Sukanya Samriddhi Yojana Calculator

Determine the total interest accrued in the Sukanya Samriddhi Yojana using the calculator.
Sukanya Samriddhi Yojana Calculator
6 mins
13 June 2024

What is Sukanya Samriddhi Yojana calculator?

People considering investment in the Sukanya Samriddhi Yojana (SSY) scheme can calculate how much they will get when the account matures by using the Sukanya Samriddhi Yojana Calculator. To use the calculator, individuals need enter their yearly investment amount, and the year in which they are planning open an account in this scheme.

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Who can use the Sukanya Samriddhi Yojana calculator?

Sukanya Samriddhi Yojana calculator is only useful for those investors who are eligible for investing in the particular scheme.

Here are the key conditions:

  • The girl child should be an Indian resident.
  • The girl should be no older than 10 years.
  • Families with two girl children can open up to two Sukanya Samriddhi Yojana accounts.

Additionally, legal guardians must provide certain documents to start deposits in the scheme:

  • A fully completed scheme opening document containing personal details of both the account holder and the girl child.
  • The girl child's birth certificate.
  • The depositor's identification and a valid address proof.
  • If there are multiple children from the same birth, a medical certificate may be required.
  • Any additional documents requested by the relevant authority.

Once you meet these requirements and have the necessary documents, you can use the SSY calculator online to plan your investments.

How can Sukanya Samriddhi Yojana (SSY) calculator help?

Many parents invest in their daughter's future, especially for education and marriage expenses. Sukanya Samriddhi Yojana (SSY) is a popular choice due to its high interest rates and tax benefits. Under Section 80C of the Income Tax Act, you can claim up to Rs 1.5 lakh as a tax exemption for Sukanya Samriddhi Yojana contributions. The interest income is also tax-exempt, and the maturity amount receives tax benefits.

To calculate the maturity amount, the SSY calculator is a handy tool. It simplifies the process, eliminating manual errors. You can adjust contributions to meet your desired savings goal. This free tool offers precise results for multiple scenarios.

Sukanya Samriddhi Yojana is a long-term investment with a minimum annual contribution requirement to keep the account active. Using an online SSY calculator provides an overview of your investments and returns.

Key benefits include:

  • Reveals your Sukanya Samriddhi Yojana account's maturity year.
  • Displays the maturity amount you will receive.
  • Assists in effective investment portfolio planning.

How does the Sukanya Samriddhi Yojana (SSY) calculator work?

The maturity period for this amount is 21 years. It is crucial to note that for the first 14 years, you must make at least one contribution annually to maintain the scheme's active status.

Should you choose not to contribute to your Sukanya Samriddhi Yojana account between the 15th and 21st year, that is perfectly acceptable. Your prior deposits will continue to accrue interest at the prevailing rate. The ultimate amount you will receive is determined by your total contributions and the accumulated interest.

The Sukanya Samriddhi Yojana (SSY) calculator employs this formula to provide you with results:

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



Total amount with interest


Initial amount


Interest rate


Number of times interest is compounded per year


Number of years

How to use Bajaj Finance Sukanya Samriddhi Yojana Calculator (SSY) Online?

It is quite simple to use the Bajaj Finance Sukanya Samriddhi Yojana (SSY) calculator.

Just follow these steps:

  • Enter the “Yearly Investment (in rupees)”.
  • Enter the “Start Year”.

And that’s it!

The calculator will provide an estimate of the total value of your investment at maturity, the total interest earned and the maturity year of your investment.

Advantages of using Bajaj Finance Sukanya Samridhi Scheme Calculator

There are several benefits of using the Bajaj Finance Sukanya Samriddhi Yojana online calculator:

  1. Free and User-Friendly: The Bajaj Finance Sukanya Yojana calculator is free to use and can provide error-free results for multiple scenarios.
  2. Instant Results: It generates results within seconds, providing quick answers to your investment queries.
  3. Online Accessibility: The tool is available online on the Bajaj Finance platform.
  4. Unlimited Usage: You can use the Sukanya Samriddhi Yojana calculator as many times as you need to make different calculations.
  5. Current Interest Rates: Calculations are based on the current Sukanya Samriddhi Yojana interest rates, eliminating the need to manually enter interest rates.
  6. Updated Information: The Sukanya Samriddhi Yojana (SSY) Calculator is always up to date, reflecting any changes in the scheme that may affect your investment calculations.
  7. Device Compatibility: The tool works efficiently on all types of devices, making it accessible to everyone.

The Bajaj Finance Sukanya Samriddhi Yojana (SSY) calculator helps you determine the annual investment you can comfortably make. Opening an Sukanya Samriddhi Yojana account is a smart way to secure your child's future against expenses like higher education.

How can I use the corpus accumulated from Sukanya Samriddhi Yojana contributions?

Upon maturity of the Sukanya Samriddhi Yojana, the girl child can withdraw the entire saved amount. This requires specific documents: a withdrawal application, proof of identity, valid address, and citizenship.

The withdrawn funds can be used for the girl's higher education, but there are conditions. She must have completed the 10th standard and be at least 18 years old. The money is for educational fees and admission charges, and proof is needed, such as university admission documents and fee receipts.

For early withdrawals for marriage expenses, the girl must be 18 or older and provide an affidavit confirming her adult status.

Sukanya Samriddhi Yojana Closure on Maturity

  • The account matures after 21 years from the opening date or if girl marry after reaching the age of 18, whichever is earlier.
  • Withdrawals can be made from the account once the girl child reaches the age of 18 or successfully completes the 10th standard.
  • Withdrawals can be made up to 50% of the balance at the end of the preceding financial year.

Frequently Asked Questions

Who is eligible for a Sukanya Samriddhi Yojana account?

A Sukanya Samriddhi Yojana account can be opened for a girl child below the age of 10 years by her parents or legal guardian.

How many accounts can be created under Sukanya Samriddhi Yojana?

Only one account can be opened for one  girl child under the Sukanya Samriddhi Yojana scheme.

What is the minimum amount required to open an Sukanya Samriddhi Yojana account?

The minimum amount required to open an Sukanya Samriddhi Yojana account is Rs. 250.

What happens when I do not make any deposits?

If no deposits are made in a financial year, the account will be considered as an account under default. To reactivate the account, a penalty of Rs. 50 per year along with the minimum deposit amount for that year needs to be paid.

What is the maximum amount that I can deposit in a year?

The maximum amount that can be deposited in a year is Rs. 1.5 lakh.

What is the maturity period of an Sukanya Samriddhi Yojana account?

The maturity period of an Sukanya Samriddhi Yojana account is 21 years from the date of opening the account.

Does a Sukanya Samriddhi Yojana account provide income tax benefits?

Yes, a Sukanya Samriddhi Yojana account provides income tax benefits under Section 80C of the Income Tax Act, 1961.

Can an account holder prematurely withdraw from an Sukanya Samriddhi Yojana account?

Yes, an account holder can partially withdraw of up to 50% of the total savings from an Sukanya Samriddhi Yojana account under certain circumstances such as marriage  or higher education of the girl.

Can an Sukanya Samriddhi Yojana account be closed before maturity?

Yes, Sukanya Samriddhi Yojana account be closed before maturity, meeting the following requirements:

  1. If the account holder passes away.
  2. In situations of extreme compassion, like life-threatening medical conditions of the account holder or the guardian's demise, leading to excessive hardship for the account holder.

It is  essential to note that no premature closure of the account under these conditions will occur within the first five years from the account opening date.

Can I open 2 Sukanya Samriddhi Yojana accounts for the same girl child?

No, only one Sukanya Samriddhi Yojana account can be opened for a girl child.

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