Amount Invested Vs Return
Increasing Investment percentage annually helps to achieve targets faster. 10% is suggested.
The Government of India, as part of its ‘Beti Bachao,
Beti Padhao’ initiative, launched the Sukanya
Samriddhi Yojana (SSY) in 2015. This savings scheme focuses
on promoting the welfare of girl children in the country.
The scheme offers guaranteed returns combined with tax exemptions on
the maturity amount, including interest accrued. With the help of a
Sukanya Samriddhi Yojana calculator, one can easily estimate the
total investment value at maturity and interest earnings that can be
expected out of the investment. Here, we will explain this
calculator in detail and also share additional information on the
An applicant who satisfies the eligibility conditions
of the Sukanya Samriddhi scheme can make use of the calculator
to estimate returns from the scheme.
The eligibility conditions for Sukanya Samriddhi scheme are:
The SSY calculator requires a user to provide his/her
daughter/s age and investment amount to estimate the
investment’s maturity value. The scheme’s minimum investment
amount is Rs. 250 and maximum that can be invested in a
financial year is Rs 1.5 lakhs.
To begin using the calculator, an investor who has
opened the SSY account for his/her girl child must enter the
The maturity year and current interest rate will be
auto-populated in the calculator. Upon entering the
above-mentioned details, the calculator shows the total value of
investment along with the interest earnings on the right-hand
The calculator estimates the approximate maturity
value of the investment made. The scheme attains maturity after
completion of 21 years, starting from the date of account
Assumptions in the calculator:
As per the conditions of the scheme, an investor must
continue to deposit every year for 15 years, starting
from the date of account opening. In this regard, the
SSY calculator assumes that the user has made all the
required deposits each year consistently of the same
amount as entered in the calculator.
The scheme does not require an investor to make any
deposits between the 15th and 21st year of the scheme
enrollment. However, one can still earn interest on the
deposits made earlier. In this regard, the calculator
considers the interest accrued through all those years.
Fisdom’s Sukanya Samriddhi Yojana calculator is
specially crafted for those who are planning to invest in the
SSY scheme for their girl child/children. It helps an investor
in ascertaining the investment maturity amount that his/her girl
child can receive once the scheme’s tenure comes to an end.
In any kind of investment, manual computation of
returns can be cumbersome and may involve human errors. With
Fisdom’s SSY calculator, one can get error-free results.
Based on the maturity amount reflected by the
calculator, an investor can determine the amount of regular
contribution that’ll have to be made to reach the desired
Investors who want to effectively evaluate their SSY
investment and potential returns can plan their investment
portfolio after using the Fisdom Sukanya Samriddhi Yojana
Fisdom’s Sukanya Samriddhi Yojana calculator has a
number of benefits for an investor. Some of them are listed
At maturity, the corpus accumulated in an SSY account
can be withdrawn by the girl child. To withdraw the corpus, the
girl child must furnish, withdrawal application form,
citizenship proof, ID and address proof. Premature withdrawals
are not allowed except for marriage purposes once the girl has
attained 18 years of age.
A parent or guardian can open a SSY account on behalf of his/her girl
child before she has attained 10 years of age.
In case one fails to make timely deposits in the SSY account, the account
may be considered inactive and a penalty charge of Rs. 50 must be paid
towards revival of the same.
The maximum amount that can be deposited in an SSY account in a financial
year is Rs. 1.5 lakhs.
Under section 80C, one can claim income tax benefits for investment made
towards an SSY account in a financial year.
In case the account holder meets an untimely death or is undergoing a
treatment for a life-threatening ailment, the SSY account can be closed