SSY maturity for daughter's future. The Sukanya Samriddhi Yojana Calculator takes yearly deposit (₹250 to ₹1.5 lakh), interest rate, daughter's age at account opening and returns maturity value (21 years after opening) plus total deposited (15 years), interest earned (tax-free), daughter's age at maturity. Results update as you type, and the formula is shown under the result so you can repeat it in your own spreadsheet.
Government-backed schemes publish their interest rates quarterly and market-linked funds do not guarantee returns. Enter the current rate for the scheme and treat market-return assumptions as scenarios rather than promises. Use the worked example below to check the maths against your own figures.
How the Sukanya Samriddhi Yojana Calculator works
SSY accounts take deposits for 15 years and mature 21 years after opening (or on the daughter's marriage after 18). The interest, revised quarterly, is tax-free, and deposits qualify under 80C.
Worked example
With the example values (yearly deposit (₹250 to ₹1.5 lakh) of ₹100,000, interest rate of 8.2%, daughter's age at account opening of 3), the maturity value (21 years after opening) is ₹4,788,079.45; total deposited (15 years) ₹1,500,000.00, interest earned (tax-free) ₹3,288,079.45, daughter's age at maturity 24. Change any figure above and the result updates immediately; use Copy results to paste the summary into a note or email.
Assumptions and limits: Assumes equal deposits at the start of each of the first 15 years and no partial withdrawal.
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Frequently Asked Questions
How is maturity value (21 years after opening) calculated?
balance after 15 years of deposits compounds for 6 more years: A × [(1 + r)15 − 1] ÷ r × (1 + r) × (1 + r)6.
Which figures do I need?
Yearly deposit (₹250 to ₹1.5 lakh), interest rate, daughter's age at account opening. Take them from the same period and the same set of accounts or reports so the ratio is consistent, and check the example values as a guide to the units expected.
Is the interest rate fixed?
Small-savings rates are reviewed by the government every quarter and bank rates change with policy; market-linked schemes have no fixed rate at all. Enter the current rate for your scheme and revisit the result when rates change.
What assumptions does this calculator make?
Assumes equal deposits at the start of each of the first 15 years and no partial withdrawal.
