Are you planning to invest in Sukanya Samriddhi Yojana? Our Sukanya Samriddhi Yojana Calculator makes it easy to estimate your returns. Follow these simple steps to calculate your interest and future savings:
Head over to Sukanya Samriddhi Yojana Calculator in our website to calculate the SSY Interest and start planning your investment.
We offer both Yearly and Monthly SSY Calculators. Select the option that best suits your financial planning.
For the Yearly SSY Calculator, you can invest up to ₹1.5 lakh annually.
For the Monthly SSY Calculator, the maximum investment is ₹12,500 per month.
Our SSY Calculator automatically displays the latest Sukanya Samriddhi Yojana interest rate, as announced by the government. We ensure our data is always up-to-date.
Once you hit the Calculate button, our Sukanya Samriddhi Yojana Calculator will generate:
Total Investment Amount
Interest Earned Over the Years
Final Maturity Amount
Year-wise Breakdown of Interest Earnings (up to
21 years)
Start planning your daughter's secure financial future today with our SSY Calculator!
Here's a look at the formula behind our SSY Calculator, so you can understand how it calculates your investment with great accuracy.
A = P × (1 + r/n)^(n × t)
Let's assume you deposit the maximum limit of ₹1,50,000 per year in the SSY Calculator, and the interest rate is 8.2% per annum & Investment tenure of 21 Years (Deposits for 15 years, Interest for 21 years).
An annual investment of 1.5 Lakhs, resulting in a total investment of 22.5 Lakhs, would accumulate to a corpus of 71.8 Lakhs, with 49.3 Lakhs earned as interest.
The current interest rate for Sukanya Samriddhi Yojana is 8.2%.
No, investments in Sukanya Samriddhi Yojana (SSY) are tax-free. Additionally, you can claim up to ₹1.5 lakh under Section 80C of the Income Tax Act in the old tax regime.
Yes, the Sukanya Samriddhi Yojana calculator supports both monthly and yearly investment calculations.
Yes, the SSY calculator provides a detailed yearly breakdown of the interest.
Yes, we continuously update the interest rate in the Sukanya Samriddhi Yojana calculator to reflect the latest changes.
No, the yearly SSY calculator does not allow contributions exceeding ₹1,50,000.
No, the Sukanya Samriddhi Yojana calculator allows a maximum contribution of ₹12,500 per month.
The minimum amount that can be entered in yearly Sukanya Samriddhi Yojana calculator is ₹250.
You cannot close the SSY account before it has been open for 5 years. However, if your daughter turns 18 or gets married, you can close the account and withdraw the funds. In the unfortunate event of your daughter's demise, you are also allowed to withdraw the money.
Yes, you can open up to 2 SSY accounts per family. However, if you have a third girl child, you will not be able to open a Sukanya Samriddhi account for her.