₹
₹2501.5L
We can not exceed limit of 1.5 lakh per year
112
Duration
15 Years
Maturity Period
21 Years
Rate of Interest
8.2%
Maturity Amount
3,72,272
Amortization Table
What is Sukanya Samriddhi Yojana?
The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched to support the education and marriage expenses of a girl child. It offers attractive interest rates and long-term growth with tax benefits under Section 80C of the Income Tax Act.
Under this scheme, you make periodic contributions for a fixed investment tenure, and the deposits earn interest compounded annually. An SSY calculator helps you estimate how much the investment will be worth at maturity, allowing you to plan effectively for your child’s future.
Who can use SSY calculator?
These types of calculators are useful for parents or guardians planning long-term savings for a girl child. It helps estimate the maturity value of deposits made under the SSY scheme.
1. Parents planning future goals
Parents can use the Sukanya account calculator to estimate how much their savings will grow over the
scheme’s tenure.
2. Financial planners
Financial advisers can also use this calculator to analyse potential returns and advise their clients
accordingly.
How can the SSY calculator help you?
These calculators help you evaluate different savings scenarios and figure out how to maximise returns. By adjusting the annual deposit and tenure, you can model outcomes that match your financial goals.
1. Estimate maturity with ₹1,000 yearly contribution
For example, with a ₹1,000 annual deposit at 8.2% interest for 21 years, the tool shows how deposits and
interest accumulate.
2. Compare higher contributions
If you increase annual contributions to ₹10,000, the Sukanya calculator reveals a much higher maturity
amount due to compounding.
3. Understand long-term growth
It clearly shows how early and consistent contributions create a larger corpus by the end of the
investment tenure.
How does the SSY calculator work?
The Sukanya Yojana calculator uses a compound interest formula to calculate the maturity amount based on deposits, interest rate, and tenure. It simplifies complex mathematics into an intuitive output.
1. Enter annual deposit
Put in the amount you plan to invest each year under the SSY scheme.
2. Check the interest rate
The tool applies the prevailing government-declared interest rate (e.g., 8.2%).
3. Set the maturity age
Specify the number of years for which the deposits will earn interest until maturity.
4. View maturity estimate
The calculator instantly shows your estimated maturity amount and total interest earned.
The formula used is A = P (1 + r/n) n * t
where:
- A = Amount at maturity
- P = Initial deposit
- r = Rate of interest
- n = Frequency of compounding per year
- t = Number of years
Advantages of using the Sukanya Samriddhi Scheme calculator
Using a Sukanya Samriddhi calculator makes planning easier and more effective, especially for long-term investments .
- Saves time : You get quick projections without manual calculations.
- Accurate estimates : The calculator provides precise figures based on up-to-date interest rates.
- Plan contributions : See how different annual deposit amounts affect your overall returns.
- Compare scenarios : Experiment with various contribution levels and tenures to find the ideal plan.
- Goal clarity : This aids in determining the amount of money required for future educational or marriage-related expenses.
Disclaimer
Axis Bank does not guarantee the accuracy, completeness or correct sequence of any of the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness/accuracy. The use of any information set out is entirely at the User's own risk. Users should exercise due care and caution (including if necessary, obtaining advice from tax/ legal/ accounting/ financial/ other professionals) before taking any decision, acting or omitting to act, based on the information contained / data generated herein. Axis Bank does not undertake any liability or responsibility to update any data. No claim (whether in contract, tort (including negligence) or otherwise) shall arise out of or in connection with the services against Axis Bank. Neither Axis Bank nor any of its agents or licensors or group companies shall be liable to the user/any third party, for any direct, indirect, incidental, special or consequential loss or damages (including, without limitation loss of profit, business opportunity or loss of goodwill) whatsoever, whether in contract, tort, misrepresentation or otherwise arising from the use of these tools/ information contained/data generated herein.
Frequently Asked Questions
No, you can open only one SSY account per girl child. A family can open accounts for multiple daughters but only one per child.
Partial withdrawals are allowed after the beneficiary turns 18 for education or marriage expenses, subject to scheme rules and documentation.
The SSY account matures 21 years from the date of opening, or upon marriage of the girl after she turns 18, whichever is earlier.
Closure before maturity is allowed only on exceptional grounds, such as the death of the account holder or medical emergencies, subject to rules.
Yes, SSY provides tax benefits under Section 80C. Contributions, interest earned, and maturation proceeds are all tax-free under current laws.
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