Visit the official website or a trusted financial portal offering the Sukanya Samriddhi Yojana Calculator.

Enter the initial deposit amount you wish to invest.

Input the annual interest rate offered by the scheme.

Specify the tenure, which is generally 21 years from the account opening date.

Click on the "Calculate" button to generate the projected maturity amount.

Accurate Financial Planning: The SSY calculator accurately calculates the maturity amount based on the initial deposit, interest rate, and tenure. This helps parents plan their investments effectively and set realistic financial goals for their daughter's education or marriage expenses.

Evaluation of Investment Options: Using the SSY calculator, parents can compare different investment amounts and understand the potential growth of their investments. They can evaluate various scenarios and choose the most suitable investment option based on their financial capabilities and long-term goals.

Understanding the Power of Compounding: The SSY calculator demonstrates the power of compounding interest. It helps parents visualise how their investments grow over time, motivating them to stay committed to the scheme. This understanding can encourage disciplined savings and long-term wealth creation.

Informed Decision-making: The SSY calculator equips parents with essential information to make informed financial decisions. By analysing different investment scenarios, parents can assess the impact of various factors and make adjustments if needed. It empowers them to optimise their investment strategy and make the most of the Sukanya Samriddhi Yojana.

Time-Saving and Convenience: The SSY calculator simplifies the calculation process, saving time and effort for parents. Instead of manually calculating the potential returns, they can quickly obtain accurate results by entering the relevant details into the calculator. This convenience allows parents to focus on other aspects of financial planning for their daughter's future.

Customization and Goal Setting: The SSY calculator enables parents to customise their investment goals based on their specific requirements. They can adjust the deposit amount, tenure, and interest rate to determine how different factors influence the maturity amount. This customization helps in setting realistic goals and creating a personalised investment plan.

Parents: Parents are the primary users of the SSY calculator as they play a crucial role in securing their daughter's future. They can input the initial deposit, interest rate, and tenure into the calculator to estimate the potential maturity amount. This helps them make informed decisions about the investment amount and set realistic financial goals for their daughter's education or marriage expenses.

Guardians: Legal guardians, such as grandparents or relatives, who have taken responsibility for the girl child's financial well-being, can also use the SSY calculator. They can assess the impact of different investment scenarios and plan accordingly to ensure a secure future for the child.

Financial Advisors: Financial advisors or consultants who guide about Sukanya Samriddhi Yojana and related investment strategies can use the calculator to assist their clients. They can help parents understand the potential growth of their investments, compare different scenarios, and devise a suitable financial plan based on individual requirements.

Educational Institutions: Educational institutions, such as schools or colleges, can use the SSY calculator to educate parents about the benefits and potential returns of investing in the Sukanya Samriddhi Yojana. By demonstrating the growth of investments over time, they can encourage parents to participate in the scheme and secure their daughter's educational aspirations.

Financial Institutions: Banks, post offices, and other financial institutions offering Sukanya Samriddhi Yojana accounts can use the SSY calculator to assist customers in understanding the scheme's benefits. They can provide personalised guidance to customers, showcase potential returns based on different investment scenarios, and facilitate informed decision-making.

Education Expenses: One of the primary purposes of the SSY is to secure funds for your daughter's education. You can use the saved money to pay for her school fees, tuition expenses, educational materials, or even higher education costs like college or university fees. This ensures she receives quality education and paves the way for a bright future.

Marriage Expenses: The funds accumulated through the SSY can cover wedding-related expenses, including venue bookings, decorations, catering, outfits, jewellery, and other ceremonial requirements. This can alleviate the financial burden associated with marriage and help you memorably celebrate this special occasion.

Professional Training or Skill Development: If your daughter has specific career aspirations or wishes to pursue additional professional training or skill development courses, the saved SSY funds can support these endeavours.

Entrepreneurship or Business Ventures: If your daughter has entrepreneurial aspirations, the money saved through the SSY can be used as seed capital to start her own business or support her entrepreneurial ventures. This can provide her with the necessary resources to turn her ideas into reality and embark on a path of financial independence and success.

Long-term Investments: Alternatively, you may invest the accumulated funds in long-term investment options to generate further growth. This can include avenues such as mutual funds, fixed deposits, or other investment instruments that align with your risk appetite and financial goals.

Maximum of Two Girls per Family: This scheme allows a maximum of two girls per family to be enrolled, irrespective of the number of daughters.

Residency: The girl child for whom the account is being opened must be a resident of India.

Age Limit: The girl child should be below 10 years of age at the time of opening the SSY account.

Make sure the individual meets the eligibility criteria

Input the age of the girl child and the amount to be invested in the calculator

The minimum investment is Rs. 250 and the maximum investment is Rs. 1.5 Lakhs

Maturity date 

Rate of interest

Value of investment at maturity

If the user inputs wrong information, the results will also be incorrect.

Although there’s a cap for the maximum investment amount (Rs. 1.5 Lakhs), the calculator allows you to enter a higher investment amount.

It is a manual process and can be tedious.