Sukanya Samriddhi Yojana Calculator: Calculate Returns- Sarkari Yojana

Sukanya Samriddhi Yojana is a Government Savings Scheme aimed at ensuring financial security and future security for the Indian girl child. The scheme has been launched by Prime Minister Narendra Modi under the “Beti Bachao, Beti Padhao” campaign. Through Sukanya Samriddhi Yojana, parents can open an investment account for their daughters and make regular deposits for their future.

In this scheme, minimum deposit amount is fixed and interest is paid on compound basis on annual basis. The duration of this scheme is 21 years and after this, parents can withdraw the entire amount from the account for their daughter. This scheme has been launched with the aim of welfare of women and girl child in India. With a minimum contribution of Rs 250 to Rs 1,000, applicants of the scheme can get a better return of 1961 under Section 80C of the income tax act (8.00%) and a maximum of Rs 1.5 lakhs if invested in it. You can get tax exemption up to Rs 5 lakh.

SSY अकाउंट कैल्कुलेशन 21 वर्ष की योजना के कार्यकाल

How much will Sukanya Samriddhi Yojana get on deposit of Rs 250 per month?
Annual investment = Rs. 250
Duration = 15 years
Total amount invested at the end of 15 years = Rs 3,500
Interest rate for 1 year = 8%
21 interest at the end of the year = Rs. 3,750 is
Maturity value at end of 21 years = Rs 11,633

How much will you get in Sukanya Yojana for 14 years by depositing ₹1000 in 21 years?

How much will Sukanya Samriddhi Yojana get on deposit of Rs 1500 per month?

How much will you get in Sukanya Yojana for 14 years by depositing ₹1000 in 21 years?

How much will you get in Sukanya Yojana for 14 years by depositing ₹1,50,000 in 21 years?

How does Sukanya Samriddhi Yojana (ssy) calculator work?
Sukanya Samriddhi Yojana (ssy) calculator helps you to calculate the amount of interest generated as a result of investment in the scheme. This calculator will show you the principal amount invested in the plan, the interest rate, the number of years to calculate the interest, and the final amount (Compound Interest) Based on the period of interest withdrawal.

You must enter the following details in the calculator:

Primary amount (P): the primary amount of your investment that you want to deposit into the account.
Interest rate (r): the interest rate of the plan at which you will get interest on the investment amount.
Number of years to calculate annual interest (n): number of years to calculate interest in a year.
Investment Period (t): the period in which you place your investment amount over the years.
This calculator will use these details to display the final amount (compound interest) which will represent the amount you will get at the end of the plan. This way, you can get an idea of the approximate amount of interest that your investment may generate as a result.

Key points of Sukanya Samriddhi Yojana calculator
Sukanya Samriddhi Yojana calculator takes the following main points into account:

Primary amount: this amount is the indicative and known amount of investment that you want to deposit into the account. This is the primary investment amount on which the interest rate is calculated. The minimum contribution amount for the scheme is Rs 250. And the maximum amount is Rs 1,50,000. Is

Interest rate: in this you have to pay the interest rate mentioned in the plan. This rate is set by banks because the annual interest rate is competitive and variable. The current rate is 8%

Maturity period: the maturity period of the scheme is 21 years

Ssy calculation formula
The calculation formula used in the Sukanya Samriddhi Yojana calculator is given below:

A = P (1 + r/n)^(n*t)

Here,
A = amount of compound interest (final amount)
P = principal amount (invested amount)
R = interest rate (annual interest rate)
n = annual number of interest calculations
T = investment period (in years)

Sukanya Samriddhi Yojana calculator excel 2023
Sukanya Samriddhi Yojana calculator in Excel 2023: here is a downloadable calculator Excel sheet for you, using which you can easily calculate the deposit according to your contribution offline.

Click on link to download the Sukanya Samriddhi Yojana calculator in Excel format:

List of banks providing Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana (ssy) is offered by Indian banks and financial institutions. The following list includes the names of some of the major banks supporting Sukanya Samriddhi Yojana:

Axis Bank
State Bank of India (SBI)
Central Bank of India (CBI)
Bank of Maharashtra (Bom)
Bank of India (BOI)
Bank of Baroda (Bob)
Punjab National Bank (PNB)
Union Bank of India
Victory bunk
Indian Overseas Bank (IOB)
Indian Bank
IDBI Bank
ICICI Bank
UCO Bank
Punjab and Sindh Bank (PSB)
Dena Bank
Canara Bank
Many benefits of using Sukanya Samriddhi Yojana (ssy) calculator
There are many advantages of using Sukanya Samriddhi Yojana (ssy) calculator. It helps you in the following ways:

Contribution calculation: through SSY calculator, you can calculate your initial investment and contribution amount. It allows you to adjust your financial plan by setting annual or monthly contribution amounts.

Interest calculation: through SSY calculator, you can calculate interest per year on your investment amount. This helps you to know the estimated amount of interest income and gives you the possibility to modify the contribution amount to suit the plan.

Periodic monitoring of contributions: using the calculator, you can periodically monitor contributions and measure your progress under the plan. This allows you to modify the corresponding contribution amount for your goal.

The Sukanya Samriddhi Yojana (SSY) calculator is a useful tool that helps you calculate contributions, calculate interest, and observe contributions periodically. Through this you can decide the right investment amount, contribution amount, and plan duration to adjust your Sukanya Samriddhi Yojana. This allows you to easily manage your financial planning and make appropriate investments for achieving your goals. Downloadable SSY calculator as Excel sheet is available to you for offline use.