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Updated on : December 15, 2018

SSY (Sukanya Samriddhi Yojana) Calculator

Sukanya Samriddhi Yojana (SSY) was launched, as a part of the "Beti Bachao Beti Padhao" campaign, with an objective to promote welfare of Girl Child. The important features and benefits of SSY accounts are :

SSY Interest Rate :

The interest rate is notified by Central Government from time to time and is same for all authorised banks and post offices. The current rate is 8.50% p.a. w.e.f. 01.10.2018. Interest rate under Sukanya Samriddhi Yojana is usually higher by .5% as compared to PPF scheme.

SSY Interest Application and Compounding:

The interest is payable on minimum balance availabe in the account from 10th to last day of month. The interest is applied on last day of the financial year and is compounded at yearly rests.

Benefits under Sction 80C

The investments under this scheme upto prescribed limits are eligible for tax rebate under section 80C of Income Tax Act.

Taxability of SSY Interest

Interest earned in SSY accounts is exempt from Income Tax.

No Risk Investment

Sukanya Samriddhi Yojana (SSY) is a no risk investment scheme.



SSY Calculators

Use Easy and Simple SSY (Sukanya Samriddhi Yojana) Calculators for calculation of Interest, Maturity Amount and Return on Investment. The calculators have updated interest rates upto 1st October 2018.

SSY Estimated Interest, Maturity Amount and Return on Investment (RoI) calculator

Select Investment Mode
Select Financial Year
Opening Balance, if any
Fixed Monthly Investment ( Max. 12,500 )
Variable Monthly Investments ( Max. 12,500 )
Financial YearMonthly depositFinancial YearMonthly depositFinancial YearMonthly deposit
Vaiable Yealy Investments ( Max. 150000 )
Financial YearYearly depositFinancial YearYearly depositFinancial YearYearly deposit
Fixed Yearly Investment ( Max. 150000 )
Chart : Year-wise Growth in SSY Account
Presumptions made in calculations : View
  • The acount is opened during 1st April to 10th April.
  • In case of Yearly investments, the investments are made during 1st April - 10th April every year, i.e. the investments qualify for interest for the whole year.
  • In case of Monthly investments, the investments are made during 1st - 10th of every month, i.e. the investments qualify for interest for the month of investment.
  • Current Interest rate is applied for all future interest calculations.

SSY Actual Interest and Yearly Balance calculator

This calculator does not make any presumpions regarding date and month of opening of account and date and / or month of making investment. Therefore, the calculations are exact and accurate. Use this calculator to check and verify calculation of Interest and Yearly Balance of your SSY account for any year since 2014-15 on year to year basis. A click or tap on "Calculate for Next Year" button will automatically carry over the Closing Balance of this year as Opening Balance for the next year, change Financial Year and applicable Interest Rate(s).

Select Financial Year for Interest Calculation
Opening Balance as on 1st April of the Year, if any
MonthInterest rateAmount DepositedEffective Balance *
Upto 10thAfter 10th
Apr. 20188.10
May 20188.10
Jun 20188.10
Jul. 20188.10
Aug. 20188.10
Sep. 20188.10
Oct. 20188.50
Nov. 20188.50
Dec. 20188.50
Jan. 20198.50
Feb. 20198.50
Mar. 20198.50
Interest for the Financial Year0
Closing Balance for the Financial Year0
* The effective balance for interest application is the minimum closing balance between 10th and last date of the month.

Sukanya Samriddhi Yojana Interest Rates

Financial YearInterest RateFinancial YearInterest Rate
Up to 31.03.20159.1 % 01.04.2015 to 31.03.20169.2 %
01.04.2016 to 30.09.20168.6 % 01.10.2016 to 31.03.20178.5 %
01.04.2017 to 30.06.20178.4 % 01.07.2017 to 31.12.20178.3 %
01.01.2018 to 30.09.20188.1 % 01.10.2018 onwards8.5 %

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