What is a SSY Calculator?
A SSY Calculator is a free online tool that helps you calculate sukanya samriddhi yojana maturity amount and interest for your daughter with the current 8.2% interest rate. FinCalc Pro offers India's most accurate SSY Calculator with instant results, detailed charts, and step-by-step breakdowns — completely free with no login required.
SSY Calculator Formula
SSY account matures 21 years from opening (or marriage after 18). Deposits made for first 15 years. Each year's deposit earns compound interest for its remaining period. Current rate: 8.2% p.a.
How to Use SSY Calculator
- Enter your annual deposit amount (min ₹250, max ₹1.5 lakh)
- Enter your daughter's current age (account can be opened until age 10)
- The calculator uses current 8.2% interest rate
- Click Calculate to see year-by-year growth and maturity amount
- Plan how to fund your daughter's education or marriage from the corpus
SSY Calculator — Example
Annual Deposit: ₹1,50,000 | Daughter's Age: 3 years | 15 years of deposits → Maturity at 24 years: ₹69,27,578 | Total Invested: ₹22,50,000
Benefits of Using SSY Calculator
- Highest interest rate among government small savings schemes at 8.2%
- EEE tax status — deposit, interest, and maturity all tax-free
- Section 80C deduction for deposits up to ₹1.5 lakh
- Government-guaranteed returns with no market risk
Frequently Asked Questions — SSY Calculator
What is Sukanya Samriddhi Yojana (SSY)?
SSY is a government savings scheme for girl children (under 10 years). Parents or guardians can open one account per girl child (max 2 girls per family). It offers 8.2% interest (current rate), tax-free maturity, and 80C deduction — making it the best savings scheme for a girl's future.
When does SSY mature?
SSY matures 21 years from the date of opening. If opened when the daughter is 5, it matures when she turns 26. However, partial withdrawal of 50% is allowed when she turns 18 for education or marriage expenses.
What if I miss a year's deposit in SSY?
If you miss the minimum ₹250 deposit in any year, the account becomes dormant. To reactivate, pay the minimum deposit of ₹250 per missed year plus a penalty of ₹50 per year. You can then continue contributing.