Calculate Return with Sukanya Samriddhi Yojana Calculator

Yearly Investment
Girl’s Age
Year(s)
Start Year
Your Maturity Value is at Latest SSY Interest Rate = 7.60% p.a. till Maturity Year of 21
at Latest SSY Interest Rate = 7.60 p.a. till Maturity Year of
Maturity Value
Total Investment
Total Interest
You can invest an amount of up to ₹1,50,000 for a period of 15 years with maturity period of 21 years. The girl’s age should be less than 10 years while investing. *The SSY Interest rate of 7.60% p.a. is as of Q1 2021.

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What is Sukanya Samriddhi Scheme Calculator?

The Sukanya Samriddhi Scheme Calculator is a tool that figures out the amount of maturation and calculates the earned interest from the Sukanya Samriddhi Yojana Calculator Chart. If you're eligible then you can get the value of the matured investment by simply using Sukanya Samriddhi Account Calculator. The Sukanya Samriddhi Yojana Calculation is cumbersome. This is when the Sukanya Samriddhi Yojana Calculator becomes convenient to use. You can now conveniently use the Sukanya Samriddhi Yojana Calculator in excel.

Download Sukanya Samriddhi Yojana Calculator in Excel

You can also download the free excel sheet and avail the Sukanya Samriddhi Yojana Calculator in excel.

How to Use the SSY Calculator?

The Sukanya Samriddhi Scheme Calculator utilizes certain factors to calculate the amount of maturation and calculates the earned interest from the Sukanya Samriddhi Yojana Calculator Chart. All you need to do is enter the required information and the SSY calculator will show you the result.

The Sukanya Calculator is a box of a formula, where you need to enter the following

  • Girl child's age

  • Amount to be deposited

  • The Initial year of investment

Benefits of the Sukanya Samriddhi Scheme Calculator

The Sukanya Samriddhi Scheme is a government-initiated program of savings schemes for a girl child. With the aid of the Sukanya Samriddhi Scheme calculator, one can easily calculate the amount of maturation. It not only provides precise information in no time but also has several other uses like the following:

  • With the help of the Sukanya Calculator, you can calculate the estimated value of your investment

  • Sukanya Samriddhi Calculator can aid in planning your portfolio

  • By using SSY Calculator online, you can get instant updates

Who can Use the Sukanya Calculator?

The government-initiated program, Sukanya Samriddhi Yojna, is a savings scheme for a girl child. The girl child and the guardian of the child needs to fulfill certain criterias to use the Sukanya calculator. A guardian of a girl child can open the Sukanya Samriddhi Yojna account, but has to fulfill the following criteria:

  • Resident of India

  • Can't be older than 10 years

  • A Single-family consisting of two girl children can open two accounts

How does the Sukanya Samriddhi Yojana Calculator Work?

The Sukanya Samriddhi Account Calculator provides quick and hassle-free results. It is very convenient to use the same. All you need is to enter the required details and information for calculation. The calculator analyzes offers precise data. You might wonder how the Sukanya Samriddhi Account Calculator works.

Check out the easy steps given below:

  • Enter the age of the girl child

  • Enter the year in which investment started

  • The amount of maturity and total earned interest of the investment will be shown on Sukanya Yojana Calculator

What is the Sukanya Samriddhi Yojana Calculation Formula?

For Sukanya Samriddhi Yojana Calculation, the SSY calculator uses the formula: A=P(1+r/n)^nt.

Where A is the compound interest,

r is the rate of interest,

P is the principal amount,

t is the number of years

and n is the total times of compound interest in a year.

You can also utilize the Sukanya Samriddhi Yojana Calculator in excel.

Interest Calculation using Sukanya Samriddhi Account Calculator

One of the benefits of using the Sukanya Samriddhi Account Calculator is that you can calculate the interest of your investment. The Sukanya Samriddhi Account Calculator takes no time in analyzing and calculating accurate information. For instance, assuming the initial balance is zero, you make a yearly deposit of Rs 25,000. Then, the following is an example of Sukanya Samriddhi Yojana calculator chart with the earned interest:

Financial Year

Interest Earned (in Rs)

Closing Balance (in Rs)

1

1,900

26,900

2

3,944

55,844

3

6,144

86,989

4

8,511

1,20,500

5

11,058

1,56,558

6

13,798

1,95,356

7

16,747

2,37,103

8

19,920

2,82,023

9

23,334

3,30,357

10

27,077

3,82,364

11

30,960

4,38,323

12

35,213

4,98,536

13

39,789

5,63,325

14

44,713

6,33,037

15

48,111

6,81,148

16

51,767

7,32,916

17

55,702

7,88,617

18

59,935

8,48,552

19

32,245

8,80,797

20

34,696

9,15,493

21

37,332

9,52,819

Sukanya Yojana Calculator Amortization Schedule

With the use of the Sukanya Samriddhi Account Calculator, you can also calculate the amortization schedule of your investment. The Sukanya Yojana Calculator ensures swift and accurate information conveniently. For instance, assuming that the Sukanya Samriddhi Yojana Account had no balance initially, and the money deposited per year is Rs 6000. Then, here is how a Sukanya Samriddhi calculator works:

Financial Year

Earned Interest

Balance at the End of the Year

1

Rs 247

Rs 6,247

2

Rs 721.76

Rs 12,969

3

Rs 1,232.64

Rs 20,202

4

Rs 1,782.36

Rs 27,984

5

Rs 2,373.80

Rs 36,358

6

Rs 3,010.20

Rs 45,368

7

Rs 3,694.96

Rs 55,063

8

Rs 4,431.80

Rs 65,495

9

Rs 5,224.60

Rs 76,720

10

Rs 6,077.72

Rs 88,798

11

Rs 6,995.64

Rs 1,01,794

12

Rs 7,983.36

Rs 1,15,777

13

Rs 9,046.04

Rs 1,30,823

14

Rs 10,189.56

Rs 1,47,013

15

Rs 11,420

Rs 1,64,433

16

Rs 12,534.96

Rs 1,77,468

17

Rs 13,488.05

Rs 1,90,918

18

Rs 14,512.96

Rs 2,05,431

19

Rs 15,615.67

Rs 2,21,044

20

Rs 16,802.34

Rs 2,37,843

21

Rs 18,079.03

Rs 2,55,919

Sukanya Samriddhi Yojna Closure on Maturity

You can also calculate the amount of maturation with the use of the Sukanya Samriddhi Account Calculator. You simply have to enter the required details into the calculator. It displays precise results of your investment. For instance, assuming after the girl child's adulthood, 50% of money can be withdrawn. The following shows the amount she can earn on maturity if the amount deposited yearly is Rs 1,000: 

The amount deposited in 14 years

Maturity amount in 21 years

Rs 14,000

Rs 46,821

Rs 28,000

Rs 93,643

Rs 70,000

Rs 2,34,107

Rs 1,40,000

Rs 4,68,215

Rs 2,80,000

Rs 9,36,429

Rs 7,00,000

Rs 23,41,073

Rs 14,00,000

Rs 46,82,146

Rs 17,50,000

Rs 58,52,683

Rs 21,00,000

Rs 70,23,219

Eligibility Criteria for Sukanya Samriddhi Yojana Calculator

The initiative of the savings scheme, Sukanya Samriddhi Yojana, for a girl child was to ensure the best possible future for girl children across the nation. This savings scheme can be used by her for her education, in case of emergency, or marriage. Both, the girl child and guardian of the child, need to fulfill certain eligibility criteria before applying for the Sukanya Samriddhi Yojana. Eligibility criteria of Sukanya Calculator include:

  • The girl should be Indian and not more than 10 years old

  • Legal parents can open an account for the girl and maintain it until she is 18

  • One or more accounts can be held by the family only if there are triplets or twins

Account Providers of the Sukanya Samriddhi Account

The Sukanya Samriddhi Yojana Account is government-initiated and is endorsed by many financial institutions. Some of the well known financial institutions, like banks, offer accounts and aid regarding the Sukanya Samriddhi Yojana Account. Few of the account providers of the Sukanya Samriddhi Yojana Account include:

  1. Axis Bank

  2. State Bank Of India

  3. Central Bank of India

  4. ICICI Bank

  5. Canara Bank

Modes of Making Deposits

The Sukanya Samriddhi Yojana initiative has been taken by considering several factors and financial backgrounds into account. This is why there are several modes by which the guardian of the girl child can make deposits into the Sukanya Samriddhi Yojana Account. Modes that can be used for the deposition are as follows:

  • Cheque

  • Cash

  • E-transfer to the post-office or any concerned bank

  • Demand draft

Required Documents to Open an SSY Account

It is very easy to open a Sukanya Samriddhi Yojana Account. There are numerous account providers for the Sukanya Samriddhi Yojana Account. The guardian of a girl child can open an SSY account if they fulfill the required eligibility criteria.

To open an SSY account, the guardian of the girl child need to bring the following required documents:

  • Details of the account holder

  • Depositor's identification documentation along with the accurate address proof

  • The child's birth certificate

How to Check Your SSY Balance by Using SSY Calculator Online?

It is very convenient to use the Sukanya Samriddhi Yojana Calculator. Among its other benefits, you can utilize the Sukanya Samriddhi Yojana Calculator to check your SSY account balance online. All you need to do it enter the following necessary details:

  • Fill up the age of the girl

  • Enter the starting year of the investment

  • Choose the period of your investment

FAQs on SSY Calculator

  • ✔️Can a person get a hold of the Sukanya Samriddhi account calculator online?

    Yes, a person can get hold of it even via online. The use of the SSY calculator online is quite beneficial to get an overall evaluation of the investment made by an individual.

  • ✔️Are any benefits of income tax provided by SSY accounts?

    Yes, under the 80C section income tax benefits are provided up to Rs 1.5 Lakhs.

  • ✔️What is the minimum amount of money needed to have an account in SSY?

    At least an amount of Rs. 250 is needed.

  • ✔️Can an account of SSY be closed ahead of the maturation period?

    Yes, it can be done in the conditions like: 

    • Death of account holder
    • A disease that is life-threatening (Central Government authorized)
  • ✔️Is it convenient to use the Sukanya Samriddhi Yojana Calculator?

    The Sukanya Samriddhi Yojana Calculation is a bit complicated and difficult, so the use of a Sukanya Yojana Calculator to get an error-free product for multiple calculations is quite preferable.

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