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SSY Calculator is calculator for Sukanya Samriddhi Yojana 2021

SSY Calculator is calculator for Sukanya Samriddhi Yojana 2021.

Sukanya Samriddhi Yojana (SSY) is a savings scheme launched as part of the Government Of India initiative Beti Bachao, Beti Padhao campaign.

- SSY calculator will help you to calculate how much money you will get once the scheme is mature.

- SSY calculator will provide detail year wise report where you can see interest you gain, amount you deposited, end balance.

- Once you provide input in our Sukanya Samriddhi Yojana calculator you will see total interest you got, final amount, amount you deposited over the years, maturity year.

- By Using SSY Calculator ( Sukanya Samriddhi Yojana Calculator ) you can plan how much amount you should invest to get expected result.

Details app for Sukanya Samriddhi Yojana guide

App contains reference by government official website :

Sukanya Samriddhi Yojana is a government-backed savings scheme as part of the for the benefit of the girl child

Source Of Information is Taken From Official Government Schemes Websites.

In Sukanya yojna , you are only given information about what is Sukanya yojna? And how do you take advantage of it

Disclaimer / Notice :
This is not the official application for any government scheme nor associated with any Govt. Please do not treat this as official application. We are not the official partner of Government or linked with any way with government.We just provide information to user which are available in public domain.
Page Content :
1. How can use Skanya samrudhdhi Calculator?
2. How dose SSY Calculator Work ?
3. Details of SSY Calculator.
4. Monthly anf Yearly contribution Calculation.

A scheme that was launched for girls as a part of the ‘Beti Bachao Beti Padhao’ campaign is the Sukanya Samriddhi Yojana (SSY) scheme.

Contributions as low as Rs.250 can be made
High interest rates of up to 8.50% p.a.
Tax benefits of up to Rs.1.5 lakh
Contributions made are minimal on risk
Who Are The Individuals That Can Use The SSY Calculator?
Individuals who are planning to invest in the SSY scheme can check the amount they will receive at the time of maturity by using the SSY calculator.

In order for individuals to use the SSY calculator, they must meet the eligibility criteria of the scheme. As per the scheme, the below-mentioned individuals can open an SSY account:

The girl must be a resident of India.
The age of the girl should not exceed 10 years.
In a single family, the Sukanya Samriddhi Yojana account cannot be opened for more than two girls.
For more information, Check out related articles Sukanya Samriddhi Yojana Age Limit, Sukanya Samriddhi Account Balance & Sukanya Samriddhi Account Passbook.

Method To Use Sukanya Samriddhi Yojana Calculator
Once the individual has met the eligibility of Sukanya Samriddhi Yojana, the age of the girl child and the amount of investment that must be made should be provided in the calculator. The minimum and maximum amount that can be invested towards the scheme are Rs.250 and Rs.1.5 lakh, respectively. Earlier, the minimum contribution was Rs.1,000. However, the Indian Government reduced the minimum contribution to Rs.250 in July 2018.

How Does SSY Calculator Work?

Based on the details entered by the individual, the SSY calculator determines the amount of money the individual will receive on maturity. The maturity period of the scheme is 21 years.

It is mandatory for individuals to make at least one contribution in a year until the completion of 14 years. The calculator will assume that the same amount of deposit is made on a yearly basis. No deposits are required to be made between year 15 and year 21. However, individuals will earn interest on the previous contributions during this period. The calculator also considers the interest that is generated when providing the final amount.

What Details Are Shown By SSY Calculator?

Depending on the details that are provided by the individual, the calculator shows the year the scheme matures, the interest rate that was used, and the maturity value.

An example of the details shown by the Sukanya Samriddhi Yojana calculator is shown below:


Yearly deposit: Rs.1,00,000
Rate of Interest: 8.50%

Calculation Of Maturity Value Under SSY After 21 Years

As it is difficult to make an accurate calculation of maturity value in this scheme as it depends on many variables. However, by keeping the variable constant with the monthly and the yearly contribution as the only variable, the maturity value can be calculated in the form of a table.

assumed to be 8.1% throughout the period of the scheme for 21 years.

Monthly contributions have to be made on the 1st day of every month.
Yearly contributions have to be made on 1st of April every year.
A fixed amount for monthly or yearly contribution has been consumed.
It has also been assumed that throughout these 21 years, there have been no withdrawals made.
Yearly Contribution Table:

Monthly Contribution Table

Advantages Of Sukanya Samriddhi Yojana Calculator
Sukanya Samriddhi Yojana Calculator – SSY Calculator Online

How Can An SSY Calculator Help You?
The Sukanya Samriddhi Yojana is long-term investment scheme that can generate high ROI. You have to make a minimum contribution each year to keep the account active.

Hence, using a Sukanya Samriddhi Yojana calculator online is beneficial to have an overall assessment of your investments and returns.

Formula Used For Calculating SSY Calculator
The Sukanya Samriddhi Yojana offers an interest rate of 8.5% per annum. As a long-term investment, it also allows the benefit of compounding. The formula as such is –

A Compound interest
P Principal amount
r Rate of interest
n Number of times interest compounds in a year
t Number of years

There are numerous advantages to the Sukanya Samriddhi Yojana calculator and they are:

It allows you to know exactly what you will get as the maturity value when the account matures.
If you have set it up in an excel sheet then you can put in what you intend to invest in the current and see how it will affect the maturity value.
You can even set up the calculator to calculate the maturity value based on monthly or yearly investments.
If configured correctly, the Sukanya Samriddhi Yojana calculator can be extremely accurate.
It can eliminate the mistakes that can creep in if you calculate the maturity value manually.
You can change the amount you plan on investing at any time and still get the maturity value in seconds.

Limitations Of SSY Calculator

When Can We Withdraw From The SSY Account And What Is The Maximum That Can Be Withdrawn?
When the girl child for whom the SSY account has been opened either pass 10th standard or turns 18, you can withdraw from the account. A maximum of 50% of the deposit made towards the account can be withdrawn to be used for higher education of the girl child.

Are There Any Risks Of Investing In SSY?
Since SSY was launched by the Indian Government, there are no risks.

Are there any tax benefits in case an individual invests in an SSY account?
Under Section 80C of the Income Tax Act, 1961, tax benefits of up to Rs.1.5 lakh are exempted.

What Is The Rate Of Interest That Is Earned In An SSY Account?

Currently, the rate of interest is 8.5% for the financial year 2018-2019.

Can the same girl child have more than one SSY account?
No, a girl child can have only one SSY account under her name.

Can An Individual Avail A Loan On SSY Account?

No, loan facilities are not provided under SSY.

Is there any minimum and maximum amount that can be deposited in an SSY account?

The minimum amount is Rs.1,000 and the maximum amount is Rs.1.5

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