Sukanya Samriddhi Yojana Calculator

Calculate Sukanya Samriddhi Yojana maturity amount with SBI interest rates. Plan your girl child's future savings.

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About This Tool

This Sukanya Samriddhi Yojana Calculator helps you estimate the maturity amount for your SSY account with State Bank of India. Enter your annual deposit amount, investment period, and current interest rate to calculate total investment, interest earned, and final maturity value. The calculator provides a detailed year-by-year breakdown showing how your investment grows over time with compound interest. SSY is a government-backed savings scheme for girl children with tax benefits under Section 80C.

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How to Use

Enter the annual deposit amount you plan to invest in SSY.
Select the start year and end year for your investment period.
Enter the current SSY interest rate (default is
2% as per latest SBI rates).
Click 'Calculate Maturity Amount' to see results.
View detailed breakdown including total investment, interest earned, and maturity amount.

Frequently Asked Questions

Find Quick Answers

What is Sukanya Samriddhi Yojana?

Sukanya Samriddhi Yojana (SSY) is a government savings scheme launched in 2015 for the benefit of girl children. Parents can open an account for a girl below 10 years and deposit up to ₹1.5 lakh annually until she turns 21. The account matures when the girl turns 21 or after 21 years from account opening, whichever is later.

What is the current interest rate for SSY?

As of 2023-24, the SSY interest rate is 8.2% per annum compounded annually. The government reviews and revises the rate every quarter. You can enter the current rate in the calculator for accurate results.

How is the maturity amount calculated?

The maturity amount is calculated using compound interest formula: A = P(1 + r/n)^(nt). Since SSY compounds annually, n=1. The calculator sums annual deposits with interest compounded each year until maturity.

Can I use this calculator for SBI SSY accounts?

Yes, this calculator works for SSY accounts with State Bank of India and any other bank since the interest rates and calculation method are standardized across all authorized banks.

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