FINBROOKS • BANKING & SAVINGS TOOLS
SSY Calculator
Calculate the estimated maturity value, total investment
and interest earned through Sukanya Samriddhi Yojana.
SSY INVESTMENT DETAILS
Note:
SSY deposits are allowed for up to 15 years from
account opening and the account normally matures
after 21 years from opening. The interest rate can
be revised by the Government from time to time.
Estimated Maturity Value
₹
0
AFTER 21 YEARS
SSY CORPUS GROWTH
Assumptions:
Annual contribution is assumed to be made at the
beginning of each contribution year for calculation
purposes. The selected rate is held constant throughout
the illustration. Contributions stop after the selected
deposit period, while the balance continues to grow until
the selected maturity period.
INVESTMENT VS INTEREST
Estimated Interest Earned
₹
0
COMPOUND GROWTH
INVESTMENT VS INTEREST
Total Investment
Interest Earned
SSY:
The orange line shows cumulative deposits while
the green line shows the interest component of
the estimated corpus.
Year-wise SSY Growth
Track annual contribution, interest earned, closing corpus
and cumulative investment throughout the SSY period.
| Year |
Annual Investment |
Interest |
Closing Corpus |
Total Investment |
| Total |
₹0
|
₹0
|
₹0
|
₹0
|
SSY Calculator – Sukanya Samriddhi Yojana Calculator
FinBrooks SSY Calculator helps estimate the maturity value
of a Sukanya Samriddhi Yojana investment based on annual
contribution, interest rate, contribution period and
maturity period.
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana is a Government-backed small savings
scheme designed for the benefit of a girl child. An account
can generally be opened for an eligible girl child before
she reaches the specified age limit under the scheme rules.
How does the SSY Calculator work?
The calculator adds the selected annual contribution during
the contribution period and applies compound interest to the
accumulated balance until the selected maturity period.
This provides an estimated SSY corpus based on the inputs.
How much can be deposited in SSY?
Under the scheme rules, deposits are subject to an annual
maximum of ₹1.50 lakh. The calculator therefore limits the
annual investment input to ₹1.50 lakh.
How long do I have to invest in SSY?
Deposits can generally be made for up to 15 years from the
date of opening the account, while the account matures after
21 years from the date of opening.
What interest rate does SSY offer?
India Post's published material lists an SSY interest rate
of 8.2%, while also noting that interest rates are revised
periodically. Therefore, the calculator allows the rate to
be changed rather than permanently assuming one rate.
What can I calculate using this SSY Calculator?
- Estimated SSY maturity value
- Total amount invested
- Total interest earned
- Interest percentage
- Year-wise SSY corpus growth
- Investment versus interest growth
Is the SSY Calculator exact?
This calculator provides an illustration based on the
assumptions entered by the user. Actual SSY interest rates
can change because Government small-savings rates are
revised periodically. The actual account calculation should
therefore be checked against the applicable official rules
and rates.
Disclaimer:
This calculator is for educational and estimation purposes
only. It is not investment, tax or financial advice. Actual
SSY returns, interest rates, deposit rules, tax treatment and
maturity calculations may differ. Please verify the latest
applicable rules and rates from official Government/India Post
sources before making a financial decision.