Sukanya Samriddhi Yojana Calculator: SSY Calculator Online, Working, Benefits

Sukanya Samriddhi Yojana Calculator:- People who want to invest in the SSY scheme can use the SSY calculator to find out how much they will get back at the end of the term.  The operation of the SSY Calculator, as well as the calculation of the maturity value under SSY after 21 years, will be covered in full in the next article. Additionally, we will discuss The Calculator for the Sukanya Samriddhi Yojana: Pros and Cons, Advantages and Drawbacks of the SSY Calculator. The Sukanya Samriddhi Yojana estimation methods, eligibility requirements, and documents necessary for the SSY plan. सुकन्या समृद्धि योजना से जुड़ी अन्य जानकारी हिंदी में पढ़ने के लिए यहां पर क्लिक करें 

Sukanya Samriddhi Yojana Calculator

Sukanya Samriddhi Yojana Calculator 2024

  • Sukanya Samriddhi Yojana, or SSY for short, is a modest savings plan launched by the Government of India (GOI) in 2015 as part of the Beti Bachao, Beti Padhao Campaign the most successful campaign conducted by the current government. An SSC account may be established in a post office as well as in both private and public sector banks. The interest rate is determined quarterly by the government of India.
  • As we must calculate the most current calculations for the period of April to June 2022, the annualized interest rate is 7.60 percent. 
  • The minimum and maximum annual investment amounts are 250 and 1.5 lakh INR
  • The investor must contribute a minimum of INR 250 each year for 15 years in order to maintain the account.
  • Annual returns are deposited into the account and may be taken when the girl turns 21 or gets married, whichever occurs first.
  • At the age of 18, up to fifty percent of the funds might be taken for the girl’s further education. For the following three years, only the balance amount will accrue interest.
  • Premature withdrawal is only permitted if the infant dies or requires medical care for life-threatening conditions.
  • The SSY account does not accrue interest following the scheme’s expiration.

How to Open Sukanya Samriddhi Account 

Sukanya Samriddhi Yojana Calculator Benefits

Numerous advantages of सुकन्या समृद्धि योजना कैलकुलेटर include:

  • It enables you to know precisely what the maturity value will be when the account advances.
  • You may also configure the calculator to compute the maturity value based on quarterly or annual installments.
  • If properly adjusted, the Sukanya Samriddhi Yojana calculator may be very precise.
  • Calculator can eliminate the errors that might occur when manually calculating the maturity value.
  • You may change the amount you want to invest at any moment and still get the value at maturity in seconds. 
  • This online calculator is simple to use and can be accessed from the comfort of your own home.

Sukanya Samriddhi Yojana Calculator Eligibility

By utilizing the SSY calculator, anyone who is considering investing in the SSY scheme may determine the sum that they can anticipate receiving when the scheme reaches its maturity. For anyone to utilize the SSY calculator, they must fulfill the requirements set out by the scheme’s eligibility criteria. 

  • The applicant girl must be a citizen of India.
  • Age above 10 years are not accepted
  • Only 2 girls can have this scheme benefit from a single family.

Kanya Sumangala Yojana

Sukanya Samriddhi Yojana Calculator: SSY Calculator Assumptions

The Sukanya Samriddh SSCi calculator figures out how much money you will get back based on how much you put into the scheme. So, you can figure out the maturity amount based on the period and use that information to plan for your child’s future.

The Sukanya Samriddhi Yojana calculator makes several assumptions to do this calculation, such as:

  • A person who invests puts away the same amount every year.
  • After the 15th year, there are no more deposits until the 21st year. So, the Sukanya Samriddhi calculator figures out the interest based on how much money has already been put in.
  • For the 21 years that the SSY scheme is in place, the interest rate has stayed the same: 7.6%.
  • Every year on April 1, deposits are made for the whole year.
  • The first of every month is when deposits are made.
  • For 21 years, you can’t take any money out.

SSY Calculator Example to Understand

The calculator should ask for the age of the girl child and the amount that needs to be invested. The lowest amount you can put into the scheme is Rs.250, and the most you can put in is Rs.1.5 lakh.

For example, Mr. and Mrs. Srinath invest in Sukanya Samriddhi Yojana when their daughter Nitya is born.

They contribute INR 50,000 each year for 14 years. They don’t take any money out of the scheme while it’s running. 

At the current rate of 7.60 percent, the total investment of INR 7 lakh would earn a total of INR 14,14,196 in interest after 21 years. By the time Nitya is 21, the value of the investment at its end would be INR 21,14,196.

Kanya Vivah Yojana

SSY Calculator Working

  • The calculator shows the year in which you joined the daughter in this scheme which is not less than 2015.
  • Shows yearly investment which must be a minimum of 250  Rs. and the maximum is Rs 150000. You can choose the amount yearly paid.
  • That’s it and on-screen maturity completion period investments will be shown.
  • For example, if someone chooses the year 2015, investing 1 lakh fifty thousand rupees will yield 65,93,071 in the year 2036.

Formula to Calculate the Interest

below, you can see this formula: This is compound interest formula to calculate interest

A = P(r/n+1) ^ nt


  • T- Interest that builds up over time.
  • P stands for the main amount.
  • r is the interest rate.
  • n is the number of times interest is added to itself in a given year.

It shows how many years have passed.

Let’s look at an example to explain how this formula works:

Let’s say Mrs. Sharma puts Rs. 50,000 into the Sukanya Samriddhi Yojana every year. She has been putting this money away for 14 years. She also doesn’t take any money out during the scheme’s life, which is 21 years.

Lock-in Period of Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana has a 21-year commitment period. Also, a person who puts money in must invest at least once a year for 14 years for the account to stay active. The least you can put in the account each year is Rs.250. Also, the most that can be invested in one financial year is Rs.1,50,000.

But after the 15th year, you can choose not to put any more money into the SSY account until the 21st year. The Sukanya Samriddhi Yojana account will continue to earn interest at the rate that was used for the investments that came before it. So, the final amount at the end of this plan will be added with interest earned.

How Sukanya Samriddhi Yojana Calculator Calculator Helps

SSC calculator is only for those who want to invest in this scheme. It helps you figure out how much your girl child will get at the end of the scheme’s time period.

 So, this calculator saves potential investors from having to do a lot of math.

 This calculator is free to use and can be found online, which makes it easy for investors to use.

Disadvantages of the SSY Calculator

Despite the fact that the Sukanya Samriddhi Yojana calculator is incredibly easy and helpful, there are a few factors that work against it.

  • If it is not properly set up, it may return inaccurate results.
  • Even though the government has set a maximum of Rs. 1.5 lakh for yearly investments, the calculators do not restrict annual investments; thus, if you input an investment of more than Rs. 1.5 lakh, the calculator will still compute a maturity value.
  • Interest rate is kept the same in the calculator and if it changes then you have to calculate all calculations on your own.

Calculator assumes a lot of things  and if you do not understand those assumptions then it’s difficult for you to calculate.

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