How to Calculate Sukanya Samriddhi Yojana’s Maturity Value

Posted by on October 11, 2019 in Economy, Investing, Stuff with 0 Comments

By Kelly Wilson

Sukanya Samriddhi Yojana (SSY) is a small deposit scheme of the Government of India launched solely for a girl child and has been introduced as part of the Beti Bachao Beti Padhao campaign. The objective of this scheme is to cover the cost of education and marriage of girls.


Sukanya Samriddhi Yojana (SSY) is a small deposit scheme launched as part of the ‘Beti Bachao Beti Padhao' campaign for girls. One of the reasons the scheme is popular is because of its tax benefits. As per Section 80C of the Income Tax Act, it comes with a maximum tax benefit of Rs 1.5 lakh. Further, the accrued interest and maturity amount is tax-free.

If you are planning to invest in the scheme then you can use the Sukanya Samriddhi Yojana calculator to calculate the maturity amount at the end of tenure. Through this scheme, you can use a calculator to find out how much you can save for a daughter's elder education and / or marriage.

Who can use the SSY calculator?

To use this calculator, the eligibility requirements of Sukanya Samriddhi Yojana must be met. As per the rules, the following people are eligible to open Sukanya Samriddhi account: 


  1. a) The girl child should not be more than 10 years of age, 
  2. b) The girl must be a resident of India,
  3. c) Cannot open an account in the same family for more than two Girls.

How to use the Sukanya Samriddhi calculator?

If you meet the eligibility criteria, the calculator will ask you to provide your daughter's age and the amount placed in the scheme. The minimum amount you have invested is Rs 1,000 and the maximum amount in a financial year is Rs 1.5 lakh. The government has reduced the minimum investment amount to Rs 250 with effect from July 5, 2018.

How does the calculator work?

The calculator calculates the estimated value that you will receive at maturity depending on the amount entered by you. The plan will mature after 21 years from the date of account opening.

Under the rules of the scheme, depositors are required to make a deposit every year, until the completion of 15 years from the date of account opening. The calculator here assumes you made all the deposits of the same amount each year as you have chosen.

No deposit is required between the 15th and 21st year. You are going to earn interest on the previous deposit, though. The calculator takes into account the interest received in those years.

What does the calculator show?

The calculator will indicate the year in which the account matures, the maturity value, the interest rate by which the maturity value is reached, depending on the details submitted by you. It also demonstrates the amount split that you can invest in the scheme on a monthly basis.

During the next 21 years, while reaching the maturity value, we have set an interest rate of 8.1 percent per annum, as currently provided in the Samridhi Yojana Sukanya.

About the Author

Kelly Wilson is an experienced and skilled Business Consultant and Financial advisor in the USA.  She helps clients both personal and professional in long-term wealth building plans. During her spare time, she loves to write on Business, Finance, Marketing, Social Media. She loves to share her knowledge and Expert tips with her readers.

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