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Modified on : December 24, 2018

SSY (Sukanya Samriddhi Yojana) Calculator 2018
For all SSY Account Calculations

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. Sukanya Samriddhi Yojana is also a very good Tax Saving option for those who are eligible to open accounts under this scheme.

The important FAQs of SSY accounts are :

Who decides SSY Interest rate, what is current SSY interest rate and what have been SSY interest rate in past ?

The SSY interest rate is notified by Central Government from time to time for all authorised banks and post offices. The current rate is 8.50% p.a. w.e.f. 01.10.2018. The SSY interest rates since launch of the scheme have been as under:

Financial YearInterest RateFinancial YearInterest 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.

SSY Calculators

Use SSY (Sukanya Samriddhi Yojana) Calculators for all SSY calculations viz. calculation of estimated / actual Interest, Maturity Amount and Return on Investment for accounts opened since launch of the scheme in any authorised bank or Post Office. 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
Variable Yearly 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 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 Actual Interest and Yearly Balance calculator

This calculator does not make any presumptions 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.

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