Updated on : 21st Sept., 2018

SSY Calculators : 2018
Interest Rates updated upto 1st October 2018

Sukanya Samriddhi Yojana (SSY) is a small deposit scheme for girl child, launched as a part of the 'Beti Bachao Beti Padhao' campaign. The scheme provides undernoted benefits to the investors :

  1. Deposits made in Sukanya Samriddhi Yojana accounts upto prescribed limits are eligible for relief under section 80C of Income Tax Act.
  2. Assured tax free returns.
  3. All withdrawals from Sukanya Samriddhi Yojana accounts are exempt from Income Tax.

Use this calculator for easy calculation of estimated SSY Interest, SSY Maturity Amount and SSY Return on Investment for Fixed Monthly Investment / Fixed Yearly Investment / Variable Yearly Investment / Variable Yearly - Monthly Investment modes in SSY (Sukanya Samriddhi Yojana / Scheme) accounts. The calculators have up-to-date Interest rates and can be used for SSY accounts in all authorised banks and Post Offices. You may also use calculator for calculation of Actual Interest and Yearly Closing Balance for any mode of investment on year to year basis.

SSY Estimated Interest, Maturity Amount and Return on Investment 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

Use this calculator to calculate the exact amount of yearly Interest and Closing Balance of your SSY account on year to year basis for any investment mode. 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 %

You may like to know :

Who is eligible to open SSY account?

The account may be opened by the natural or legal guardian in the name of a girl child from the birth of the girl child till she attains the age of ten years. A depositor cannot open multiple or more than one account in the name of a Girl Child. Natural or legal guardian of a girl child shall be allowed to open the account for two girl children only.

Where to Open a SSY account?

SSY accounts can be opened at at designated branches of State Bank of India and other authorised banks, all Head Post Offices and other designated Post Offices.

What is minimum amount of deposit in a PPF account?

The account may be opened with an initial deposit of ₹ 250 ( reduced from ₹ 1000/- ) rupees and thereafter any amount in multiple of one hundred rupees may be deposited subject to the condition that a minimum of ₹ 250 ( reduced from ₹ 1000/- ) shall be deposited in a financial year.

What is maximum amount of deposit in a SSY account?

A maximum of Rs. 1.50 lac can be deposited in a year in a SSY account.

What is period of deposit in SSY account?

Deposits in an account may be made till completion of fourteen years, from the date of opening of the account.

What is SSY Interest rate?

SSY interest rate is notified by the Central Government from time to time. The Interest rate notified by the Central Government is applicable to all authorised Banks and Post Offices. The current interest rate is 8.1% per annum.

How SSY interest is calculated?

SSY Interest for a month is calculated at prevailing notifed rate ( current rate 8.1% ) on the minimum balance available in PPF account from 10th of a month to the last date of the month. PPF interest is applied at year end and is compounded yearly.

What is maturity period of SSY account?

SSY account mature on completion of twenty-one years from the date of opening of the account (provided that where the marriage of the account holder takes place before completion of such period of twenty one years, the operation of the account is not permitted beyond the date of her marriage).

You may like to view / download :

  1. SSY account features and tax benefits
  2. SSY Account Opening form in fillable format