Calculate maturity amount for Sukanya Samriddhi Yojana (SSY), a government savings scheme for girl child education and marriage. Plan your daughter's future with guaranteed returns.
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Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched under the Beti Bachao, Beti Padhao initiative. The scheme is designed to encourage long-term savings for the education and future needs of a girl child while offering attractive interest rates and tax benefits.
An SSY account can be opened in the name of a girl child before she turns 10 years old. Contributions can be made for up to 15 years from the date of account opening, while the account continues to earn interest until maturity as per the scheme rules.
An SSY Calculator helps estimate the maturity value of your Sukanya Samriddhi Yojana account based on the annual investment amount, investment period, and applicable interest rate. It allows parents and guardians to plan future financial goals for their daughter with greater confidence.
The calculator uses the following key inputs:
Based on these values, the calculator estimates the total investment, interest earned, and maturity value of the account.
Under the Sukanya Samriddhi Yojana, contributions can be made for up to 15 years from the date of account opening. However, the account continues to earn interest until maturity, which occurs 21 years from the date of opening or as per prevailing government rules.
This extended compounding period helps create a substantial corpus over the long term, making SSY one of the most popular savings schemes for a girl child in India.
These benefits make SSY a preferred savings option for parents and guardians planning for their daughter’s future.
Suppose you invest:
In this scenario, the total investment can grow substantially over time due to the long compounding period provided by the scheme.
This example highlights how disciplined annual contributions can help create a sizeable corpus for future educational or personal milestones.
The maturity value of an SSY account depends on several factors:
Higher contributions and a longer investment period generally result in a larger maturity corpus.
| Feature | SSY | PPF |
|---|---|---|
| Eligibility | Girl Child | Any Indian Resident |
| Purpose | Girl Child Savings | General Long-Term Savings |
| Contribution Period | 15 Years | 15 Years |
| Maturity | 21 Years from Opening | 15 Years |
| Tax Benefits | Available as per Applicable Rules | Available as per Applicable Rules |
Both SSY and PPF are government-backed schemes, but SSY is specifically designed to support the financial future of a girl child.
An SSY Calculator helps estimate the maturity value of your Sukanya Samriddhi Yojana account and the wealth that may be accumulated over time. By adjusting the annual contribution and other inputs, you can plan future financial goals more effectively. Use the calculator above to understand the potential benefits of long-term investing through the Sukanya Samriddhi Yojana scheme.
