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SSY Calculator

Secure your girl-child's financial future with Sukanya Samriddhi Yojana and calculate the returns using the SSY calculator. Learn more.

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SSY Calculator

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Parents strive to provide the best opportunities to their children, including a secure financial future. One of the options is investing in Sukanya Samriddhi Yojana (SSY). To make the most of this scheme, it is crucial to understand its workings and use tools like the SSY Calculator to plan your investments effectively. In this comprehensive guide, we will explore the various aspects of the Sukanya Samriddhi Yojana Calculator and shed light on how it can help you ensure a prosperous future for your beloved daughter.

What is the Sukanya Samriddhi Yojana Calculator?
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The Sukanya Samriddhi Yojana Calculator is a user-friendly financial tool designed to assist parents in determining the potential returns on their investments in the scheme. By inputting relevant details such as the deposit amount, interest rate, and tenure, parents can calculate the approximate maturity amount they can expect to accumulate over time. This calculator provides invaluable insights and helps parents make informed decisions when planning their daughter's financial journey.

SSY Calculator

SSY CalculatorSSY Calculator

Yearly Investment
Girl's age
Start Period
End Period
Total at the end of 2024 years
₹ 0
Yearly investement
₹ 0
Estimated returns
₹ 0

How to use the Sukanya Samriddhi Yojana Calculator?
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Follow these steps to harness The SSY Calculator’s power.

  1. Visit the official website or a trusted financial portal offering the Sukanya Samriddhi Yojana Calculator.

  2. Enter the initial deposit amount you wish to invest.

  3. Input the annual interest rate offered by the scheme.

  4. Specify the tenure, which is generally 21 years from the account opening date.

  5. Click on the "Calculate" button to generate the projected maturity amount.

SSY Formula
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The formula used by the Sukanya Samriddhi Yojana (SSY) calculator to estimate the maturity amount is based on compound interest. The general formula for calculating compound interest is.

A = P * (1 + r/n)^(n*t)


A = Maturity amount

P = Principal amount (initial deposit)

r = Annual interest rate (converted to decimal)

n = Number of times the interest is compounded per year

t = Number of years

In the case of the SSY calculator, the specific formula considering the compounding frequency is used to calculate the maturity amount. The compounding frequency for Sukanya Samriddhi Yojana is annual.

A = P * (1 + r/100)^t


A = Maturity amount

P = Principal amount (initial deposit)

r = Annual interest rate

t = Number of years

By inputting the initial deposit, interest rate, and tenure into the SSY calculator, the formula is applied to estimate the maturity amount based on the compounding of interest annually.

How can an SSY calculator help you?
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The SSY Calculator is a valuable tool that offers several benefits to parents or guardians planning for their daughter's future. Here are the key reasons why the SSY calculator is useful.

  1. Accurate Financial Planning: The SSY calculator accurately calculates the maturity amount based on the initial deposit, interest rate, and tenure. This helps parents plan their investments effectively and set realistic financial goals for their daughter's education or marriage expenses.

  2. Evaluation of Investment Options: Using the SSY calculator, parents can compare different investment amounts and understand the potential growth of their investments. They can evaluate various scenarios and choose the most suitable investment option based on their financial capabilities and long-term goals.

  3. Understanding the Power of Compounding: The SSY calculator demonstrates the power of compounding interest. It helps parents visualise how their investments grow over time, motivating them to stay committed to the scheme. This understanding can encourage disciplined savings and long-term wealth creation.

  4. Informed Decision-making: The SSY calculator equips parents with essential information to make informed financial decisions. By analysing different investment scenarios, parents can assess the impact of various factors and make adjustments if needed. It empowers them to optimise their investment strategy and make the most of the Sukanya Samriddhi Yojana.

  5. Time-Saving and Convenience: The SSY calculator simplifies the calculation process, saving time and effort for parents. Instead of manually calculating the potential returns, they can quickly obtain accurate results by entering the relevant details into the calculator. This convenience allows parents to focus on other aspects of financial planning for their daughter's future.

  6. Customization and Goal Setting: The SSY calculator enables parents to customise their investment goals based on their specific requirements. They can adjust the deposit amount, tenure, and interest rate to determine how different factors influence the maturity amount. This customization helps in setting realistic goals and creating a personalised investment plan.

Who can use the SSY Calculator?
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The SSY calculator can be used by various individuals involved in financial planning for a girl child. Here are a few examples.

  1. Parents: Parents are the primary users of the SSY calculator as they play a crucial role in securing their daughter's future. They can input the initial deposit, interest rate, and tenure into the calculator to estimate the potential maturity amount. This helps them make informed decisions about the investment amount and set realistic financial goals for their daughter's education or marriage expenses.

  2. Guardians: Legal guardians, such as grandparents or relatives, who have taken responsibility for the girl child's financial well-being, can also use the SSY calculator. They can assess the impact of different investment scenarios and plan accordingly to ensure a secure future for the child.

  3. Financial Advisors: Financial advisors or consultants who guide about Sukanya Samriddhi Yojana and related investment strategies can use the calculator to assist their clients. They can help parents understand the potential growth of their investments, compare different scenarios, and devise a suitable financial plan based on individual requirements.

  4. Educational Institutions: Educational institutions, such as schools or colleges, can use the SSY calculator to educate parents about the benefits and potential returns of investing in the Sukanya Samriddhi Yojana. By demonstrating the growth of investments over time, they can encourage parents to participate in the scheme and secure their daughter's educational aspirations.

  5. Financial Institutions: Banks, post offices, and other financial institutions offering Sukanya Samriddhi Yojana accounts can use the SSY calculator to assist customers in understanding the scheme's benefits. They can provide personalised guidance to customers, showcase potential returns based on different investment scenarios, and facilitate informed decision-making.

How can I use the money saved through SSY contributions?
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Once you have accumulated savings through your contributions to the Sukanya Samriddhi Yojana (SSY), there are various ways you can use the money to benefit your daughter. Here are some common options:

  1. Education Expenses: One of the primary purposes of the SSY is to secure funds for your daughter's education. You can use the saved money to pay for her school fees, tuition expenses, educational materials, or even higher education costs like college or university fees. This ensures she receives quality education and paves the way for a bright future.

  2. Marriage Expenses: The funds accumulated through the SSY can cover wedding-related expenses, including venue bookings, decorations, catering, outfits, jewellery, and other ceremonial requirements. This can alleviate the financial burden associated with marriage and help you memorably celebrate this special occasion.

  3. Professional Training or Skill Development: If your daughter has specific career aspirations or wishes to pursue additional professional training or skill development courses, the saved SSY funds can support these endeavours.

  4. Entrepreneurship or Business Ventures: If your daughter has entrepreneurial aspirations, the money saved through the SSY can be used as seed capital to start her own business or support her entrepreneurial ventures. This can provide her with the necessary resources to turn her ideas into reality and embark on a path of financial independence and success.

  5. Long-term Investments: Alternatively, you may invest the accumulated funds in long-term investment options to generate further growth. This can include avenues such as mutual funds, fixed deposits, or other investment instruments that align with your risk appetite and financial goals.

Eligibility for the SSY Scheme
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To subscribe to the Sukanya Samriddhi Yojana (SSY) scheme, individuals must fulfil the following requirements.

  1. Maximum of Two Girls per Family: This scheme allows a maximum of two girls per family to be enrolled, irrespective of the number of daughters.

  2. Residency: The girl child for whom the account is being opened must be a resident of India.

  3. Age Limit: The girl child should be below 10 years of age at the time of opening the SSY account.

Meeting these eligibility requirements enables individuals to participate in the SSY scheme and secure the financial future of their girl child.

Real-life example of SSY scheme
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Let's consider an example of a family participating in the Sukanya Samriddhi Yojana (SSY) scheme for their daughter.

Family Details:

SSY Account Details:


By following this example, the Sharmas can estimate the maturity amount that will be available for their daughter's education or other future needs after the completion of the 15-year tenure.

Method to use Sukanya Samriddhi Yojana calculator
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  1. Make sure the individual meets the eligibility criteria

  2. Input the age of the girl child and the amount to be invested in the calculator

  3. The minimum investment is Rs. 250 and the maximum investment is Rs. 1.5 Lakhs

What details are shown by SSY calculator?
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Based on the values inputted by the user, the SSY calculator shows:

  1. Maturity date 

  2. Rate of interest

  3. Value of investment at maturity

Limitations of SSY Calculator
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There are certain limitations of the SSY calculator:

  1. If the user inputs wrong information, the results will also be incorrect.

  2. Although there’s a cap for the maximum investment amount (Rs. 1.5 Lakhs), the calculator allows you to enter a higher investment amount.

  3. It is a manual process and can be tedious.

Frequently asked questions
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Here are some common questions about the SSY scheme and the SSY calculator.


What is the minimum and maximum contribution limit for the SSY scheme?

The minimum contribution amount for the SSY scheme is INR 250, and the maximum contribution is INR 1,50,000 in a financial year. However, it is not mandatory to contribute the maximum amount.

What is the maturity period of the SSY scheme?

The maturity period of the SSY scheme is 21 years from the date of opening the account. However, partial withdrawals are allowed once the girl child turns 18 years old, subject to certain conditions.

How is the interest calculated in the SSY scheme?

The interest in the SSY scheme is calculated annually and compounded on a yearly basis. The interest rate is determined by the government and may vary from time to time.

How can an SSY calculator be useful for financial planning?

An SSY calculator is a valuable tool for financial planning as it helps individuals assess the potential growth of their SSY investment. It allows them to experiment with different contribution amounts, tenures, and interest rates to determine the most suitable investment strategy and set realistic financial goals.

Can an SSY calculator be used to compare different investment scenarios?

Yes, an SSY calculator can be used to compare different investment scenarios. By adjusting the parameters in the calculator, such as the contribution amount or tenure, users can visualise the impact on the maturity amount. This enables them to evaluate various investment options and make informed decisions.

Are the results obtained from an SSY calculator accurate?

While an SSY calculator provides approximate projections based on the inputs provided, the actual maturity amount may vary due to changes in the interest rate or other factors. The calculator's results serve as a guide and should be used for estimation purposes only.

Where can I find an SSY calculator to calculate the potential maturity amount?

Several financial websites and official government portals provide SSY calculators. These calculators are easily accessible online and can calculate the potential maturity amount by accurately entering the relevant details.

Disclaimer: The content on this page is generic and shared only for informational and explanatory purposes. It is based on industry experience and several secondary sources on the internet, and is subject to changes.