Sukanya Samriddhi Yojana Calculator

Sukanya Samriddhi Yojana Calculator: Maturity and Interest

The Sukanya Samriddhi Yojana Calculator helps estimate the maturity value of an SSY account based on the amount invested, investment frequency and applicable interest rate. It can help parents understand how regular contributions may grow over the investment period and plan for a girl child’s future financial needs.

The calculator can also be used as an SSY maturity calculator to estimate the amount that may be available when the account matures.

What Is Sukanya Samriddhi Yojana?

Sukanya Samriddhi Yojana is a government backed savings scheme designed for a girl child. An account can be opened by a guardian in the name of a girl child who has not attained the age of 10 years at the time of opening.

Deposits can be made for up to 15 years from the date of opening the account, while the account matures after 21 years from the date of opening. The minimum annual deposit is ₹250 and the maximum deposit is ₹1.5 lakh in a financial year.

Parents and guardians can use the calculator to understand how their planned contributions could grow over time. For broader savings and investment concepts, you can also explore this guide to saving and investment.

Who Is Eligible to Open an SSY Account?

An SSY account can be opened in the name of an eligible girl child by her natural or legal guardian. The girl child must be below 10 years of age when the account is opened. The scheme generally permits one account per girl child, with provisions for accounts for up to two girl children in a family, subject to the applicable rules.

The account is intended for long term savings, so understanding the contribution period and maturity timeline is important before starting an investment.

How Does the 15 Year Contribution and 21 Year Maturity Rule Work?

Deposits can be made into an SSY account for 15 years from the date of opening. The account continues until maturity, which is 21 years from the date of opening. This means the contribution period and maturity period are different.

For example, if an account is opened when the girl child is young, contributions may stop after 15 years, while the account can continue to earn interest until the completion of 21 years from the opening date.

The SSY Calculator can help you estimate the maturity value based on your planned contributions and the applicable interest rate.

What Is the Current SSY Interest Rate?

The Sukanya Samriddhi interest rate is notified by the Government and can change periodically. The National Savings Institute currently lists the SSY interest rate at 8.2% per annum for the July to September 2026 quarter.

Since the interest rate can change over time, the rate used in an SSY maturity calculation should be clearly labelled with the relevant period. This is particularly important when using an online Sukanya Samriddhi calculator for long term projections.

Frequently Asked Questions

1. How is Sukanya Samriddhi Yojana maturity amount calculated?

The maturity amount depends on the contributions made to the account, the applicable interest rate and the period for which the account remains invested. The SSY Calculator uses these inputs to estimate the maturity value.

2. Can I withdraw money from SSY before maturity?

Withdrawal is permitted subject to the conditions of the scheme. The rules provide for withdrawal of up to 50% of the balance for higher education after the girl child attains 18 years of age or passes the 10th standard, whichever is earlier, subject to the applicable requirements.

3. Is Sukanya Samriddhi Yojana interest rate fixed?

The SSY interest rate is not fixed for the entire investment period. It is notified by the Government and can be revised periodically. The interest rate used in the calculator should therefore be treated as an assumption for estimating the maturity value.

4. Can I open an SSY account for a girl child after she turns 10?

An SSY account can generally be opened only if the girl child has not attained the age of 10 years at the time of opening the account. The applicable eligibility rules should be checked before opening the account.

5. When does Sukanya Samriddhi Yojana mature?

An SSY account generally matures 21 years from the date of opening the account. Contributions are required only for the first 15 years, after which the account can continue until maturity subject to the applicable scheme rules.

6. What is the minimum and maximum I can invest per year?

A minimum of ₹250 must be deposited in an SSY account in a financial year, while the maximum deposit allowed is ₹1.5 lakh in a financial year.

If you are comparing SSY with another long term savings scheme, you can also use the PPF Calculator to understand how the projected maturity value differs.