HomeAlternative InvestmentsSukanya Samriddhi Calculator Download - 2024

Sukanya Samriddhi Calculator Download – 2024

Sukanya Samriddhi Account Yojana is one of the best Investment option for Girl Child. Sukanya Samriddhi scheme is predominantly launched as a part of “Beti Bachao Beti Padhao campaign” by the government of India.

Sukanya Samriddhi Scheme Calculator Download

Sukanya Samriddhi Account – Saving Scheme for Girl Child

Sukanya Samriddhi Yojana, launched by the Government of India under the Beti Bachao Beti Padhao campaign, is a savings scheme aimed at providing a bright future for the girl child. It encourages parents to build a corpus for their daughter’s education, marriage, and other life events by making regular contributions to the scheme.

The main goals of Sukanya Samriddhi Yojana are dual: to empower girls and encourage long-term savings in Indian households. By participating in this program, parents can provide a financial safety net for their daughters’ future, guaranteeing access to education and opportunities.

Key Features of Sukanya Samriddhi Account

  • Sukanya Samriddhi Account can be opened at the Post office or at designated bank branches.
  • This account can be opened for girl child on her name by her parents.
  • The age of the girl at the time of opening the account should not be more than 10 years.
  • For the current financial year government has declared 8.2% interest (Jan-March 2024) on this scheme.
  • Investment in this scheme will also give income tax benefits under section 80C.
  • The minimum deposit amount under this scheme is 1000 Rs/- and the maximum is 1.5 Lac per annum.
  • Money must be deposited for 14 years.
  • The maturity of the account is 21 years from the date of opening of the account or as a girl child gets married whichever is earlier.
  • Although a money deposit is not required from 14 years onwards government shall pay interest on this scheme up to 21 years (maturity).
  • 50% withdrawal is allowed for the higher study of girl child after 18 years of age.

Also Read – Sukanya Samriddhi Account – Review, Features & Benefits

If you are looking for good returns with zero risk “Sukanya Samriddhi Account” is for you. This scheme offers tax-free maturity returns.

Sukanya Samriddhi Account – Calculator

Sukanya Samriddhi account can help you to create a big corpus for your girl child, which can be helpful for her education or marriage. Let us see what returns this scheme will offer to investors.

Example 1:-

Monthly Investment – 12,500 Rs/-

Rate of Interest – 9.2%

Investment Period – 14 years

Maturity Amount – 76.97 Lac

Sukanya Samriddhi Scheme Excel Calculator – Download Qly

Sukanya Samriddhi Account

Also Read – 7 Shortcomings of Sukanya Samriddhi Account

Example 2:-

Yearly Investment lump sum – 1.5 Lac (Starting of year)

Rate of Interest – 9.2%

Investment Period – 14 years

Maturity Amount – 80.06 Lac

Assumptions: –

  • Sukanya Samriddhi Account is opened on the birth of girl child. Age -1 Year.
  • Yearly contribution is made at the beginning of the financial year in the month of April every year.
  • In this calculator you need to change interest rate which is released by the government time to time.
  • No withdrawal is made from Sukanya Samriddhi Account throughout 21 years
  • It is not mandatory to contribute fix amount in this account, although for illustration fixed contribution is taken

You can download this calculator from here.


New Calculator for Sukanya Samriddhi Account is added based on the request of readers. Features of New Calculator is given below.

  • Option to select Interest rate every quarter.
  • Option to input investment amount for every month or every year.

This New calculator will give exact information about the maturity value of the Sukanya Samriddhi Account.

Also Read – How to know your Gratuity Benefits – Calculator Download 

How to Open SSY Account?

Opening an SSY account is a straightforward process. Here’s a step-by-step guide:

  1. Visit a designated bank or post office authorized to open SSY accounts.
  2. Fill out the Sukanya Samriddhi Yojana account opening form.
  3. Submit necessary documents such as the girl child’s birth certificate, identity proof, and address proof.
  4. Make the initial deposit amount as specified by the bank or post office.
  5. Upon verification of documents, the SSY account will be opened, and a passbook will be issued.

Who can open this account?

Sukanya Samriddhi Account can be opened by parents or legal guardians of girl child up to 10 years of age. You can open this account if your daughter is born on or after December 2, 2003.

Documents required for Sukanya Samriddhi Account 

  • Birth certificate of girl child
  • Address proof
  • Identity proof, Residence proof
  • Two photographs of legal guardian

NRI Can open this account?

Sukanya Samriddhi Account (SSA) in India are typically restricted to Indian residents. Non-Resident Indians (NRIs) usually aren’t eligible to open an SSA for their daughters because the scheme is primarily designed to benefit Indian resident families.

Online Money Deposit in Sukanya Samriddhi Account is allowed?

Yes, Online money deposits can be made into a Sukanya Samriddhi Account (SSA) as per the rules. Many banks and financial institutions with SSAs offer online banking, allowing for easy deposits into the account.

Usually, parents or guardians can conveniently make regular contributions to their daughter’s Sukanya Samriddhi Account by transferring funds online from their bank account.

However, it’s essential to check with your specific bank or financial institution regarding their online banking services and procedures for depositing funds into a Sukanya Samriddhi Account, as processes may vary slightly between different banks.

Note :- Recently interest rate applicable on Sukanya Samriddhi Account is revised by the government. The new interest rate on SSA will be 8.2 %(Jan-March-2024).

To download Sukanya Samriddhi Account application from CLICK HERE

Also Read – Sukanya Smariddhi Account – Saving Scheme for Girl Child

Where to Open Sukanya Samriddhi Account?

This account can be opened at the post office or other authorized banks.RBI released circular authorizing 28 banks to open SSA. You can open SSA account in to bank which are authorized to open PPF account. List of Bank authorized to Open Sukanya Samriddhi Account is given below.

  • State Bank of India
  • State Bank of Patiala
  • State Bank of Bikaner & Jaipur
  • State Bank of Travancore
  • State Bank of Hyderabad
  • State Bank of Mysore
  • Andhra Bank
  • Allahabad Bank
  • Bank of Baroda
  • Bank of India
  • Punjab & Sind Bank
  • Bank of Maharashtra
  • Canara Bank
  • Central Bank of India
  • Corporation Bank
  • Dena Bank
  • Indian Bank
  • Indian Overseas Bank
  • Punjab National Bank
  • Syndicate Bank
  • UCO Bank
  • Oriental Bank of Commerce
  • Union Bank of India
  • United Bank of India
  • Vijaya Bank
  • Axis Bank Ltd.
  • ICICI Bank Ltd.
  • IDBI Bank Ltd.

Comparison of SSY with Other Schemes

Difference between Sukanya Samriddhi Account, Public Provident Fund and Fixed Deposit

Sukanya Samriddhi Account (SSA)Public Provident Fund (PPF)Fixed Deposit (FD)
ForFor Girl Child Indian CitizenFor Individual Indian CitizenFor Individual Indian Citizen
Age LimitFrom Birth Up to 10 YearsNo age limit.No age limit.
Where to openPost office and Authorized BanksPost office and Authorized BanksAll Banks
Number of AccountOne Account per Girl ChildEach Individual can hold only one account in his name.No limit.
Minimum ContributionRs.1,000Rs.500Rs.500
Maximum ContributionRs.1.5 lakhs in all accounts.Rs.1.5 lakhs in all accounts.No limit.
Interest Rates8.60% for fiscal year 2016-17.(First Quarter)8.10% per annum for fiscal year 2016-17.(First Quarter)7.25% to 9%
Tax Benefit on the ContributionContributed Amount will be deductible u/s 80C.Contributed Amount will be deductible u/s 80C.No Tax Benefit
Tax Benefit on the interest earnedTax FreeTax FreeNo Tax Benefit
Time Period of contribution14 Years from date of opening accountMinimum 15 years and then in blocks of 5 years.One Time
Maturity21 years from the date of opening of account.15 years from the fiscal year of opening of account.Investor Defined at the time of Investment
PenaltyRs.50 per year if minimum contribution is not made.Rs.50 per year if minimum contribution is not made.NA
Mode of DepositCash or Demand Draft or ChequeCash or Demand Draft or ChequeCash or Demand Draft or Cheque
Premature WithdrawalAllowed up to 50% for the girl’s higher education and marriage after she attains 18 years of ageNo premature withdrawal allowed except in case of death of InvestorPremature Withdrawal allowed – Penalty may be applicable
LoanNo loan can be taken on the SSA balance.Loan can be taken from the third year of opening of account to the sixth year.Loan can be taken
Taxation on MaturityNo TaxNo TaxTax as per applicable Slab
Calculator SSA Calculator PPF Calculator

From the above comparison, we can clearly say that the Sukanya Samriddhi Account and PPF is one of the Best Investment Options for Indians.

Hope you like this post and will open a Sukanya Samriddhi Account.

As this is a Government of India scheme, you are advised to visit www.nsiindia.gov.in for the latest information and updates.

Shitanshu Kapadia
Shitanshu Kapadia
Hi, I am Shitanshu founder of moneyexcel.com. I am engaged in blogging & Digital Marketing for 10 years. The purpose of this blog is to share my experience, knowledge and help people in managing money. Please note that the views expressed on this Blog are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment , tax, financial advice or legal opinion. Please consult a qualified financial planner and do your own due diligence before making any investment decision.