Sukanya Samriddhi Yojana Calculator

A Sukanya Samriddhi Yojana (SSY) Calculator is an online tool that helps estimate the maturity amount, interest earned, and total savings based on your annual investment and applicable interest rates.

The interest rate for Sukanya Samriddhi Yojana is set by the government and revised quarterly. It generally offers higher returns compared to other small savings schemes to encourage long-term savings for a girl child.

The Sukanya Samriddhi Yojana has a tenure of 21 years from the account opening date. However, deposits are required only for the first 15 years, and the maturity amount is available after 21 years.

The maturity amount is calculated using the compound interest formula based on the deposit amount, tenure, and prevailing interest rate. Online SSY calculators can simplify this process by providing instant estimates.

A parent or legal guardian can open a maximum of two SSY accounts for two daughters. A third account is allowed only in case of twins or triplets in the second birth.

Yes, SSY falls under the EEE (Exempt-Exempt-Exempt) category. Contributions qualify for tax deductions under Section 80C, and both the interest earned and maturity amount are tax-free.

Yes, partial withdrawals up to 50% of the balance are allowed after the girl turns 18 for higher education or marriage. Full withdrawal is permitted after 21 years.

If you miss the minimum annual deposit of ₹250, the account becomes inactive. The penalty of ₹50 per missed year and the minimum deposit of ₹250 applies for each year of missed payments and must be paid to reactivate the Sukanya Samriddhi Yojana (SSY) account.