Sukanya Samriddhi Yojana Calculator 2025: Interest Rate and Maturity Period
Short Info: The Sukanya Samriddhi Yojana Calculator 2025 is now available online to Indian residents. To determine the maturity amount under the scheme, any Indian citizen with a Sukanya Samriddhi account can now go to the official website. A government assistance program for all Indian nationals who are the parents of a girl child is called the Sukanya Samriddhi Yojana. In comparison to other savings bank accounts, the Sukanya Samriddhi Yojana offers a greater interest rate. The Sukanya Samriddhi Yojana application form can only be completed by the parents of a girl child under the age of ten.
Sukanya Samriddhi Yojana:
What is it? The Indian federal government introduced the Sukanya Samriddhi Yojana in 2015 as part of the “Beti Bachao, Beti Padhao” campaign. The primary objective of the Sukanya Samriddhi Scheme is to encourage parents of Indian girls to save more money. Since the initiative requires a minimum payment of INR 250, any Indian citizen who is struggling financially can also profit from it. The account will mature at the age of 21, or when the girl child marries after turning 18.
Key Highlights of Sukanya Samriddhi Yojana Calculator
| Key Highlights | Details |
| Name of the Scheme | Sukanya Samriddhi Yojana Calculator |
| Launched By | Government of India |
| Launch Date | 2015 |
| Announced By | Prime Minister of India |
| Purpose | Increase the habit of saving |
| Beneficiaries | Citizens of India |
| Target Beneficiaries | Parents of girl child |
| Advantage | Provide money to the girl child |
| Eligibility Criteria | Parents of girl child below the age of 10 years |
| Required Documents | Aadhaar Card, Bank account |
| Application Process | Online |
| Official Website | |
| Financial Commitment | |
| Expected Benefits | High interest rate |
Silent Features
High interest rate:The interest rate offered by the Indian central government on savings deposits made through the program is significantly higher than that of any other savings account.
Lump sum money: Through this program, parents of a girl child can set aside a certain amount of money for the girl’s future education or marriage after she turns 18.
Tax-free: There is no tax associated with the maturity amount or the amount that will be paid to the girl child’s parents.
Flexibility: All Indian nationals, even those with unstable finances, are eligible to profit from the initiative since the minimum deposit amount is INR 250.
Interest Rates
| Financial Year | Date Range | Interest Rate |
| 2014–15 | 1 April 2014 to 31 March 2015 | 9.1% |
| 2015–16 | 1 April 2015 to 31 March 2016 | 9.2% |
| 2016–17 | 1 April 2016 to 30 September 2016 | 8.6% |
| 2016–17 | 1 October 2016 to 31 March 2017 | 8.5% |
| 2017–18 | 1 April 2017 to 30 June 2017 | 8.4% |
| 2017–18 | 1 July 2017 to 31 December 2017 | 8.3% |
| 2017–18 | 1 January 2018 to 31 March 2018 | 8.1% |
| 2018–19 | 1 April 2018 to 30 September 2018 | 8.1% |
| 2018–19 | 1 October 2018 to 31 March 2019 | 8.5% |
| 2019–20 | 1 April 2019 to 30 June 2019 | 8.5% |
| 2019–20 | 1 July 2019 to 31 March 2020 | 8.4% |
| 2020–21 | 1 April 2020 to 31 March 2021 | 7.6% |
| 2021–22 | 1 April 2021 to 31 March 2022 | 7.6% |
| 2022–23 | 1 April 2022 to 31 March 2023 | 7.6% |
| 2023–24 | 1 April 2023 to 31 December 2023 | 8.0% |
| 2023–24 | 1 January 2024 to 31 March 2024 | 8.2% |
| 2024–25 | 1 April 2024 to 30 June 2024 | 8.2% |
SSY Interest Rate Calculation Formula
Sukanya Samriddhi interest is calculated using the formula A = P(1+r/n)^nt, where
P is the initial deposit,
r is the interest rate, and
n is the number of years the interest accumulates.
t = Years
A = Total at maturity
Which amounts are the minimum and maximum?
The Sukanya Samriddhi Yojana requires a minimum deposit of INR 250. The Sukanya Samriddhi Yojana has a maximum deposit of INR 1.5 lakh.
What is the Maturity Period?
The savings account of Sukanya Samriddhi will mature in 21 years, or when the girl child marries after turning 18.
Procedure to Open Sukanya Samriddhi Yojana Account?
STEP 1: Opening an account for the Sukanya Samriddhi Yojana is a pretty easy process. Every qualified resident is required to attend the closest bank branch or post office.
Step 2: The parents of the girl child must speak with the relevant government representative and request the application form once they arrive at the closest post office or bank branch.
STEP 3: The parents must begin filling out the application form as soon as they receive it, providing all requested information and enclosing any required paperwork, such as the girl child’s birth certificate and Aadhar card.
STEP 4: The parents can now return the application form to the government official with the initial deposit, which can range from INR 250 to INR 1.5 lakh, after completing all the necessary information.
STEP 5: The parents will receive a password to log all transactions after completing the application and paying the initial deposit.
Withdrawal Rules
1. Higher Education: Parents may take out up to 50% of the maturity amount to help their daughter’s further education after she finishes the tenth grade. This makes it possible to continue learning without having to worry about money.
2. Marriage: If the parents decide to go forward with the wedding after the daughter becomes 18, they may take out 50% of the maturity funds to pay for marriage-related costs.
3. Medical Emergencies: Premature account closing is allowed to assist the family in meeting immediate financial demands in the event that the girl child has a life-threatening illness or if one of the guardians dies.
4. Required Documentation: Reliable documented proof must be provided before any withdrawal is handled. This could include a marriage certificate for withdrawals related to marriage or a Class 10th or higher passing certificate for withdrawals related to education.
FAQs
Who is qualified to receive the Sukanya Samriddhi Yojana’s benefits?
A girl kid under the age of ten who is eligible to open an account under the Sukanya Samriddhi Yojana has all of her parents as legal guardians.
What is the Sukanya Samriddhi Yojana’s current interest rate?
The Sukanya Samriddhi Yojana now has an interest rate of 8.2%.
What formula is used to determine the amount of Sukanya Samriddhi?
The Sukanya Samriddhi amount can be computed using the formula A = P(1+r/n)^nt.
