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Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme as part of the ‘Beti Bachao, Beti Padhao’ campaign. It aims to encourage parents to build a fund for their female child's future education and marriage expenses.

Sukanya Samriddhi Yojana (SSY) is a savings system introduced in 2015 as part of the government's Beti Bachao, Beti Padhao campaign. This plan allows guardians to create a savings account for their girl child at an accredited commercial bank or India Post branch.

SSY accounts provide an 8.2% interest rate. A Sukanya Samriddhi Yojana calculator can help you calculate the returns based on your investment amount and tenure.  

Who Can Use Sukanya Samriddhi Yojana Calculator? 

The first step in using the SSY calculator is to ensure that the qualifying conditions are met.

The scheme has been realised. Legal guardians of the girl child can open an SSY account, providing the following conditions have been met:

  • The female should be an Indian resident.
  • The girl should be at most ten years old.
  • A family with two female children may open up to two accounts.

The legal guardians must also provide the following documents to begin the process.

Deposits in the scheme

  • Fill out the scheme opening document with basic personal information for the account holder and the girl's kid.
  • Birth certificate for the girl child.

Eligibility Criteria

The SSY account can be opened by a girl child's parents or legal guardians. The child should be less than ten years old when opening the account. Also, the scheme is limited to two girl children per family. However, this limit goes up to three in the case of twin girls as the second or first birth results in three girl children.

Required Documents

To open an SSY account, you must submit the birth certificate of the girl child, address proof, and identity proof of the parent or guardian.

How can an SSY calculator help you?  

Parents often make assets in their daughters' names to cover education and marriage expenditures.

Sukanya Samriddhi Yojana is a popular investment option for parents due to its attractive interest rate and tax benefits. Individuals can claim a tax exemption of up to Rs 1.5 lakh for SSY account contributions under Section 80 C of the Income Tax Act, 1961.

Advantages of SSY

Using the Groww Sukanya Samriddhi Yojana online calculator gives you the following benefits: -

  • The Groww Sukanya Yojana calculator is free and provides error-free results for several iterations.
  • The calculator produces output in seconds.
  • The tool is available on Groww's website without downloading an application.
  • There is no restriction on how many times you may use the SSY calculator.
  • Calculations use current SSY interest rates for greater accuracy, eliminating the need for human entry.
  • The SSY Calculator is current and will automatically reflect any changes to the scheme that influence the corpus calculation.

Understanding the SSY Calculator

The SSY calculator is a tool that helps you calculate the maturity amount at the end of the tenure. You can use it to plan your investments. You need to input your daughter's age and the amount you want to invest every year. The calculator will show you the maturity amount after 21 years.

Case Study

Let’s consider a practical example. Suppose you have a 3-year-old daughter. You decide to invest INR 1,50,000 every year in the SSY account. Using the SSY calculator, you will find that the maturity amount after 21 years will be approximately INR 72,90,000. This amount can significantly cover your daughter’s education and marriage expenses.


In conclusion, the Sukanya Samriddhi Yojana is beneficial for the girl child. It provides financial security and ensures a bright future for your daughter. The SSY calculator is a handy tool that helps you plan your investments effectively.