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Calculate SSY Interest, Maturity Amount and Return

Sukanya Samriddhi Yojana / Sukanya Samriddhi Yojana was launched, as a part of the "Beti Bachao Beti Padhao" campaign, with an objective to promote welfare of Girl Child. Sukanya Samriddhi Yojana is also a very good Tax Saving option for those who are eligible to open accounts under this scheme in view of the following:

  • Tax benefits under section 80C of Indian Income Act are available for investment in Sukanya Samriddhi Yojana account,
  • The interest earned in Sukanya Samriddhi Yojana account is not taxable and
  • the investments under Sukanya Samriddhi Yojana / Scheme have no market related or other risks.

Select and Use

SSY Calculator 1 : Calculate Estimated SSY Interest, Mturity and Return

Use this SSY Calculator for SSY account in any authorized bank (SBI, HDFC, ICICI, PNB, BOB, IDBI, ....) or Post Office. Features of this calculator are view more ...
  • Calculation of estimated SSY Interest, Maturity Amount and Return on Investment (RoI).
  • The calculator takes into account applicable rates notified by the Central Government from time to time since launch of the SSY upto the current date.
  • The calculation of future Interest is made at the current prevailing SSY Interest rate.
  • The calculator provides option for selecting investment in Fixed Yearly or Fixed Monthly or Yearly Investment-Variable Yearly and Monthly Investment-Variable Yearly modes.
  • The calculator also shows Graph of Year-wise Growth in SSY Account.

Select Investment Mode
Select FY of opening A/C
Opening Balance, if any
Fixed Monthly Investment ( Max. 12,500 )
Variable Monthly Investments ( Max. 12,500 )
FYMonthly depositFYMonthly depositFYMonthly deposit
Variable Yearly Investments ( Max. 150000 )
FYYearly depositFYYearly depositFYYearly deposit
Fixed Yearly Investment ( Max. 150000 )
Chart of Year-wise Growth
Hide / Show Columns
Year FY Intt rate During Year Upto Year RoI
YearFYIntt. Rate %During the YearUpto the YearRoI %
DepositInterestDepositInterestBalance
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Presumptions made in calculations : View
  • The account 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 Calculator 2 : Calculate Actual SSY Interest, Mturity and Return

Use this SSY Calculator for SSY account in any authorized bank (SBI, HDFC, ICICI, PNB, BOB, IDBI, ....) or Post Office. Features of this calculator are view more ...
  • Calculation of actual SSY Interest, Maturity Amount and Return on Investment (RoI).
  • The calculator takes into account actual date of investment in SSY account. Thus, the calculation of interest is actual as per the applicable interest rate upto the current date.
  • The calculation of future Interest is made at the current prevailing SSY Interest rate.
  • The calculations are on yearly basis. On Click / Tap on "Calculate for Next Year" the Closing Balance of the Current Year gets carried over as "Opening Balance for the Next Year" and applicable interest rate also change.

Select Financial Year for Interest Calculation
Opening Balance as on 1st April of the Year, if any
Month Interest rate Amount Deposited Effective Balance *
Upto 10th After 10th
Apr 20198.50
May 20198.50
Jun 20198.50
Jul 20198.50
Aug 20198.50
Sep 20198.50
Oct 20198.50
Nov 20198.50
Dec 20198.50
Jan 20208.50
Feb 20208.50
Mar 20208.50
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.

SSY account FAQs :

Click on Question to view / hide its content / answer.

Who decides SSY Interest rate?
The SSY interest rate is notified by Central Government from time to time for all authorised banks and post offices.
What is current SSY interest rate?
The current rate is 8.50% p.a. w.e.f. 01.10.2018.
What is history of SSY interest rates?

 The SSY interest rates since launch of the scheme have been as under:

Financial Year Interest Rate Financial Year Interest Rate
Up to 31.03.20159.1% p.a.01.04.2015 to 31.03.20169.2% p.a.
01.04.2016 to 30.09.20168.6% p.a.01.10.2016 to 31.03.20178.5% p.a.
01.04.2017 to 30.06.20178.4% p.a.01.07.2017 to 31.12.20178.3% p.a.
01.01.2018 to 30.09.20188.1% p.a.01.10.2018 onwards8.5 %
How SSY interest is applied and compounded?
The interest is payable on minimum balance available 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.
What are tax benefits of investing in SSY account?
The investments under SSY upto prescribed limits are eligible for tax rebate under section 80C of Income Tax Act. The interest earned in SSY accounts is exempt from Income Tax.
What are risks of investing in SSY?
SSY (Sukanya Samriddhi Yojana) is a No Risk investment scheme.

Modified : May 28, 2019