What is Sukanya Samriddhi Yojana (SSY)?
Sukanya Samriddhi Yojana (SSY) is a Government of India–backed small-savings scheme designed exclusively for the girl child’s future. It was launched under the “Beti Bachao Beti Padhao” initiative in 2015 to encourage parents to secure long-term financial support for their daughters’ education and marriage.
The scheme allows parents or guardians to open an SSY account for a girl child below 10 years of age at any authorized post office or bank. The account earns a fixed interest rate (decided quarterly by the Ministry of Finance) and offers tax benefits under Section 80C of the Income Tax Act.
At present, the SSY interest rate hovers around 8.2% per annum (as of 2025, subject to quarterly revision).
Key Features:
- Deposit between ₹250 and ₹1.5 lakh per year
- Account matures after 21 years from the date of opening
- Partial withdrawal (up to 50%) allowed after the girl turns 18
- Guaranteed returns, since it’s a government-secured plan
What is a Sukanya Samriddhi Yojana Calculator?
A Sukanya Samriddhi Yojana Calculator is an online financial tool that helps you estimate the maturity value of your SSY investment. By entering your annual deposit amount, investment duration, and the prevailing interest rate, you can instantly know how much corpus will accumulate by the time the account matures.
This calculator eliminates the need for manual compound-interest calculations and gives a clear picture of how consistent savings grow over time — making long-term financial planning for your daughter easier and more reliable.
It’s particularly helpful for parents who want to:
- Forecast the final maturity amount
- Compare various deposit options
- Plan investments systematically to meet education/marriage expenses.
How Can a Sukanya Samriddhi Yojana Calculator Help You?
The SSY calculator helps you make informed decisions by showing exactly how your annual contributions will grow under the scheme’s interest rate. Here’s how it benefits you:
✅ Accurate Projection – Understand the total amount your investment will yield after 21 years.
✅ Smart Planning – Decide your yearly deposit based on future goals like education or wedding funds.
✅ Time-Saving – No need for complex formulas; get instant results online.
✅ Error-Free Calculations – Eliminates manual mistakes and displays a breakdown of your savings year by year.
✅ Tax Optimization – Helps you plan under Section 80C while visualizing long-term compounding benefits.
Using the Business Day SSY Calculator, you can adjust deposit and interest variables freely — ensuring personalized, realistic results every time.
How Does Sukanya Samriddhi Yojana Calculator Work?
The Sukanya Samriddhi Yojana Calculator is based on compound interest applied annually on the deposited amount until maturity.
📘 Formula Used:
Where:
- A = Maturity Amount
- P = Yearly Investment Amount
- r = Rate of Interest (in %)
- t = Number of Years
Example Calculation
| Parameter | Value |
|---|---|
| Annual Deposit (P) | ₹50,000 |
| Duration (t) | 21 years |
| Interest Rate (r) | 8.2% p.a. |
Calculation
But since deposits are made every year, the calculator compounds each year’s contribution individually and sums all results.
| Calculation Type | Value (approx.) |
|---|---|
| Total Investment | ₹10,50,000 |
| Total Interest Earned | ₹16,21,000 |
| Maturity Amount | ₹26,71,000 |
Thus, by investing ₹50,000 every year for 21 years, the maturity amount after compounding at 8.2% will be around ₹26.7 lakh.
How to Use Business Day Sukanya Samriddhi Yojana Calculator?
Using the Business Day SSY Calculator is quick and easy:
- Enter the Annual Deposit – Type how much you plan to invest each year.
- Set the Interest Rate – Default is updated automatically as per current government rate (e.g., 8.2%).
- Choose the Tenure – The standard SSY duration is 21 years.
- Click “Calculate” – Instantly see your total investment, interest earned, and final maturity amount.
- Analyze with Charts – The tool displays visual growth of your investment and compounding interest.
This intuitive calculator provides instant, accurate, and interactive projections for smarter goal-based planning.
Advantages of Using Business Day Sukanya Samriddhi Yojana Calculator
- 💡 Completely Free: Use without login, sign-up, or hidden fees.
- 📈 Instant Results: Get real-time maturity projections in seconds.
- 🧮 Accurate Compounding: Applies government-notified SSY rates automatically.
- 📊 Visual Insights: Interactive graphs for easy understanding.
- 💰 Tax Planning Ready: Estimate benefits under Section 80C investments.
- 📆 Goal Forecasting: Perfect for parents planning long-term education and marriage funds.
- 🔒 Secure and Reliable: 100% online, privacy-safe, and built using trusted Business Day tools.
The Business Day Sukanya Samriddhi Yojana Calculator not only simplifies numbers — it empowers you to plan your daughter’s future with clarity, confidence, and control.