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SSY Calculator
Estimate how yearly deposits into a Sukanya Samriddhi account could grow. Deposits run for up to 15 years and the account keeps earning interest until it matures 21 years after opening.
Estimate Sukanya Samriddhi Yojana maturity amount.
Free to run · to save projections to your live dashboard
Enter values and click Calculate to see results
Worked example
Calculated by the same engine as the calculator above.
- Inputs
- Yearly Deposit
- ₹50,000
- Interest Rate (% p.a.)
- 8.2
- Deposit Period (Years, max 15)
- 15
- Result
- Total Deposited
- ₹7,50,000
- Balance When Deposits Stop (Year 15)
- ₹14,91,996
- Interest Earned
- ₹16,44,040
- Maturity Amount (Year 21)
- ₹23,94,040
Formula
B_y = (B_(y-1) + D) × (1 + r)
- B_y = balance at the end of year y (B_0 = 0)
- D = yearly deposit
- r = annual interest rate / 100
- D is added in years 1 to the deposit period (max 15); from then to year 21, D = 0 and the balance keeps compounding
Assumptions
- Each yearly deposit is made at the start of the year and interest compounds annually.
- Deposits are allowed for 15 years from opening and the account matures 21 years from opening (Sukanya Samriddhi Account Scheme, 2019). The maturity value includes interest for the years after deposits stop.
- The rate is fixed. The rate field is pre-filled at 8.2% p.a. as a starting value; the actual rate is notified by the government.
- Deposit limits, partial withdrawals for education and tax are not modelled.
- Educational estimate only, not financial advice. Capitallytics does not execute transactions.
SSY Calculator FAQ
Answers about how this calculator works.
Does this SSY calculator include interest after deposits stop?
Yes. Deposits stop after the deposit period (at most 15 years), and the balance keeps earning interest with no further deposits until the account matures 21 years after opening. Both the balance when deposits stop and the maturity value are shown.
What deposit period should I enter?
Deposits into an SSY account can be made for 15 years, which is the default. A shorter period is allowed; anything above 15 is treated as 15.
What interest rate should I use?
Enter the currently notified SSY rate. Rates are reviewed periodically, so a long-term estimate is only a guide.
Does the calculator check the yearly deposit limit?
No. It accepts any amount, so check the current minimum and maximum yearly deposit before planning.