The Sukanya Samriddhi Scheme Calculator is a tool that figures out the amount of maturation and calculates the earned interest from the Sukanya Samriddhi Yojana Calculator Chart. If you're eligible then you can get the value of the matured investment by simply using Sukanya Samriddhi Account Calculator. The Sukanya Samriddhi Yojana Calculation is cumbersome. This is when the Sukanya Samriddhi Yojana Calculator becomes convenient to use. You can now conveniently use the Sukanya Samriddhi Yojana Calculator in excel.
The Sukanya Samriddhi Scheme is a government-initiated program of savings schemes for a girl child. With the aid of the Sukanya Samriddhi Scheme calculator, one can easily calculate the amount of maturation. It not only provides precise information in no time but also has several other uses like the following:
With the help of the Sukanya Calculator, you can calculate the estimated value of your investment
Sukanya Samriddhi Calculator can aid in planning your portfolio
By using SSY Calculator online, you can get instant updates
The Sukanya Samriddhi Account Calculator provides quick and hassle-free results. It is very convenient to use the same. All you need is to enter the required details and information for calculation. The calculator analyzes offers precise data. You might wonder how the Sukanya Samriddhi Account Calculator works.
Check out the easy steps given below:
Enter the age of the girl child
Enter the year in which investment started
The amount of maturity and total earned interest of the investment will be shown on Sukanya Yojana Calculator
One of the benefits of using the Sukanya Samriddhi Account Calculator is that you can calculate the interest of your investment. The Sukanya Samriddhi Account Calculator takes no time in analyzing and calculating accurate information. For instance, assuming the initial balance is zero, you make a yearly deposit of Rs 25,000. Then, the following is an example of Sukanya Samriddhi Yojana calculator chart with the earned interest:
Financial Year |
Interest Earned (in Rs) |
Closing Balance (in Rs) |
1 |
1,900 |
26,900 |
2 |
3,944 |
55,844 |
3 |
6,144 |
86,989 |
4 |
8,511 |
1,20,500 |
5 |
11,058 |
1,56,558 |
6 |
13,798 |
1,95,356 |
7 |
16,747 |
2,37,103 |
8 |
19,920 |
2,82,023 |
9 |
23,334 |
3,30,357 |
10 |
27,077 |
3,82,364 |
11 |
30,960 |
4,38,323 |
12 |
35,213 |
4,98,536 |
13 |
39,789 |
5,63,325 |
14 |
44,713 |
6,33,037 |
15 |
48,111 |
6,81,148 |
16 |
51,767 |
7,32,916 |
17 |
55,702 |
7,88,617 |
18 |
59,935 |
8,48,552 |
19 |
32,245 |
8,80,797 |
20 |
34,696 |
9,15,493 |
21 |
37,332 |
9,52,819 |
You can also calculate the amount of maturation with the use of the Sukanya Samriddhi Account Calculator. You simply have to enter the required details into the calculator. It displays precise results of your investment. For instance, assuming after the girl child's adulthood, 50% of money can be withdrawn. The following shows the amount she can earn on maturity if the amount deposited yearly is Rs 1,000:
The amount deposited in 14 years |
Maturity amount in 21 years |
Rs 14,000 |
Rs 46,821 |
Rs 28,000 |
Rs 93,643 |
Rs 70,000 |
Rs 2,34,107 |
Rs 1,40,000 |
Rs 4,68,215 |
Rs 2,80,000 |
Rs 9,36,429 |
Rs 7,00,000 |
Rs 23,41,073 |
Rs 14,00,000 |
Rs 46,82,146 |
Rs 17,50,000 |
Rs 58,52,683 |
Rs 21,00,000 |
Rs 70,23,219 |
The Sukanya Samriddhi Yojana Account is government-initiated and is endorsed by many financial institutions. Some of the well known financial institutions, like banks, offer accounts and aid regarding the Sukanya Samriddhi Yojana Account. Few of the account providers of the Sukanya Samriddhi Yojana Account include:
Axis Bank
State Bank Of India
Central Bank of India
ICICI Bank
Canara Bank
The Sukanya Samriddhi Yojana initiative has been taken by considering several factors and financial backgrounds into account. This is why there are several modes by which the guardian of the girl child can make deposits into the Sukanya Samriddhi Yojana Account. Modes that can be used for the deposition are as follows:
Cheque
Cash
E-transfer to the post-office or any concerned bank
Demand draft
It is very convenient to use the Sukanya Samriddhi Yojana Calculator. Among its other benefits, you can utilize the Sukanya Samriddhi Yojana Calculator to check your SSY account balance online. All you need to do it enter the following necessary details:
Fill up the age of the girl
Enter the starting year of the investment
Choose the period of your investment
FAQs on SSY Calculator
Can a person get a hold of the Sukanya Samriddhi account calculator online?
Yes, a person can get hold of it even via online. The use of the SSY calculator online is quite beneficial to get an overall evaluation of the investment made by an individual.
Are any benefits of income tax provided by SSY accounts?
Yes, under the 80C section income tax benefits are provided up to Rs 1.5 Lakhs.
What is the minimum amount of money needed to have an account in SSY?
At least an amount of Rs. 250 is needed.
Can an account of SSY be closed ahead of the maturation period?
Yes, it can be done in the conditions like:
- Death of account holder
- A disease that is life-threatening (Central Government authorized)
Is it convenient to use the Sukanya Samriddhi Yojana Calculator?
The Sukanya Samriddhi Yojana Calculation is a bit complicated and difficult, so the use of a Sukanya Yojana Calculator to get an error-free product for multiple calculations is quite preferable.
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