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SSY Calculator 2020

Estimated SSY Interest, Maturity and Return Calculator

Use this SSY Calculator for calculation of date of maturity, applicable interest rate, estimated amount of Interest, Return on Investment and Maturity and to view graph of year-wise growth for

Investment Mode
FY of opening A/C
Opening Balance, if any
Investment ( Max. 12,500 )
Investments ( Max. 12,500 )
FYMonthly depositFYMonthly depositFYMonthly deposit
Investments ( Max. 150000 )
FYYearly depositFYYearly depositFYYearly deposit
Investment ( Max. 150000 )
Chart of Year-wise Growth
Hide / Show Columns
Year FY Intt rate During Year Upto Year RoI
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

Use this SSY Calculator for calculation of actual amount of yearly interest earned and closing balance on yearly basis for PPF accounts opened since launch of Sukanya Samriddhi Yojana / Scheme to till date.

Select Financial Year for Interest Calculation
Opening Balance as on 1st April of the Year, if any
Month Interest rate Amount Deposited Effective Balance *
Upto 5th of month After 5th of month
Apr 20207.60
May 20207.60
Jun 20207.60
Jul 20207.60
Aug 20207.60
Sep 20207.60
Oct 20207.60
Nov 20207.60
Dec 20207.60
Jan 20217.60
Feb 20217.60
Mar 20217.60
Interest for the Financial Year0
Closing Balance for the Financial Year0
* The effective balance for interest application is the minimum closing balance between 5th and last date of the month.

If you like SSY calculators by Karvitt (formerly Finotax), please share it with your friends / colleagues else send us your suggestions to improve it.

FAQs : SSY Account

Who can use this SSY Calculator?
This SSY calculator can be used by any person, who is eligible to open a SSY account or has a SSY account in any authorised bank or post office for calculation of Interest, Return and Maturity Amount of Investment in SSY Account.
Who decides SSY Interest rate?
The SSY interest rate is notified by Central Government from time to time for all authorised banks and post offices.
What is current SSY interest rate?
The current 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 31.03.20159.1% p.a.01.04.2015 to 31.03.20169.2% p.a.
01.04.2016 to 30.09.20168.6% p.a.01.10.2016 to 31.03.20178.5% p.a.
01.04.2017 to 30.06.20178.4% p.a.01.07.2017 to 31.12.20178.3% p.a.
01.01.2018 to 30.09.20188.1% p.a.01.10.2018 to 30.06.20198.5 % p.a.
01.07.2019 to 31.03.20208.4% p.a.01.04.2020 onwards7.6 % 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?
The investments under SSY upto prescribed limits 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.