Sukanya Samriddhi Yojana Calculator

The Sukanya Samriddhi Yojana (SSY) calculator estimates how a planned yearly contribution can grow under a stated annual interest rate. SSY is an Indian small-savings scheme intended to help a parent or guardian build funds for an eligible girl's future. A projection is valuable because the scheme is normally a long commitment: contributions are made during the prescribed deposit window, while interest and maturity rules create a much longer planning horizon. The calculator makes the compounding visible so that a family can compare a minimum contribution, a regular mid-range contribution, and a contribution near the annual limit without doing the arithmetic by hand. Enter the amount to deposit each year, the number of deposit years, and the annual rate. The model uses an annuity-due calculation, which assumes the yearly contribution is deposited at the beginning of each year and earns that year's interest. Its formula is deposit × ((1 + rate)^years − 1) ÷ rate × (1 + rate). Total deposit is simply the yearly amount multiplied by years, while projected interest is the projected value less the deposits. The rate can be changed so that different declared rates can be compared. The currency selector changes display formatting only; SSY deposits and official limits are denominated in Indian rupees. The examples use ₹50,000 annually for 15 years at 8.2%, the statutory minimum ₹250 annually, and a ₹100,000 ten-year plan at 7.5%. They are illustrative savings paths, not rate forecasts. In the actual scheme, the annual contribution floor and ceiling, account opening conditions, withdrawal rules, maturity timing, and tax treatment are set by government rules. Interest rates can be revised, and timing of contributions within a financial year affects real crediting. A projection with a single constant rate therefore cannot replace an account statement. Use the Sukanya Samriddhi Yojana calculator to set a target for education or marriage costs, discuss a recurring savings budget, or compare savings scenarios with an adviser. Keep deposits within the official annual limits and verify eligibility and operational rules with an authorized bank, post office, or current government guidance. It does not account for changing quarterly rates, missed contributions, penalties, partial withdrawals, tax calculations, or account-specific dates. Treat the result as a transparent planning estimate and use official documents for a decision or transaction.