turns 21.
That is the kind of head start that can fund her higher education, support her early career, or contribute meaningfully toward her wedding without financial stress on the family.
Note: The above figures are estimates based on the current SSY interest rate of 8.2% p.a. Actual maturity amounts may vary if government-declared interest rates change in future quarters.
SSY Tax Benefits
One of the most compelling features of the Sukanya Samriddhi Yojana is its EEE (Exempt-Exempt-Exempt) tax status, which provides tax efficiency at every stage of the investment, contribution, accumulation, and withdrawal. The scheme enjoys full triple-tax exemption under the Income Tax Act, 1961:
- Contribution: Annual deposits of up to ₹1,50,000 qualify for tax deduction under Section 80C of the Income Tax Act (applicable under the old tax regime)
- Interest: The interest earned on the SSY account every year is fully tax-exempt
- Maturity Amount: The entire corpus received at maturity is tax-free in the hands of the beneficiary
Tax benefits are as per the Income Tax Act, 1961, and are subject to change from time to time. Please consult your tax advisor for personalised guidance.
Sukanya Samriddhi Yojana vs Public Provident Fund.
Both SSY and PPF are government-backed, long-term, tax-efficient savings schemes. However, they serve different purposes and suit different investor profiles. Here is how the two compare:
| Parameter | SSY (Sukanya Samriddhi Yojana) | PPF (Public Provident Fund) |
|---|---|---|
| Eligibility | Girl child below 10 years | Any Indian resident |
| Interest Rate (FY 2025-26) | 8.2% p.a. | 7.1% p.a. |
| Minimum Annual Deposit | ₹250 | ₹500 |
| Maximum Annual Deposit | ₹1,50,000 | ₹1,50,000 |
| Deposit Duration | 15 years | 15 years |
| Account Maturity | 21 years from opening | 15 years from opening |
| Tax Status | EEE | EEE |
| Partial Withdrawal | After girl turns 18 (up to 50%) | After 7 years (limited amounts) |
| Purpose | Girl child's education and marriage | General long-term savings |
Key Takeaway: If you are saving specifically for a daughter's future, SSY offers a higher interest rate than PPF and is purpose-built for that goal. If you are looking for a general-purpose long-term savings instrument open to all family members, PPF provides that flexibility.
Why Invest in SSY?
Sukanya Samriddhi Yojana is more than a savings scheme. It is a government-backed promise to your daughter that her future will be financially secure, regardless of whatever life brings in between.
Here is why thousands of parents across India choose SSY as the foundation of their daughter's financial plan:
Highest Returns
At 8.2% p.a., SSY beats PPF, NSC, and most fixed deposits.
Zero Risk
Your money is fully backed and guaranteed by the Government of India.
Built for Daughters
Every feature is designed around your daughter's real-life milestones.
Open to All
Start with just ₹250 a year. Any family can begin saving.
21 Years of Growth
The longer you stay invested, the harder compounding works for you.
Pair SSY with a Shriram Life Savings Plan
SSY builds a strong corpus for your daughter's future. But a complete financial plan also protects the family that is building it.
Shriram Life Savings Plans help you grow your money steadily while keeping your family covered. Whether your goal is your child's education, a family milestone, or your own long-term security, there is a plan designed to get you there.
Related Calculators
Planning your family's financial future goes beyond one instrument. Explore these calculators to build a complete picture:
Retirement Calculator
Find out how much you need to save today for a comfortable retirement
FAQs on SSY Calculator
What is the current SSY interest rate?
The SSY interest rate for FY 2025-26 and Q1 of FY 2026-27 is 8.2% per annum, compounded annually. The Ministry of Finance reviews this rate quarterly. SSY currently offers one of the highest interest rates among government-backed small savings schemes in India.
Who can open a Sukanya Samriddhi Yojana account?
A resident parent or legal guardian of a girl child below the age of 10 years can open an SSY account. A maximum of two SSY accounts can be opened per family, one for each daughter. An exception applies in the case of twin or triplet daughters.
What is the minimum and maximum deposit for SSY?
The minimum deposit is ₹250 per financial year and the maximum is ₹1,50,000 per financial year. Deposits must be made for the first 15 years from the date of account opening. After that, the account continues to earn interest until maturity at 21 years.
How is the SSY maturity amount calculated?
The maturity amount is calculated using the compound interest formula: A = P (1 + r/n)^(nt), where P is the annual investment, r is the interest rate (8.2% p.a.), n is 1 (annual compounding), and t is the number of years. The Shriram Life SSY Calculator applies this formula automatically once you enter your contribution amount and your daughter's age.
What are the tax benefits of investing in SSY?
SSY enjoys EEE (Exempt-Exempt-Exempt) status. Annual contributions up to ₹1,50,000 qualify for deduction under Section 80C (under the old tax regime), the interest earned each year is tax-exempt, and the full maturity amount is tax-free. This triple exemption makes SSY one of the most tax-efficient savings instruments available in India.
Can I withdraw from SSY before maturity?
Partial withdrawal of up to 50% of the account balance is permitted after the girl child turns 18 years of age, or after she passes Class 10, whichever is earlier. This withdrawal is allowed only to meet higher education expenses. Premature account closure is permitted in specific circumstances, such as the account holder's marriage after the age of 18, or in case of the death of the girl child.
What happens if I miss depositing in a year?
If the minimum deposit of ₹250 is not made in a financial year, the account becomes inactive. It can be reactivated by paying a penalty of ₹50 per year of default, along with the minimum deposit amount for each defaulted year.
Is the SSY Calculator on Shriram Life free to use?
Yes. The Sukanya Samriddhi Yojana Calculator on Shriram Life is completely free to use, requires no login, and can be used multiple times to compare different contribution scenarios.
