Sukanya Samriddhi Yojana Calculator
Calculate returns for the girl child savings scheme with 21-year tenure.
Breakdown
Invested
₹7,00,000
Interest
₹16,07,232
Maturity (Year 21)
₹23,07,232
Maturity Year
2046
Schedule
| Year | Invested | Corpus |
|---|---|---|
| 1 | ₹50,000 | ₹54,100 |
| 2 | ₹1,00,000 | ₹1,12,636 |
| 3 | ₹1,50,000 | ₹1,75,972 |
| 4 | ₹2,00,000 | ₹2,44,502 |
| 5 | ₹2,50,000 | ₹3,18,651 |
| 6 | ₹3,00,000 | ₹3,98,881 |
| 7 | ₹3,50,000 | ₹4,85,689 |
| 8 | ₹4,00,000 | ₹5,79,615 |
| 9 | ₹4,50,000 | ₹6,81,244 |
| 10 | ₹5,00,000 | ₹7,91,206 |
| 11 | ₹5,50,000 | ₹9,10,185 |
| 12 | ₹6,00,000 | ₹10,38,920 |
| 13 | ₹6,50,000 | ₹11,78,211 |
| 14 | ₹7,00,000 | ₹13,28,925 |
| 15 | ₹7,00,000 | ₹14,37,896 |
| 16 | ₹7,00,000 | ₹15,55,804 |
| 17 | ₹7,00,000 | ₹16,83,380 |
| 18 | ₹7,00,000 | ₹18,21,417 |
| 19 | ₹7,00,000 | ₹19,70,773 |
| 20 | ₹7,00,000 | ₹21,32,377 |
| 21 | ₹7,00,000 | ₹23,07,232 |
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme in India designed to support the future education and marriage expenses of a girl child. The scheme offers high interest rates, tax benefits, and guaranteed returns, making it one of the most popular long-term savings options for parents.
How Sukanya Samriddhi Yojana Works
The SSY account runs for a total of 21 years from the account opening date. Parents or guardians can deposit money every year for 14 consecutive years (Deposit Phase). After deposits stop, the accumulated amount continues to earn interest for the next 7 years (Compounding Phase).
Deposit Phase (14 Years)
Annual deposits made by parents or guardians
Compounding Phase (7 Years)
Amount grows with interest, no additional contributions needed
Partial Withdrawal at 18
Up to 50% can be withdrawn when the girl turns 18
Full Maturity at 21 Years
Complete amount withdrawable after 21 years
Calculation Method
Formula:
Where:
- P = Yearly deposit amount
- r = Annual interest rate
- Amt = Accumulated amount after 14 years of deposits
Assumptions:
- ✓ Yearly compounding
- ✓ Fixed annual deposits for 14 years
- ✓ Government-declared interest rate
Key Benefits
High Interest
Government-backed interest rates higher than most fixed-income options
Tax Benefits
Deduction up to ₹1.5 lakh under Section 80C
EEE Benefit
Tax-free deposits, interest, and maturity amount
Guaranteed Returns
Backed by the Government of India
Girl Child Security
Designed specifically for financial security of girl children
Important Disclaimer
This information is for educational purposes only and does not constitute financial advice. Interest rates for Sukanya Samriddhi Yojana are determined by the Government of India and may change periodically.
Always verify the latest rates and scheme rules through official government sources before investing.