SSY Calculator
Plan your daughter's future with Sukanya Samriddhi Yojana — India's top tax-free girl child savings scheme
functions SSY Formula
Balance = (B_prev + Deposit) — (1 + r)
Deposits: 15 years | Matures at girl's age 21
EEE Status: 80C + Tax-free interest + Tax-free maturity
Real-Life Guide to Using the SSY Calculator
Sukanya Samriddhi Yojana. Use the examples and checks below to turn the number into a practical decision.
When this calculator is useful
Parents or legal guardians of a girl child under 10 who want to project how much a Sukanya Samriddhi account will be worth when she turns 21, or work out the yearly deposit needed to hit a target corpus for her education or marriage.
For most people, the best way to use the SSY Calculator is to try the real case first, then change one input at a time. That makes the trade-off visible. For example, with a loan calculator you can change tenure while keeping the same rate; with an investment calculator you can change return assumption while keeping the same monthly contribution; with a health, education or measurement calculator you can check how much one input changes the final category.
The result should answer a practical question: Can I afford this? How much should I save? Is this score enough? Is this measurement within range? What is the safer or cheaper option? If the output does not answer the decision clearly, adjust the inputs until the scenario matches your real situation.
Practical Advice
Use the SSY Calculator as a planning tool, not just a number generator. Write down the inputs you used, because the final answer is meaningful only when you remember the assumptions behind it.
If the decision affects money, health, tax, safety, academics or legal compliance, keep a second check ready. That second check may be a bank quote, payslip, official rule, prescription, site measurement, mark sheet or invoice.
Common Mistakes
- Trying to open the account after the girl child turns 10, which is not permitted, so the calculator's tenure assumptions will not apply to such cases.
- Assuming deposits are required for the entire 21-year tenure — contributions are mandatory only for the first 15 years, after which the balance simply continues earning interest until maturity.
- Depositing less than ₹250 in a financial year, which makes the account irregular and can require a small penalty payment to reactivate it.
- Overlooking the two-accounts-per-family rule (with an exception for twins or triplets), which can affect eligibility for a third daughter's account if not structured correctly.
- Not modeling the partial withdrawal permitted at age 18 for higher education (up to 50% of the previous year-end balance), which lowers the base the calculator assumes will keep compounding until age 21.
How to Interpret Results
The maturity figure assumes deposits are made every year for the first 15 years and the account is left untouched until the girl turns 21 — if a partial withdrawal is made at 18 for education expenses, the actual maturity balance will be lower than the calculator's headline number.
A good interpretation looks at both the main result and the supporting values. If a page shows totals, ratios, categories, schedules or warnings, read those together instead of focusing only on the biggest number.
SSY Calculator FAQs
Useful answers for interpreting the output, avoiding mistakes and using the result responsibly.
SSY — India's Best Tax-Free Scheme for Girl Children
Sukanya Samriddhi Yojana (SSY) is a government savings scheme specifically for girl children below 10 years of age. At 8.2% p.a. compounded annually, it is one of the highest-yielding small savings schemes — and has EEE tax status.
Deposits are allowed for 15 years from account opening. The account matures when the girl turns 21. The entire maturity amount is fully tax-free. A 50% partial withdrawal is allowed at age 18 for higher education.
Frequently Asked Questions
SSY — India's girl child savings scheme explained