Sukanya Samriddhi Yojana Calculator
Calculate Your Sukanya Samriddhi Yojana Returns

Use TimesMoney's Free Sukanya Samriddhi Yojana Calculator to calculate your Sukanya Samriddhi Yojana Returns

₹ 1000
₹ 1,50,000

This is as per Govt.

This is as per Govt.

Investment Details

Total Amount: ₹
Total Interest: ₹
Maturity Amount : ₹

A Sukanya Samriddhi Yojana (SSY) Calculator is an online tool that helps you estimate the returns on your investment in the Sukanya Samriddhi Yojana, a government-backed savings scheme designed for the welfare of the girl child. By using this calculator, you can calculate the maturity amount and the interest earned over the investment tenure, helping you plan your contributions accordingly. It provides a clear overview of how your investment grows over time, taking into account factors such as the annual interest rate and the contribution amount. However, the actual returns depend on the prevailing interest rates, which are subject to change by the government.

There are several Sukanya Samriddhi Yojana (SSY) calculators available online; it is important to choose an accurate SSY calculator and understand its usage to calculate the exact maturity amount and interest you will earn from your investment. By inputting details such as the monthly contribution, tenure, and interest rate, you can get an estimate of how your investment will grow over time and plan accordingly for the future.

Sukanya Samriddhi Yojana (SSY) Calculator

Prospective investors may think that Sukanya Samriddhi Yojana (SSY) and other savings schemes are the same. However, SSY is a specific government-backed savings scheme designed for the welfare of a girl child, offering attractive interest rates and tax benefits. An SSY calculator is a tool that helps you determine the returns you can earn by investing in this scheme. The Sukanya Samriddhi Yojana allows you to make monthly or lump sum contributions towards the account, and the calculator helps you estimate the maturity amount and interest you will receive over time.

How can a Sukanya Samriddhi Yojana (SSY) calculator help you?

A Sukanya Samriddhi Yojana (SSY) calculator helps you estimate the returns and maturity amount of your investment in the scheme. By entering the investment amount, tenure, and interest rate, the calculator provides a clear projection of how much your savings will grow over time. This tool simplifies the process, allowing you to plan better for your child's future by understanding the potential benefits of investing in SSY. It also helps you make informed decisions about how much to invest monthly to reach your financial goals by the time your child reaches adulthood.

A Sukanya Samriddhi Yojana (SSY) calculator is a useful tool that helps you estimate the returns you will earn on your investment over the tenure of the scheme. By inputting the monthly contribution, tenure, and interest rate, the calculator provides an accurate projection of the maturity amount, helping you plan for your child's future education and marriage expenses.

How do Sukanya Samriddhi Yojana (SSY) calculators work?

There is a specific formula that Timesmoney uses to compute the maturity amount.

maturity = yearlyDeposit * ( Numerator / rate ) * (1 + rate), where

  • M is the amount you receive upon maturity.
  • yearlyDeposit is the amount you invest yearly.
  • Numerator = (1 + rate)** time - 1
  • rate is interest / 100
  • time is the number of years

This is the standardized formula used by any online SIP calculator. Some variables may be added based on the type of SIP.

FAQs

The minimum amount you can invest in SSY is Rs. 250 per year, and the maximum is Rs. 1.5 lakh per year.
The tenure of the Sukanya Samriddhi Yojana is 21 years from the date of opening the account or until the girl gets married after turning 18.
Yes, you can make deposits monthly, quarterly, or annually. The minimum annual deposit is Rs. 250.
The interest rate on SSY is revised quarterly by the government. Currently, the interest rate is around 7.6% per annum, compounded annually.
Yes, you can increase or decrease your contribution, but it must be within the annual limit of Rs. 1.5 lakh.
Yes, the contributions made to SSY are eligible for tax deduction under Section 80C of the Income Tax Act. The interest earned and the maturity amount are also tax-free.
You can close the SSY account before maturity only in case of the account holder's death or under exceptional circumstances like medical emergencies. Early closure is not allowed for other reasons.
Yes, you can transfer your SSY account from one post office or bank to another, anywhere in India.
If you miss a deposit, the account will become inactive, but you can reactivate it by paying a penalty and the due amount. The penalty amount is Rs. 50 per year of default.
Partial withdrawals are allowed after the girl reaches 18 years of age, for educational or marriage expenses, subject to certain conditions.