Sukanya Samriddhi Yojana Calculator helps in estimating the corpus you can accumulate in the name of your girl child by investing in this scheme. All you have to do is go to the SSY Calculator and provide inputs such as Start Year, Yearly Investment and the Annual Interest Rate. The link to Sukanya Samriddhi Yojana (SSY) Calculator 2024 is here.

With the help of the SSY Calculator, this article explains how much money you can accumulate through this scheme. But first, you should know a few points:

• Sukanya Samriddhi Account is available for opening only in the name of a girl child aged below 10 years.
• In a single family, the Government allows up to two SSY accounts.
• SSY account opening facility is available in Post Office and banks (See Full List). 
• SSY interest rate varies from time-to-time. It is subject to quarterly revision by the Ministry of Finance. 
• For January-March Quarter of FY 2023-24, the Government has fixed Sukanya Samriddhi Yojana interest rate at 8.2%. 
• In the previous quarter (October-December 2023), the SSY interest rate was 8%. 
• You can deposit up to Rs 1.5 lakh per year in an SSY account. 
• You can make deposits in the SSY account for maximum up to completion of 15 years from the date of opening.
• The Sukanya Samriddhi account  matures after 21 years from the date of opening. It can also be closed at the time of marriage of the girl child after attaining age of 18 years.

Now, let’s see what the SSY Calculator shows:

Note: For illustration purposes, we have assumed 8.2% interest. In the actual course of the life of an SSY account, the interest rate may go through multiple revisions.

SSY Calculation On Deposit of Rs 1.5 Lakh Per Year

The Sukanaya Samriddhi Yojana calculator shows you can get approximately Rs 71.8 lakh on maturity by investing Rs 1.5 lakh per year, starting from 2024. The account will mature after 21 years in 2045. 

SSY Calculator On Deposit of Rs 1 Lakh Per Year

The Sukanaya Samriddhi Yojana calculator shows you can get approx Rs 47.9 lakh on maturity by investing Rs 1 lakh per year, starting from 2024.

Also Read: 10 Tips to Cure Empty Wallet Syndrome

On Deposit of Rs 50,000 Per Year

The Sukanaya Samriddhi Yojana calculator shows you can get approx. Rs 23.9 lakh on maturity by investing Rs 50,000 lakh per year, starting from 2024. 

On Deposit of Rs 25,000 Per Year

The Sukanaya Samriddhi Yojana calculator shows you can get approx Rs 11.97 lakh on maturity by investing Rs 25,000 lakh per year, starting from 2024. 

On Deposit of Rs 10,000 Per Year

The Sukanaya Samriddhi Yojana calculator shows you can get approx Rs 4.8 lakh on maturity by investing Rs 10,000 lakh per year, starting from 2024. The account will mature after 21 years in 2045. 

Note: The above is for illustration purposes only. Actual corpus that you can accumulate for your girl child through SSY account  will depend on the total amount invested and the actual interest rate announced by the Government every quarter. 

The next revision of SSY interest rate will be by March 31, 2024.

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