# Sukanya Samriddhi Yojana Calculator

### Yearly Investment

Enter value between 250 and 150000
250 ₹ 150000

### Start Year

Enter value between 2015 and 2035

### Girl's Age

Must be less than 10 Years

8.2 %
Total Investment
₹ 16,00,000
Total Interest
₹ 17,761
Maturity Year
2036
Maturity Value
₹ 9,57,568

# How to Calculate Sukanya Samriddhi Yojana Returns in 2024

## How Does SSY Calculator Work?

Sukanya Samriddhi Yojana calculator uses the compound interest formula to compute the interest. This formula is presented in the table below:

A = P(r/n+1) ^ nt

Here,

• A stands for compound interest
• P indicates the principal amount
• r is the rate of interest
• n refers to the number of compounding interests in a given year
• t indicates the number of years

Allow us to elucidate on this formula by way of an example:

Let’s say Mrs Sharma invests a yearly amount of ₹50,000 in Sukanya Samriddhi Yojana. She makes this deposit every year for 15 years. Additionally, she makes no withdrawals during the scheme’s tenure, i.e., 21 years.

SSY calculator will utilise this information to employ the aforementioned formula in the following manner:

 Deposit Each Year for 21 Years Interest Earned (as Per the Current Rate @8.2%) (Approx.) Year-end Balance (Approx.) ₹ 50,000 ₹ 4,100 ₹ 54,100 ₹ 50,000 ₹ 8,536 ₹ 1,12,636 ₹ 50,000 ₹ 13,336 ₹ 1,75,972 ₹ 50,000 ₹ 18,530 ₹ 2,44,502 ₹ 50,000 ₹ 24,149 ₹ 3,18,651 ₹ 50,000 ₹ 30,229 ₹ 3,98,881 ₹ 50,000 ₹ 36,808 ₹ 4,85,689 ₹ 50,000 ₹ 43,926 ₹ 5,79,615 ₹ 50,000 ₹ 51,628 ₹ 6,81,244 ₹ 50,000 ₹ 59,962 ₹ 7,91,206 ₹ 50,000 ₹ 68,979 ₹ 9,10,185 ₹ 50,000 ₹ 78,735 ₹ 10,38,920 ₹ 50,000 ₹ 89,291 ₹ 11,78,211 ₹ 50,000 ₹ 1,00,713 ₹ 13,28,925 ₹ 50,000 ₹ 1,13,072 ₹ 14,91,996 ₹ 0 ₹ 1,22,344 ₹ 16,14,340 ₹ 0 ₹ 1,32,376 ₹ 17,46,716 ₹ 0 ₹ 1,43,231 ₹ 18,89,947 ₹ 0 ₹ 1,54,976 ₹ 20,44,922 ₹ 0 ₹ 1,67,684 ₹ 22,12,606 ₹ 0 ₹ 1,81,434 ₹ 23,94,040

Based on the annual deposit of  ₹50,000 for 15 years, the Sukanya Samriddhi calculator will calculate the interest earned as  ₹16,44,040 and the maturity amount as ₹23,94,040.

## Interest Rates for Sukanya Samriddhi Yojana (SSY) and Revision History

The government of India sets the interest rate for the Sukanya Samriddhi Yojana based on the yields from government securities. They review this rate every quarter. Once established, the interest rate remains fixed throughout the scheme. For 2024, the Sukanya Samriddhi Yojana interest rate stands at 8.2% per annum.

Here is a detailed summary of the past interest rates for the Sukanya Samriddhi Yojana:

 Time Period SSY Interest Rate April to June 2024 (Q1 FY 2024-25) 8.2% p.a. January to March 2024 (Q4 FY 2023-24) 8.2% p.a. October to December 2023 (Q3 FY 2023-24) 8% p.a. July to September 2023 (Q2 FY 2023-24) 8% p.a. April to June 2023 (Q1 FY 2023-24) 8% p.a. January to March 2023 (Q4 FY 2022-23) 7.6% p.a. October to December 2022 (Q3 FY 2022-23) 7.6% p.a. July to September 2022 (Q2 FY 2022-23) 7.6% p.a. April to June 2022 (Q1 FY 2022-23) 7.6% p.a. January to March 2022 (Q4 FY 2021-22) 7.6% p.a. October to December 2021 (Q3 FY 2021-22) 7.6% p.a. July to September 2021 (Q2 FY 2021-22) 7.6% p.a. April to June 2021 (Q1 FY 2022-23) 7.6% p.a.