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SSY Calculator

Updated on January 15, 2021 by sue


SSY Calculator: Use our online Sukanya Samriddhi Yojana (SSY) calculator to calculate the maturity amount, maturity year and interest earned on SSY investment.

SSY Calculator

Latest SSY Interest Rate = 7.6%

₹
Yr

Total Investment

Total Interest

Maturity Year

Maturity Value



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Sukanya Samriddhi Yojana (SSY) brings-in at handling a major problem with the ‘girl’ child – both education and marriage. Laying it’s focus on securing the future for the girl child by building a fund for their education and stress-free marriage expenses. This is the reason SSY introduced Sukanya Samriddhi Account.

How to Use SSY Calculator#

Easy steps to use SSY Calculator Online:

  • Enter your investment per year.
  • Select girl’s age.
  • Enter the starting year of investment.
  • Now, check your total maturity amount, maturity year and interest earned.

Assumptions#

  • Age of a girl must be 1 year
  • The Interest rate remains constant for 21 years at 8.5%*
  • The Contribution is made at the financial year (beginning)
  • The amount is not withdrawn until 21 years
  • SSY is only allowed for 2 girls of the same family
  • Deposits need to be made till year 14 of a girl child
  • SSY comes with tax-benefit

Advantages OF Sukanya Samriddhi Yojana (SSY) Account Calculator#

Given below are a few:

  • It allows you to know the maturity value when the account matures.
  • You can set-up SSY calculator to calculate the maturity-based on monthly/yearly investments.
  • If configured correctly, the SSY calculator can be accurate.
  • You can change the amount any time and still get the maturity value in less than a minute.

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Filed Under: Tools

About Sue

Syed Sunitha is a content maker and web perf analyst at IBPS Recruitment. She authors in-depth guides on SSC, UPSC, MBA, Engineering, Govt Jobs, Bank exams and Financial Calculators. You can find her on Pinterest or directly contact via e-mail.

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