SSY Calculator
The Latest SSY Rate = 8.2%
Invested Amount
₹0
Estimated Returns
₹0
Maturity Year
0
Total Maturity
₹0
SSY Calculator – Sukanya Samriddhi Yojana Calculator
As part of the Beti Bachao Beti Padhao initiative, Prime Minister Narendra Modi introduced the Sukanya Samriddhi Yojana (SSY), a savings scheme designed to secure the financial future of girl children. The scheme encourages parents to save for their daughter's education and marriage expenses. As of the current quarter in 2025, the SSY offers a competitive interest rate of 8.2% per annum, compounded annually, making it one of the most attractive long-term investment options backed by the Government of India.
Eligibility Criteria for SSY:
- Who Can Open an Account:Parents or legal guardians can open an SSY account for their girl child.
- Age Limit: The girl child must be below 10 years of age at the time of account opening.
- Number of Accounts: Only one account per girl child is permitted. However, a family can open a maximum of two SSY accounts for two different girl children.
Key Features of SSY:
- Minimum and Maximum Investment: A minimum deposit of ₹250 is required annually to keep the account active, with a maximum contribution limit of ₹1.5 lakh per financial year.
- Tenure: The account matures 21 years from the date of opening. Contributions are mandatory for the first 15 years; thereafter, the account continues to earn interest until maturity.
- Partial Withdrawals: Once the girl child reaches 18 years of age, up to 50% of the account balance can be withdrawn to meet educational expenses.
Tax Benefits:
Investments in SSY qualify for tax deductions under Section 80C of the Income Tax Act, 1961, up to ₹1.5 lakh per annum. Additionally, the interest earned and the maturity amount are exempt from tax, making it a completely tax-free investment.
Role of the SSY Calculator:
Planning your investments effectively is crucial, and an SSY calculator can assist in this process by:
- Estimating Maturity Amount: Based on your annual contributions, the calculator projects the total corpus at maturity.
- Determining Interest Earned: It provides a breakdown of the interest accrued over the investment period.
- Financial Planning: By inputting different contribution amounts, you can strategize to meet future financial goals, such as higher education or marriage expenses for your daughter.
How to Use the SSY Calculator:
The SSY calculator follows the compound interest formula to estimate the final maturity amount:
A = P * (1 + r/n) ^ n*t
Where:- A = Maturity Amount
- P = Principal Amount (Total Deposited)
- r = rate of interest
- t = Number of years
- n = Number of times interest is compounded per year
By using this formula, the calculator provides an accurate estimation of the corpus that can be accumulated under the Sukanya Samriddhi Yojana, helping parents plan their savings effectively.
How to Use the SSY Calculator
The SSY Calculator is a simple tool designed to help you estimate the maturity amount you will receive based on your yearly contributions to the Sukanya Samriddhi Yojana. Here is how you can use it effectively:
- Enter the Yearly Investment Amount
- Input the amount you plan to deposit every year.
- The minimum annual deposit is ₹250, and the maximum is ₹1.5 lakh.
- Enter the Age of the Girl Child
- The account must be opened before the girl turns 10 years old.
- The calculator will adjust the maturity date based on the child's age at the time of investment.
- Select the Investment Start Year
- Choose the year in which you started or plan to start investing in the SSY scheme.
- View the Results
- The calculator will instantly display:
- Maturity Year (21 years from the account opening)
- Total Corpus at Maturity (Including principal + interest earned)
- Adjust Your Investment for Better Planning
- If the expected corpus does not meet your financial goals, you can modify the annual contribution to see how different amounts impact the final maturity value.
Why Use Tradejini's SSY Calculator?
- Accurate Estimations: Get precise calculations based on the latest SSY interest rate.
- Easy Planning: Helps you adjust contributions to reach a target amount.
- User-Friendly: No manual calculations needed—just input values and get instant results.
With Tradejini's SSY Calculator, you can confidently plan for your daughter's future education and financial security with ease.
Sukanya Samriddhi Yojana stands out as a secure and tax-efficient investment avenue for parents aiming to build a substantial corpus for their daughters. Utilizing the SSY calculator can further enhance your investment planning by providing clear projections and aiding in setting realistic financial goals.
