Calculate Sukanya Samriddhi Accounts Calculator returns, interest rate, and maturity amount easily using our free SSY Calculator.
Sukanya Samriddhi Yojana Calculator
Calculate SSY Maturity Amount Online
The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched in 2015 under the Beti Bachao, Beti Padhao initiative. The scheme is designed to help parents or legal guardians build a secure financial future for their girl child by encouraging long-term savings.
Currently, SSY accounts offer an interest rate of 8.2% per annum, making it one of the highest-interest small savings schemes in India. A Sukanya Samriddhi Yojana Calculator helps you estimate the maturity amount based on your yearly investment and the tenure of the scheme.
Using an SSY calculator online allows you to plan your child’s education and marriage expenses efficiently without doing complex manual calculations.
How Can an SSY Calculator Help You?
Parents often look for investment options that can help cover Education And Marriage Expenses of their daughter in the future.
While many long-term investment options exist, Sukanya Samriddhi Yojana is widely preferred due to:
- High interest rate
- Government backing
- Tax benefits
Under Section 80C of the Income Tax Act, 1961, contributions up to ₹1.5 lakh per year are eligible for tax deduction. Additionally:
- Interest earned is tax-free
- Maturity amount is also tax-free
Since SSY is a long-term investment, manually calculating returns can be confusing and error-prone. This is where the Sukanya Samriddhi Accounts Calculator becomes extremely useful.
The calculator helps parents:
- Estimate maturity value
- Adjust yearly contributions
- Plan investments more effectively
- Avoid calculation errors
The calculator is free, fast, and accurate, and can be used multiple times for different investment scenarios.
Benefits of Using Sukanya Samriddhi Accounts Calculator
Some key benefits of using an SSY calculator online include:
- Shows the maturity year of the SSY account
- Displays the total amount receivable on maturity
- Helps in long-term financial planning
- Saves time and avoids manual errors
- 100% free to use
How Does the SSY Calculator Work?
The maturity period of a Sukanya Samriddhi Yojana account is 21 years from the date of opening.
Key points to remember:
- Contributions are required for only 14 years
- Minimum one deposit per year is mandatory during this period
- No deposits are required from year 15 to year 21
- The invested amount continues to earn interest till maturity
The final maturity amount is calculated based on total contributions + compounded interest.
Sukanya Samriddhi Accounts Calculator Formula
The SSY calculator uses the compound interest formula:
A = P (1 + r/n) ^ nt
Where:
- A = Maturity amount
- P = Principal (yearly investment)
- r = Rate of interest
- n = Number of times interest compounds in a year
- t = Number of years
Since manual calculation using this formula is complex, an online SSY calculator is the best option.
How to Use Sukanya Samriddhi Yojana Calculator Online?
Using the SSY calculator on EexamResult is simple:
- Enter yearly investment amount
- Enter the age of your girl child
- Select the investment start year
The calculator will instantly show:
- Maturity year
- Total invested amount
- Interest earned
- Final maturity value
How Can the SSY Maturity Amount Be Used?
After maturity, the entire corpus can be withdrawn by the girl child.
Education Withdrawal
- Allowed after the girl reaches 18 years of age
- She must have passed 10th standard
- Amount can be used only for education fees and admission charges
- Educational documents and fee receipts are required
Marriage Withdrawal
- Allowed after the girl turns 18 years old
- An affidavit confirming adulthood is required
Why Use Sukanya Samriddhi Accounts Calculator on EexamResult?
EexamResult focuses on providing accurate, student-friendly, and exam-related tools.
Advantages include:
- Clean and simple interface
- Accurate calculations
- Mobile and desktop friendly
- No login required
- Completely free tools
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Helping users with free, accurate, and easy-to-use online tools.
Conclusion
The Sukanya Samriddhi Accounts Calculator on EexamResult is a reliable and easy-to-use tool that helps parents estimate returns accurately. Whether you are planning for higher education or marriage expenses, this calculator allows you to make informed financial decisions without any hassle.
Use the SSY Calculator today and plan your daughter’s future with confidence.
FAQs – Sukanya Samriddhi Accounts Calculator
Who is eligible to open an SSY account?
Parents or legal guardians of a girl child below 10 years of age.
How many SSY accounts can be opened?
Maximum two accounts per family.
What is the minimum yearly deposit?
₹250 per year.
What is the maximum investment limit?
₹1.5 lakh per financial year.
What happens if no deposit is made?
The account becomes inactive but can be revived with a penalty.
What is the maturity period of SSY?
21 years from the date of account opening.