Sukanya Samriddhi Yojana Calculator

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Est. Returns

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About Sukanya Samriddhi Yojana

As of first July 2019, Sukanya Samridddhi Yojana accounts offer rate of interest of 8.4%. A Sukanya Samriddhi Yojana calculator can assist you with determining the returns you get according to the amount invested and time period.Propelled as a part of Beti Bachao Beti Padhao Campaign, Sukanya Samriddhi Yojana is a little savings scheme by the Government of India. The scheme spins around the target of government assistance of women and the girl child in India. With a basic or minimum commitment of Rs.250, applicants of the scheme can get greater returns of 8.4% and tax reduction of maximum Rs.1.5 lakh under segment 80C of the Income charge Act (1961).This scheme empowers legal guardians of the girl child to open a savings account for their kid with an authorized commercial bank or India Post branch.

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Who all can use Sukanya Samriddhi Yojana Calculator?

The initial step to get the advantage of the Sukanya Samriddhi Yojana calculator is to check whether the qualification criteria of the scheme are satisfied. Sukanya Samriddhi Yojana account can be opened by the legal guardian of the girl child, given these conditions are met:-

  • The girl must a resident of India
  • The girl should not be over 10 years old
  • In a family with two girl children, up to two accounts can be opened.

Moreover, the legal guardian will need to present the following documents to have the option to begin the stores in the scheme:-

  • Appropriately filled scheme opening documents which cover the fundamental personal details of the account holder and of the girl child for whom the account is to be opened.
  • Birth certificate of the child.
  • Depositor’s ID proof documents along with a valid address verification.
  • Clinical testament in case there are multiple children born under a single birth order.
  • Any additional documents that may be required concerned authority.

How does Sukanya Samriddhi Yojana Calculator work?

After the arrangement of all the necessary details, the Sukanya Samriddhi Yojana calculator determines the worth which will be sanctioned on maturity. So as to play out the procedure adequately, in any event 1 commitment in a year for a long time is commanded.

  • It is perceived that the person is contributing a same amount each year
  • From 15th year to 21st year, contributions are not required to be made. What’s more, Interests are determined based on past contributions made during the scheme time period
  • The interest created while giving the final amount is considered by the calculator.

Key Features

Here are a few points that we have covered under the working of the Sukanya Samriddhi Yojana calculator which characterizes a strategy to utilize the calculator and how it functions:

  • To play out the computation, one must provide the age of the girl child and the amount to be invested.
  • Minimum amount of commitment to be made towards the scheme is Rs.250
  • Maximum contribution amount is Rs.1,50,000
  • Time period of maturity of the scheme is 21 years

In what manner can a Sukanya Samriddhi Yojana calculator help you?

Frequently parents of the girl child, hope to do investments for the sake of their child that can help meet the costs of their little girl’s education and marriage costs. While there are numerous ways that can assist the parents with accomplishing this, Sukanya Samriddhi Yojana has come out as one of the most popular ones inferable from the high-interest rate and the offered tax benefits. Under Section 80 C of the Income Tax Act, 1961, people can get tax exclusion up to Rs 1.5 Lakh from the amount added to the Sukanya Samriddhi Yojana account.Also, the interest amount created from investment is tax exempted too. Tax benefits are stretched out to the maturity amount as well. That being stated, guardians who have focused in on utilizing Sukanya Samriddhi Yojana as the favored investment choice need an instrument to calculate the total amount on maturity that they would get. Manual calculation is tedious and inclined towards having blunder. This is the place, where the Sukanya Samriddhi Yojana Calculator proves to be useful. As indicated by the maturity amount, investors can make acclimations to regular commitments to arrive at the ideal corpus. The Sukanya Samriddhi Yojana Calculator is free to use and can produce mistake free results for multiple cycles.The Sukanya Samriddhi Yojana is long term scheme that can create high returns or ROI. You need to make a basic commitment every year to keep the account active.Consequently, utilizing a Sukanya Samriddhi Yojana calculator online is gainful to have a general evaluation of your investments and returns.Some advantages of Sukanya Samriddhi Yojana Calculator include:

  • Shows you the time of maturity for your Sukanya Samriddhi Yojana account.
  • Presents the amount you get upon maturity.
  • Causes you plan your investment portfolio all the more successfully.

Calculations Detail

The Sukanya Samriddhi Yojana offers of 8.5% as an interest rate per annum. The time period for maturity for the amount is 21 years. Note that it is significant for people to make at least one commitment a year to keep the scheme active till 14 years are finished. The individual may decide to not make commitments in the Sukanya Samriddhi Yojana account in-between year and year 21 on the off chance that they so wish. Nonetheless, the past investments made into the account will keep gaining on the general interest amount. The final amount is subsequently determined, dependent on your net amount in addition to interest earned.

The Sukanya Yojana calculator utilizes the accompanying formula to create results:-

A = P (1 + r/n) ^ ntWhere –A = Compound interestP = Principal Amountr = Rate of interestn = Number of times interest in a yeart = Number of years/time period

How Might I Use The Corpus Accumulated From SSY Contributions?

After arriving at maturity, the whole corpus collected can be pulled back by the girl child. This should be possible after the accompanying documents are there :-

  • Withdrawal application form
  • ID Proof and valid residential evidence
  • Citizenship documents

The corpus pulled back can be utilized to meet the costs of higher education of the girl child, if she has passed tenth Standard and arrived at the age of 18 years. The amount must be utilized to meet expense and admission charges. To demonstrate that the amount is being used for instructive purposes, the investors are required to submit University affirmation archives along with fees receipts.Untimely withdrawal to meet marriage costs is permitted, given the girl is 18 years old or more. The girl will be required to deliver a testimony that expresses that she is a major.


After arriving at maturity, the whole corpus collected can be pulled back by the girl child. This should be possible after the accompanying documents are there :-

  • Withdrawal application form
  • ID Proof and valid residential evidence
  • Citizenship documents

An SSY account is disabled if you do not make a deposit. However, you can renew your account by paying a fine of Rs. 50. S applies today only. For more details get connected to WealthBucket to assist you. Let us help you out in short-listing and personalizing your investment. Our services relate to but are not limited to, Equity Mutual Fund, Debt mutual fund, Large Cap mutual fund, or Multi-Cap mutual fund.Do call us at +91 8750005655. Or you can mail at

Frequently Asked Questions

Who can become eligible for a Sukanya Samriddhi Yojana account?
How many accounts can be created under Sukanya Samriddhi Yojana?
Minimum amount required to open a Sukanya Samriddhi Yojana account?
What happens in case of no deposits in a year?
Maximum amount allowed to be deposited in a year?
What is the maturity period of Sukanya Samriddhi Yojana account?
Are any tax benefits provided for making an SSY account?
Can a premature SSY be withdrawn?
Can a Sukanya Samriddhi Yojana account be closed before being mature?