Sukanya Samriddhi Yojana Return Calculator


5 min read

Updated on Jul 13, 2022

Sukanya Samriddhi Yojana (SSY) Calculator: An Online Tool used to Calculate Sukanya Samriddhi Yojana Returns

The SSY calculator can be described as an exceptional tool that helps you calculate the money that you can earn by investing in the Sukanya Samriddhi Yojana program.

The Indian government came out with this scheme to improve the situation of the girl child in the country. It was established under the campaign named Beti Bachao Beti Padhao in 2015 and was a small savings scheme, to begin with. At a basic level, the program covers the expenses incurred in raising a girl child by providing the investors with sizeable returns to go with tax exemptions. The exemptions are available on both the maturity amount and the interest that is accrued in the program.

The Sukanya Samriddhi Yojana calculator helps you find out how much money you can make when the scheme matures. So, this is one major way in which the program could prove to be resourceful for you. Through this blog, we would try to offer you the best insights into the program so that you can use it in the best way possible.

Also Read: 6 Best Long Term Investment Plans

Sukanya Samriddhi Yojana calculator – what it is and the way it works 

As we have indicated already, the calculator helps you determine the returns that your investment in the plan would fetch you at the end of the maturity period.

So, this way you can plan how much money you would make by investing in the plan. In a way, the SSY calculator helps you plan the future of your girl child as well. In this tool, you have to provide details such as the age of your child, the year when you wish to begin investing, and the amount of money that you aim to contribute each year. The calculator would then evaluate these details to calculate the interest that you would earn on your investment. This means that you would also get to know the maturity amount.

Most important of all, the calculator always takes into account the latest Sukanya Samriddhi Yojana interest rate to calculate the money that you – the investor – can make from the plan. However, the calculator works based on certain assumptions and they may be enumerated as below:

  • You deposit the same amount each year.
  • You do not deposit any money from the 15th year till the 21st year when the policy matures. In this case, the interest is calculated based on the earlier deposits.
  • The interest rate remains constant through the 21 years – the duration of the scheme. At present, it is 7.6% as determined by RBI (Reserve Bank of India).
  • You make yearly deposits on 1st April each year.
  • You make monthly deposits on the 1st of each month.
  • You do not withdraw any money for 21 years.

The formula to calculate the returns of Sukanya Samriddhi Yojana (SSY)

As per the Sukanya Samriddhi Yojana details, the calculator uses the formula of compound interest to calculate the interest that they are earning on the plan. The formula may be enumerated as below:

A = P (r/n + 1) ^ nt

The significance of these characters may be explained as below:

Character meaning in the context of the formula
A compound interest
P principal amount
R rate of interest
N number of compounding interests provided in a year
T number of years

So, going by this formula if you deposit 50,000 rupees each year for 14 years and do not make any withdrawals throughout the entire duration of 21 years at the end of it you would have earned 21,14,196 rupees. Over here, we assume that you are not making any investment from the 15th year.

Please remember that going by the calculation above, you are investing seven lakh rupees in all in the plan. So, you can see how beneficial the Sukanya Samriddhi Yojana scheme is for parents of girls.

The lock-in period of Sukanya Samriddhi Yojana (SSY)

As you may have guessed by using the Sukanya Yojana calculator, the plan comes with a duration of 21 years. Apart from that you also need to invest at least once a year for 14 years so that your account does not get deactivated. The minimum money that you are allowed to invest in the plan is 250 rupees. At the most, you can invest 1.5 lakh rupees a year in the same. However, from the 15th year, the decision of investment rests with you.

How does the Sukanya Samriddhi Yojana (SSY) calculator assist you?

The tool is an incredible one in every sense of the term. For starters, it helps you get a proper idea of the Sukanya Samriddhi Yojana benefits – at least the material benefits of the same. So, if you are planning to invest in the scheme this is something that you must be using for sure. For starters, by using the calculator you can get a decent idea of how much money you could save for your girl when the policy matures.

The advantages of using the Sukanya Samriddhi Yojana (SSY) calculator

Following are the main advantages of using the Sukanya Samriddhi account calculator:

  • In only a few seconds it calculates the interest you can earn on the plan and the maturity amount.
  • It helps you determine the figures with complete accuracy by efficiently doing away with all errors that may crop up while doing such calculations manually.
  • It helps you determine how much money you can make at the end of each month and each year while you are making the contributions.
  • Using this calculator helps you plan your finances that, in turn, helps you achieve the goals you have for your girl later on in life.


Before you use the Sukanya Samriddhi Yojana calculator you must know a few things about the plan. The maximum age at which you are allowed to start investing in the plan is 10 years. You can also invest anywhere between 250 and 1.5 lakh rupees a year in the plan. As we have said already, by using this calculator you would be able to see how much interest you are earning on the same and the amount that you would receive at maturity.

Also Read: Short-Term Investment Options in India

Apr 13, 2022
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PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.

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