Sukanya Samriddhi Yojana Calculator

Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme for a girl child's future, with deposits made for 15 years from account opening and the account maturing 21 years after opening. This calculator estimates the maturity value from your yearly deposit and the scheme's interest rate.

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Total invested (15 years)
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Total interest
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Maturity value (at 21 years)

How to Use This Tool

  1. Enter the amount you plan to deposit each year (within the scheme's minimum and maximum limits).
  2. Enter the current interest rate — check the latest government-notified rate.
  3. Optionally enter the girl's current age to see her age at maturity.
  4. The total invested, interest earned and estimated maturity value update automatically.

Formula

Years 1-15 (deposit phase): Balance = (Balance + Yearly Deposit) × (1 + Annual Rate) Years 16-21 (no new deposits): Balance = Balance × (1 + Annual Rate)

Example: depositing 50,000 per year for 15 years at 8.2% gives a total investment of 750,000 and an estimated maturity value (at 21 years) of roughly 2,394,000.

Why Use ToolVigo's Sukanya Samriddhi Yojana Calculator

  • Models the scheme's two-phase structure: 15 years of deposits, then continued compounding without new deposits until the 21-year maturity.
  • Annual compounding matching how SSY interest is credited.
  • Shows the girl's approximate age at maturity.

Limitations

Assumes the full yearly deposit is made in a lump sum at the start of each year and that the interest rate stays constant for the entire 21-year period — actual rates are revised periodically, so real results will differ.

Privacy & Security

This tool runs entirely in your browser. Nothing you enter is uploaded to ToolVigo's servers or stored anywhere.

This calculator provides an estimate for informational purposes only and is not financial advice. Actual returns, interest rates and scheme rules can change and may differ from this estimate. Confirm current rates and rules with the official scheme provider or a licensed financial advisor before making decisions.

Frequently Asked Questions

Why does the account earn interest for 21 years but only take deposits for 15?

That's how the scheme is structured — deposits are only required for the first 15 years from account opening, but the accumulated balance continues earning interest for the remaining years until the account matures at 21 years from opening.

What is the current SSY interest rate?

The rate is set by the government and revised periodically — confirm the current rate from an official source before relying on this estimate.

Can the account be closed early?

Premature closure is typically allowed under specific conditions set by the scheme (such as the account holder's marriage after age 18), with its own rules — this calculator assumes the account runs to full maturity.

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