How to Use Our Calculator

Our SSY Calculator is designed to make financial planning simple and intuitive. Whether you’re new to Sukanya Samriddhi Yojana (SSY) or an experienced investor, this guide will walk you through the steps to use our calculator effectively and get accurate results.

Step 1: Enter Your Deposit Amount

The first step is to input the amount you plan to deposit annually into the SSY account. This can range from ₹500 to ₹1.5 lakh per year. For example:

If you plan to deposit ₹50,000 annually, enter “50000” in the field.
If you’re unsure, you can test different amounts to see how they impact the maturity value.

This amount will be compounded annually at the prevailing interest rate, so even small increases can lead to significant growth over time.

Step 2: Select the Number of Deposits Per Year

Next, choose how frequently you’ll make deposits during the year. Options include:

1: One annual deposit
2: Two semi-annual deposits
4: Quarterly deposits
12: Monthly deposits

For example, if you plan to deposit ₹50,000 annually in four equal installments, select “4” as the number of deposits per year.

Step 3: Set the Duration of Deposits

Sukanya Samriddhi Yojana requires deposits for a minimum of 15 years. Use this field to specify how long you’ll contribute to the scheme:

Enter “15” for the standard duration.
If you plan to stop contributions earlier or extend them, adjust this value accordingly.

Note: Even after stopping contributions, the account continues to earn interest until maturity (21 years).

Step 4: Input the Interest Rate

Enter the current annual interest rate for SSY. As of 2024, the rate is 8.2%, but you can adjust it if there are changes in the future. For example:

Enter “8.2” for the default rate.
Test higher or lower rates to see how they affect your maturity amount.

This flexibility allows you to simulate various scenarios and plan accordingly.

Step 5: Specify the Maturity Period

The total duration of the SSY scheme is 21 years. However, withdrawals are allowed starting from Year 18 for specific purposes like education or marriage. Use this field to set the total period for which you want to calculate returns:

Enter “21” for the full term.
If you plan to withdraw early, adjust this value to reflect the actual duration.

This helps you estimate the maturity amount based on your specific timeline.

Step 6: Click “Calculate”

Once all fields are filled, click the “Calculate” button. Our SSY Calculator will instantly generate:

Maturity Amount: Total amount you’ll receive after the specified period.
Total Deposits: The sum of all contributions made over the years.
Total Interest Earned: The interest accrued due to compounding.
Year-by-Year Breakdown: A detailed table showing deposits, interest earned, and year-end balances.

This breakdown ensures complete transparency and helps you understand how your investment grows over time.

Tips for Using the Calculator Effectively

To get the most out of our SSY Calculator, keep these tips in mind:

Test Different Scenarios: Experiment with various deposit amounts, frequencies, and durations to find the best fit for your financial goals.
Plan for Withdrawals: If you anticipate withdrawing funds for education or marriage, adjust the maturity period accordingly.
Stay Updated: Check the latest RBI-approved interest rates and update the calculator accordingly.
Bookmark the Page: Save our calculator for quick access whenever you need to revisit your calculations.

Why Choose SSYCalculator.co.in?

Our SSY Calculator stands out because it is:

Accurate: Built using the official SSY formula and updated with the latest interest rates.
User-Friendly: Simple interface with instant results and detailed breakdowns.
Private: All calculations happen locally in your browser—no personal data is stored or shared.
Accessible: Fully responsive design for desktops, tablets, and mobile devices.

Start using our SSY Calculator today and take the first step toward securing a brighter future for your loved ones.