Sukanya Samriddhi Yojana (SSY) Calculator

Introduction

If you are thinking of saving money for your daughter's future, then the Sukanya Samriddhi Yojana (SSY) is a sensible, government-backed scheme that you may like to consider. It comes with attractive interest rates and tax benefits under Section 80C, ranking it as one of the best long-term saving schemes for a girl child in India.

To plan better, you can use a Sukanya Samriddhi Yojana calculator, an easy online tool that assists in approximating how your deposits will compound through the years.

What is a Sukanya Samriddhi Yojana calculator?

The Sukanya Samriddhi Yojana calculator is a smart online tool that helps you estimate how much your savings under the SSY scheme will grow over 21 years from the date the account is opened. Also known as the SSY calculator, Sukanya calculator, or Sukanya Samriddhi calculator, this free tool is quite popular among parents who want a quick and accurate way to plan their long-term savings.

It requires pretty basic inputs like your annual contribution, the current SSY interest rate, and the duration of investment. Based on this, it calculates key figures like the total investment amount, interest earned, and final maturity value.

The calculator uses the latest Sukanya Samriddhi Yojana interest rate announced by the government to provide you with accurate, updated results. Whether you're comparing various investment options or planning your savings strategy, this tool simplifies financial planning, thus making it smarter and more goal focused.

Who can use the Sukanya Samriddhi Yojana calculator?

The SSY interest rate calculator is designed to be user-friendly. While it is accessible to a wide range of individuals, it is especially designed for those who:

• Are parents to a girl child below the age of 10
• Are legal guardians to a girl child below the age of 10
• Are investing on behalf of their granddaughter

How can the SSY calculator help you?

The Sukanya Samriddhi Yojana calculator is more than just a number-crunching online tool. It adds clarity to your long-term finance planning. This is how it can help you:

• Estimates maturity value: You can see how much your savings will grow by the end of 21 years.
• Easy contribution planning: Whether you want to invest monthly or yearly, the SSY calculator assists you in planning accordingly.
• Real-time interest calculations: The SSY interest rate calculator updates itself automatically basis the current interest rates set by the government.
• Goal planning: Calculate how much you need to save annually if you wish to have a specific amount for your daughter's education or wedding.
• Tax planning: The calculator enables you to plan your 80C investments more effectively.
• Better decision making: By comparing the SSY returns with those of Public Provident Fund (PPF) or Fixed Deposits (FDs), you get to decide how you want to grow your savings.
• Customised forecasting: You can adjust values to see how small changes in investment or timing affect your final corpus.
• Better budgeting: Align your SSY contributions basis your monthly or annual budget more confidently.

How does the SSY calculator work?

The Sukanya Samriddhi Yojana calculator online works based on a simple formula that considers three key components:

1. Investment amount (often yearly)
2. Rate of interest (revised quarterly by the government)
3. Tenure (deposits allowed for 15 years; maturity at 21 years)

Assume you decide to invest ₹1.5 lakh a year, which is the highest permissible investment limit under SSY. The Sukanya interest calculator will use the prevailing interest rate and show you how your money will grow each year with regular contributions.

Here’s how the calculation of Sukanya Samriddhi Yojana works:

• Interest is compounded annually.
• The Sukanya Samriddhi Yojana interest rate calculator updates itself with the latest rate declared by the Finance Ministry.
• Deposits stop after 15 years, but interest continues to accumulate until the 21st year.
• The calculator displays:
  • Total amount invested
  • Total interest earned
  • Final maturity amount and year

For instance, if you contribute ₹1 lakh each year, over 15 years, your overall contribution will be ₹15 lakh. With yearly compounding at 8.2% (as of May 2025), your maturity value might be in the range of approximately ₹40+ lakh after 21 years.

This simple, easy-to-use SSY calculator online removes the guesswork from your planning, offering clear, reliable projections for your daughter’s financial future.

How to use the Kotak Securities SSY calculator online?

Using the Kotak Securities SSY calculator online is pretty quick and effortless. Here’s how to get started:

• Visit the Kotak Securities SSY calculator page
• Input your daughter’s age (must be below 10 years)
• Select the annual investment amount (between ₹250 and ₹1.5 lakh)
• Provide the investment start year
• Click on submit

The result will display the maturity value, interest earned and contribution summary. The Kotak Securities SSY calculator applies the most recent government-announced SSY interest rate to make precise, up-to-date estimates. It’s free to use, requires no sign-up, and is accessible on both desktop and mobile.

Whether you're comparing scenarios, planning contributions, or simply exploring how your savings could grow, the Kotak SSY calculator online assists you to make better, quicker financial decisions.

It's a trustworthy, easy-to-use tool that facilitates long-term goal setting without any complexity or hidden fees.

Advantages of using the Sukanya Samriddhi Scheme calculator

The Sukanya Samriddhi calculator offers several practical benefits that make long-term financial planning easier and more reliable:

• Accurate results: Zero need for any manual computation. This tool gives exact projections depending on current interest rates.
• User-friendly: Even if you are not good with numbers, this interface is simple to use.
• Time saving: Instantly computes long-term returns without spreadsheets or complicated formulae.
• Financial clarity: Know exactly how much you can accumulate by the time your daughter is grown up.
• Smart budgeting: Adjust contribution amounts to match your income and savings goals.
• Tax planning support: Factor in potential deductions under Section 80C to optimise tax savings.

Whether you're using the web-based SSY calculator or a mobile-friendly version, this tool brings clarity and control to your investment journey.

How can I use the corpus accumulated from SSY contributions?

The amount saved through the Sukanya Samriddhi Yojana can be used to support key milestones in your daughter’s life. Here's how:

Higher education: Once she turns 18, you can withdraw up to 50% of the balance for academic expenses—whether it’s college tuition, professional courses, or study abroad programmes.

Wedding expenses: At maturity, the full amount becomes accessible. This can help cover wedding costs, ensuring she begins a new chapter with financial ease.

Entrepreneurship and skill building: Whether she dreams of starting a business or pursuing a specialised course, the SSY corpus offers the flexibility to fund her ambitions, be it medicine, art, engineering, or entrepreneurship.

While SSY is ideal for stable, long-term savings, you can also explore investments like stocks and mutual funds to potentially grow your corpus faster and meet larger financial goals for your daughter with more ease.

Tax benefits calculation of Sukanya Samriddhi Yojana

SSY offers triple tax benefits under the EEE (Exempt-Exempt-Exempt) category. This means:

• Investments up to ₹1.5 lakh are deductible as per Section 80C, which reduces your taxable income and offers quick tax relief.
• Interest earned is free of tax. This allows your savings to grow with zero deductions.
• Maturity amount is also tax free, which means the whole corpus you accumulate will be available without any tax liabilities at the time of withdrawal.

When using the Sukanya Samriddhi Yojana interest rate calculator, you can even view how your tax savings stack up yearly, providing insight into how much you are saving on taxes over the years.
This makes the SSY not only a secure savings option but also an excellent solution for tax planning, ensuring both long-term wealth creation and tax efficiency.

Conclusion

The Sukanya Samriddhi Yojana is one of the most trusted and rewarding savings schemes for securing a girl child’s future. It not only assists parents build a strong financial base for their daughter’s future education or wedding but also offers attractive rates and tax benefits under Section 80C.

To make this journey even simpler, the Sukanya Samriddhi Yojana calculator acts as a helpful guide. This easy-to-use online tool helps you estimate how your investments will grow over 21 years, based on your annual contributions and the current interest rate.

Whether you're starting small or investing up to the maximum limit, the online SSY calculator gives you instant, accurate projections, eliminating guesswork and enabling better decision-making. It’s free, accessible, and perfect for both first-time investors and experienced planners.

By showing your total investment, interest earned, and maturity amount, the calculator helps you stay disciplined and financially prepared for every milestone in your daughter’s journey. For more ambitious goals, you can also consider diversifying with mutual funds or equity investments. These instruments offer potentially higher returns and can help supplement your SSY savings.