Sukanya Samriddhi Yojana Calculator
The Sukanya Samriddhi Yojana is a government savings scheme for a girl child. Deposits are made for 15 years and the account matures after 21 years. Enter your yearly deposit and the current rate to see the final amount.
Results
Maturity value
₹71,82,119
- Total deposited (15 years)
- ₹22,50,000
- Total interest
- ₹49,32,119
- Girl's age at maturity
- 23
- Balance after 15 years
- ₹44,75,989
Depositing ₹1,50,000.00 a year for 15 years at 8.2% grows to ₹71,82,119.17 when the account matures 21 years after opening, when the girl is 23.
Account balance
- Deposits
- Interest
Balance by year (21 rows)
| Year | Girl's age | Deposited so far | Balance |
|---|---|---|---|
| Year 1 | 3 | ₹1,50,000 | ₹1,62,300 |
| Year 2 | 4 | ₹3,00,000 | ₹3,37,909 |
| Year 3 | 5 | ₹4,50,000 | ₹5,27,917 |
| Year 4 | 6 | ₹6,00,000 | ₹7,33,506 |
| Year 5 | 7 | ₹7,50,000 | ₹9,55,954 |
| Year 6 | 8 | ₹9,00,000 | ₹11,96,642 |
| Year 7 | 9 | ₹10,50,000 | ₹14,57,067 |
| Year 8 | 10 | ₹12,00,000 | ₹17,38,846 |
| Year 9 | 11 | ₹13,50,000 | ₹20,43,732 |
| Year 10 | 12 | ₹15,00,000 | ₹23,73,618 |
| Year 11 | 13 | ₹16,50,000 | ₹27,30,554 |
| Year 12 | 14 | ₹18,00,000 | ₹31,16,760 |
| Year 13 | 15 | ₹19,50,000 | ₹35,34,634 |
| Year 14 | 16 | ₹21,00,000 | ₹39,86,774 |
| Year 15 | 17 | ₹22,50,000 | ₹44,75,989 |
| Year 16 | 18 | ₹22,50,000 | ₹48,43,020 |
| Year 17 | 19 | ₹22,50,000 | ₹52,40,148 |
| Year 18 | 20 | ₹22,50,000 | ₹56,69,840 |
| Year 19 | 21 | ₹22,50,000 | ₹61,34,767 |
| Year 20 | 22 | ₹22,50,000 | ₹66,37,818 |
| Year 21 | 23 | ₹22,50,000 | ₹71,82,119 |
Show the calculation steps
- Deposits are made for 15 years; interest is credited yearly and the account matures after 21 years.
- Each year: balance = (balance + deposit) × (1 + 8.2%), assuming deposits are made early in the year.
- Balance after 15 years = ₹44,75,989.33; it keeps earning interest for six more years to ₹71,82,119.17.
- Total deposited = ₹22,50,000.00; interest = ₹49,32,119.17.
- The rate is set by the government and reviewed every quarter; enter the current rate. Deposit limits (minimum and maximum a year) apply. Partial withdrawals for education are allowed under the scheme rules and are not modelled.
How the account works
You deposit for 15 years from opening, and the account earns interest until it matures 21 years after opening. There is a minimum and maximum yearly deposit, and the interest rate changes with government announcements.
Planning for education and marriage
Part of the balance can be withdrawn for higher education once the girl turns 18, under the scheme rules. This calculator shows the full balance, without withdrawals.
Formula
Balance at the end of year k = (Balance + Deposit) × (1 + r) for years 1 to 15
Years 16 to 21: Balance × (1 + r), with no new deposits
Where:
- r
- = Annual interest rate as a decimal
- Deposit
- = Amount deposited each year for the first 15 years
Example calculation
₹1,50,000 a year for a 2-year-old at 8.2%
Inputs
- Yearly Deposit
- ₹1,50,000
- Girl's Age Today
- 2 years
- Interest Rate
- 8.2 %
Result
- Maturity value
- ₹71,82,119
- Total deposited (15 years)
- ₹22,50,000
- Total interest
- ₹49,32,119
- Girl's age at maturity
- 23
- Balance after 15 years
- ₹44,75,989
Step-by-step
- Deposits are made for 15 years; interest is credited yearly and the account matures after 21 years.
- Each year: balance = (balance + deposit) × (1 + 8.2%), assuming deposits are made early in the year.
- Balance after 15 years = ₹44,75,989.33; it keeps earning interest for six more years to ₹71,82,119.17.
- Total deposited = ₹22,50,000.00; interest = ₹49,32,119.17.
Important notes
- Assumes yearly deposits are made early in the year. Check current limits and rules with your bank or post office.
Disclaimer: This calculator provides estimates for informational purposes and should not be considered financial advice. Actual figures from lenders, banks and investment products can differ because of fees, taxes, rounding rules and changing rates. Consult a qualified professional before making financial decisions.
Frequently asked questions
For how long do I deposit in Sukanya Samriddhi?
For 15 years from opening. The account matures 21 years after opening.
What is the interest rate on SSY?
It is set by the government and reviewed every quarter. Enter the current rate.
Can I withdraw before maturity?
A limited withdrawal is allowed for education after the girl turns 18, and the account can be closed in some circumstances. This calculator does not model withdrawals.
Related calculators
- PPF CalculatorCalculate the maturity value and tax-free interest on a Public Provident Fund account for 15 years or longer.
- Fixed Deposit CalculatorCalculate the maturity value and interest on a fixed deposit with quarterly, monthly, half-yearly or yearly compounding.
- EPF CalculatorProject your Employees' Provident Fund balance at retirement from salary, contributions, growth and the current EPF rate.
- NPS CalculatorEstimate your National Pension System corpus at retirement, the lump sum you can withdraw and the monthly pension from an annuity.
Explore more in Savings & Deposit Calculators.