How this calculation works
Project the two stages of this SSY illustration: annual deposits for the first 15 years, followed by six years with no new deposits while the balance continues to earn interest. The year-21 amount is a modelled full-term balance, not an early-withdrawal or eligibility calculation.
Worked example
This example uses illustrative inputs. Your current result is shown above.
For an illustrative ₹10,000 annual deposit and a hypothetical constant 5% rate, 15 deposits total ₹1,50,000. The year-15 balance is ₹2,26,574.92; six further years of growth produce ₹3,03,632.06 in year 21, including ₹1,53,632.06 interest. The example rate is not a quoted SSY rate.
Assumptions and limits
- Each annual deposit is made at the start of its year and no deposits are made after year 15.
- The entered rate is fixed for all 21 years although notified rates may change.
- Account-opening age, deposit dates, education withdrawals and premature closure are not modelled.
Questions people ask
Why does the balance keep growing after deposits stop?
The model retains the accumulated balance for six further years. No extra contribution is added, but the entered interest rate is still applied.
Can I use this for the money available for education before year 21?
Not directly. The displayed maturity is the uninterrupted full-term projection. An earlier withdrawal requires a separate date, amount and eligibility assessment.