Sukanya Samriddhi Yojana Calculator Online

Sukanya Samriddhi Yojana Calculator

Sukanya Samriddhi Yojana (SSY) is a savings scheme that was introduced in 2015 as part of the government's Beti Bachao, Beti Padhao campaign. Under this scheme, guardians can open a savings account for their daughters at any commercial bank or at an India Post branch.

Sukanya Samriddhi Yojana accounts offer an 8% rate of interest. A Sukanya Samriddhi Yojana calculator can assist you in calculating the returns based on your investment amount and term.

Who Can Use This Calculator?

The first step in using the Sukanya Samriddhi Yojana online calculator is to determine whether the scheme's eligibility criteria are fulfilled. If the following conditions are met, legal guardians of a girl child can open an Sukanya Samriddhi Yojana account:-


In addition, the legal guardians must submit the following documents to be allowed to begin deposits in the scheme:-


Individuals who meet the aforementioned requirements and have the necessary supporting documentation are eligible for the scheme and you can go ahead and utilize the Sukanya Samriddhi Yojana calculator online.

How does an Sukanya Samriddhi Yojana calculator make things easier for you?

Often, parents of female children seek assets in their child's name to help cover the expenses of their daughter’s education and marriage.

While there are numerous investing options available to assist parents achieve this, Sukanya Samriddhi Yojana has become one of the most popular because of the high interest rate and tax benefits it provides. Under  the Section 80C of the Income Tax Act, 1961, individuals can claim a tax exemption up to Rs 1.5 Lakh based on the amount contributed to the Sukanya Samriddhi Yojana account

Furthermore, the interest income earned from investment is tax-free. Tax advantages are given to the maturity amount as well. That said, parents who have chosen Sukanya Samriddhi as their preferred investment option now need a tool to compute the entire amount they would get upon maturity. Calculating it by hand can be a bit messy and easy to mess up. The Sukanya Samriddhi Calculator can help with this.

Investors can change regular payments based on the maturity amount to obtain the desired corpus. Use the calculator for free and It consistently provides accurate results, regardless of how often you use it.

Sukanya Samriddhi Yojana is a long-term savings plan with a high return on investment. To keep the account operational, you must pay a minimum contribution each year.

As a result, using an online Sukanya Samriddhi Yojana calculator will help you estimate your investments and returns.

Few benefits of Sukanya Samriddhi Yojana calculators include-


The year of maturity for your Sukanya Samriddhi Yojana account is displayed.

The amount you will receive upon maturity is shown.

Helps you get your investments in order.

How Does The Sukanya Samriddhi Yojana Calculator Work?

The maturity date for the amount is in 21 years. It's crucial for individuals to make at least one contribution a year to keep the scheme active until 14 years are completed.

The individual may choose not to make contributions to the Sukanya Samriddhi Yojana account between years 1 and 21 if they wish. Previous investments made into the account, on the other hand, will continue to earn interest at the existing interest rate. As a result, the final amount consists of your net contribution plus the interest earned.

The Sukanya Yojana calculator generates results using the following formula:-

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


Where –


Compound interest


Principal amount


Rate of interest


Number of times interest  compounds in a year


Number of Year



Compound Interest Principal Amount Rate of interest Number of times interest compounds in a year Number of years

How Can I Make Use of the Corpus Amassed Through Sukanya Samriddhi Yojana Contributions?

When the girl kid reaches maturity, she can withdraw the entire corpus. This is possible after the following documents have been produced:-


The corpus can be withdrawn to cover the costs of the girl child's further education, provided she has completed 10th grade and is above the age of 18. The amount can only be used to cover tuition and admission fees. Depositors must produce University admission documents as well as fee receipts to show that the money is being used for educational purposes.

Early withdrawal for marriage expenses is permitted if the female is 18 or older. The girl should give an affidavit, to prove she's old enough.