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# Sukanya Samriddhi Yojna (SSY) Calculator - Calculate Interest Online

Sukanya Samriddhi Yojna Calculator

SSY calculator is applied to calculate the maturity amount at the end of the tenure. If you are planning to invest in the scheme, you can calculate the lumpsum return using our online calculator.

How to calculate the return?

Based on the amount entered by you the calculator, calculates the approximate value that will be received by you at the time of maturity. The scheme would develop after the end of 21 years from the date of opening of the account.

According to the scheme rules, till the completion of 15 years from the date of opening of account a depositor is required to make deposits every year. Here, the calculator assumes that all the deposits of the same amount are made every year as selected by you.

No deposits are required to be made between the 15th year and 21st year. However, interest will be earned on the earlier deposits made. The calculator takes into account the interest that will be ensured to you during those years.

Calculation Formula

Since Sukanya Samriddhi Yojna is a long-term investment, there are definitely combining benefits that are available for the applicants. To calculate the related amount formula used here is -

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

In this formula,

A= Compound Interest

P=Principal Amount

r=Rate of Interest

n=number of times interest compounded in a year

t=number of years

An example of the details shown below by the Sukanya Samriddhi Yojana calculator:

Example 1: Calculation with Rs.1000 Contribution (Yearly)

Fixed Interest- 7.6 %

Payment Frequency- Annually

Result:

Total Amount Deposited- Rs.15,000

Amount after maturity- ₹42,434

Interest Earned- ₹27,434

Example 2: Calculation with Rs.5000 Contribution (Yearly)

Fixed Interest- 7.6 %

Payment Frequency- Annually

Result:

Total Amount Deposited- ₹75,000

Amount after maturity- ₹212,172

Interest Earned- ₹137,172