Sukanya Samriddhi Yojana is a government savings scheme for the welfare of a girl child, offering a government-declared interest rate with contributions typically made until the child turns 15, and maturity at 21 years from account opening (or on the girl's marriage after 18, per scheme rules). This calculator projects the maturity value.
How to Use This Calculator
- Enter your planned annual contribution.
- Enter the girl child's current age (to determine contribution and maturity timelines).
- Confirm the current Sukanya Samriddhi interest rate (admin-configured, editable).
- View the projected maturity value.
How the Calculation Works
Contributions made each year (up to the scheme's contribution window) compound annually at the government-declared Sukanya Samriddhi rate until the account matures, per current scheme rules.
Worked Example
See the calculator above for a projection using your own contribution plan and the currently configured interest rate, since this scheme's rate is revised quarterly by the government and is not fixed here.
Who Should Use This
Parents or legal guardians saving for a girl child's education or marriage expenses through a government-backed scheme.
Important Considerations
The scheme's interest rate, contribution ceiling, and maturity/withdrawal rules are set by government notification and revised periodically — verify current details on the India Post or National Savings Institute website before relying on this projection.
Common Mistakes
Assuming contributions can continue indefinitely is incorrect — the scheme has a defined contribution window (currently up to 15 years from account opening) after which the balance simply continues to earn interest until maturity.
References
Official source: National Savings Institute, Ministry of Finance.