Home ❯ Finance ❯ PPF-SSY ❯ SSY Calculator

SSY (Sukanya Samriddhi Yojana) Calculator 2021

What are the features of this SSY Calculator?

This comprehensive and user friendly SSY calculator can be used for calculation of Estimated amount of Interest, Return on Investment and Maturity Amount. The Calculator supports Yearly and Monthly modes of investments.

You may also use Actual SSY Interest and Yearly Balance Calculator to know the amount of Interest payable in your SSY account for your investments made during any year.

FY	Monthly deposit	FY	Monthly deposit	FY	Monthly deposit
Select Investment Mode			Fixed Yearly Fixed Monthly Yearly Investment - Variable Yearly Monthly Investment - Variable Yearly
Select FY of opening A/C
Opening Balance, if any
Fixed Monthly Investment ( Max. 12,500 )

Variable Monthly Investments ( Max. 12,500 )
Variable Yearly Investments ( Max. 150000 )
FY	Yearly deposit	FY	Yearly deposit	FY	Yearly deposit





Fixed Yearly Investment ( Max. 150000 )

Presumptions made in calculations

The account is opened during 1st April to 5th April.
In case of Yearly investments, the investments are made during 1st April - 5th April every year, i.e. the investments qualify for interest for the whole year.
In case of Monthly investments, the investments are made during 1st - 5th of every month, i.e. the investments qualify for interest for the month of investment.
Current Interest rate is applied for all future interest calculations.

Actual SSY Interest and Yearly Balance Calculator

Calculation of actual amount of yearly interest and closing balance on yearly basis. You can use this SSY calculator to check actual amount of interest for any year for amount(s) deposited in SSY account at any time during the year.

Month	Interest rate	Amount Deposited		Effective Balance *
Select Financial Year for Interest Calculation
Opening Balance as on 1st April of the Year, if any
Month	Interest rate	Upto 5th of month	After 5th of month	Effective Balance *
Apr 2020	7.6			0
May 2020	7.6			0
Jun 2020	7.6			0
Jul 2020	7.6			0
Aug 2020	7.6			0
Sep 2020	7.6			0
Oct 2020	7.6			0
Nov 2020	7.6			0
Dec 2020	7.6			0
Jan 2021	7.6			0
Feb 2021	7.6			0
Mar 2021	7.6			0

Total amount invested during Financial Year (Max. Rs. 1.5 lacs)
Interest for the Financial Year				0
Closing Balance for the Financial Year				0
* The effective balance for interest application is the minimum closing balance between 5th and last date of the month.

FAQs : SSY Account

Who decides SSY Interest rate and what is current SSY interest rate?

The SSY interest rate is notified by Central Government from time to time for all authorised banks and post offices. The current Interest rate is 7.60% p.a. applicable w.e.f. 01.04.2020.

What have been SSY interest rates in the past?

The SSY interest rates since launch of the scheme have been as under:

Financial Year	Interest Rate	Financial Year	Interest Rate
Up to 31.03.2015	9.1% p.a.	01.04.2015 to 31.03.2016	9.2% p.a.
01.04.2016 to 30.09.2016	8.6% p.a.	01.10.2016 to 31.03.2017	8.5% p.a.
01.04.2017 to 30.06.2017	8.4% p.a.	01.07.2017 to 31.12.2017	8.3% p.a.
01.01.2018 to 30.09.2018	8.1% p.a.	01.10.2018 to 30.06.2019	8.5 % p.a.
01.07.2019 to 31.03.2020	8.4% p.a.	01.04.2020 onwards	7.6 % p.a.

How SSY interest is applied and compounded?

The interest is payable on minimum balance available in the account from 5th to last day of month. The interest is applied on last day of the financial year and is compounded at yearly rests.

What are tax benefits of investing in SSY account?

Investments under SSY upto prescribed limits (Currently Rs. 1.50 lacs) are eligible for tax rebate under section 80C of Income Tax Act. The interest earned in SSY accounts is exempt from Income Tax.

What are risks of investing in SSY?

SSY (Sukanya Samriddhi Yojana) is a No Risk investment scheme of Government of India.

Updated : Feb 28, 2021

Sitemap Privacy Contact