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SUKANYA-YOJANA-CALCULATOR
Title

Sukanya Samriddhi Account Scheme / Yojana Calculator



Monthly deposit
Age
Maturity Value
Total Interest
Total Investment

SUKANYA SAMRIDDHI YOJANA (SSY)

Sukanya Samriddhi Yojana (SSY) brings-in at handling a major problem with the ‘girl’ child – both education and marriage. Laying it’s focus on securing the future for the girl child by building a fund for their education and stress-free marriage expenses. This is the reason SSY introduced Sukanya Samriddhi Account.

ASSUMPTIONS

 

  • Age of a girl must be 1 year
  • The Interest rate remains constant for 21 years at 8.5%*
  • The Contribution is made at the financial year (beginning)
  • The amount is not withdrawn until 21 years
  • SSY is only allowed for 2 girls of the same family
  • Deposits need to be made till year 14 of a girl child
  • SSY comes with tax-benefit

 

ADVANTAGES OF SUKANYA SAMRIDDHI ACCOUNT CALCULATOR

Given below are a few:

 

  • It allows you to know the maturity value when the account matures.
  • You can set-up SSY calculator to calculate the maturity-based on monthly/yearly investments.
  • If configured correctly, the SSY calculator can be accurate.
  • You can change the amount any time and still get the maturity value in less than a minute.

 

 

NOTE: The calculator will showcase an estimate; not an accurate figure.

Frequently Asked Questions

Tell me about sukanya samriddhi yojana sbi

It is a small deposit scheme for the girl child launched as a part of “ Beti Bachao and Beti Padhao “ for the benefit of girl child.  It comes with a maximum tax benefit of Rs 1.5 lakh under section 80C of the Income-tax Act. Further, the interest accrued, and maturity amount is exempt from tax. 

Tell me about sukanya samriddhi yojana interest rate

The interest rate for Sukanya Samriddhi Yojana is 8.5% for financial year 2019-2020.

Tell me about sukanya samriddhi yojana post office scheme

One can open the Sukanya Samriddhi account any time after the birth of a girl till, she turns 10 in the post office across India. A minimum of Rs 250 and a maximum of Rs 1.5 lakh can be deposited during the ongoing financial year.  

What is sukanya samriddhi yojana calculator 2018

Sukanya Samriddhi Yojana Calculator helps you in determining, the amount of money the individual will receive on maturity.  

Tell me about sukanya samriddhi yojana interest rate 2017-18

The interest rate in Sukanya Samriddhi Yojana Interest rate in 2017- 18 is 8.1. 

How to do sukanya samriddhi yojana online payment

How to get sbi sukanya samriddhi yojana account opening form

One can get the SBI Sukanaya Samriddhi Yojana account form directly from the SBI website, in case if you want to open an account with the SBI.   https://retail.onlinesbi.com/sbi/downloads/suknya_smridhi.pdf 

Tell me about sukanya samriddhi yojana interest rate 2020

The interest of Sukanaya Samridhi Yojana interest rate in Fy 2019-2020 is 8.50%. 

Tell me about sukanya samriddhi yojana age limit

The maximum age limit for Sukanya Samridhi Yojana age limit is 10 years, followed by a grace year. This implies that she will be eligible for open a Sukanya Samriddhi account till the maximum age of 11 years.  

Tell me about sukanya samriddhi yojana axis bank

Sukanya Samridhi Yojana is a saving scheme for girl children, with the aim of securing the girl children future. One can easily open the account with axis bank.  

documents required for sukanya samriddhi yojana

  • Birth Certificate of girl Child 
  • Identity Proof of Depositor (Parent or legal guardian) i.e. Pan card, ration card 
  • Address Proof of the depositor (parent or legal children) 

Tell me about sukanya samriddhi yojana 80c benefits

 The scheme provides income tax benefit maximum up to Rs 1.5 lakh.   

Tell me about sukanya samriddhi yojana pnb

Sukanya Samriddhi yojana is a saving scheme for every girl child launched by the government, where they or their parents can deposit money for securing their future financially. One can easily open the account with PNB too.  

When sukanya samriddhi yojana launched

The scheme was launched on 22 Jan 2015.  

Tell me about sukanya samriddhi yojana bank list

List of Sukanya Samriddhi Yojana bank List   

  1. Allahabad Bank 
  2. Andhra Bank 
  3. Axis Bank Limited 
  4. BOB – Bank of Baroda 
  5. BOI – Bank of India 
  6. Bank of Maharashtra 
  7. Canara Bank 
  8. CBI – Central Bank of India 
  9. Corporation Bank 
  10. Dena Bank Limited 
  11. ICICI Bank Limited 
  12. IDBI Bank Limited 
  13. Indian Bank    
  14. IOB – Indian Overseas Bank 
  15. OBC – Oriental Bank of Commerce 
  16.  P&SB – Punjab & Sind Bank 
  17.  PNB – Punjab National Bank 
  18.  SBBJ – State Bank of Bikaner and Jaipur 
  19.  SBI – State Bank of India 
  20.  SBH – State Bank of Hyderabad 
  21.  SBM – State Bank of Mysore 
  22.   SBP – State Bank of Patiala 
  23.   SBT – State Bank of Travancore 
  24.   Syndicate Bank 
  25.   UCO Bank 
  26.   Union Bank of India  
  27.   United Bank of India 
  28.    Vijaya Bank 

Tell me about sukanya samriddhi yojana rules

The rules of Sukanya Samridhi Yojana are as follows:   

  • The girl child will be below at the age of 10 at time of account opening.  
  • One cannot open multiple Sukanya Samriddhi yojana for a single child.  
  • There will be only two SSY account are allowed for a family.  
  • The minimum annual contribution to the Sukanya Samriddhi Account is Rs 250 and a maximum of Rs 1.50 lakh in a financial year.  

Difference between sukanya samriddhi yojana and lic child plan

The difference between Sukanya Samridhi Yojana and LIC Children Plan (as LIC Kanyadan Policy) 
 

  • The age limit of Sukanya Samridhi Yojana is 10 years and for LIC Kanyadan Policy for Daughter is one year.  
  • Sukanya Samridhi Yojana is for only Indian citizens, whereas outsiders can also buy.  
  • The girl child is the holder of the savings account until her marriage in the case of Sukanya Samridhi Yojana, whereas in the case of LIC Kanyadan policy, father of girl child is the holder.  
  • The Sukanya Yojana has a limit of Rs 1.5 lakh in the financial year, but for LIC Kanyadan Policy, there is no limit.  

sukanya samriddhi yojana vs mutual fund

Let’s look at the difference of Sukanya Samriddhi Yojana vs Children Mutual Fund:  
 

  • Sukanya Samriddhi Yojana is especially for girls, while the Children mutual fund is for all children.  
  • In case of Sukanya Yojana, maximum one account is opened. While the case of child mutual fund, there is no limit.  
  • The maximum age limit for opening a CMF account is 18 years. While in the case of SSY is 10 years. 
  • There are no penalties for nonpayment in case of Children mutual fund, while in the case of a mutual fund, there is a penalty of Rs 50 for nonpayment.  

Tell me about sukanya samriddhi yojana minimum deposit

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sukanya samriddhi yojana vs sip

Let’s compare the Sukanya Samriddhi Yojna vs SIP:  

SIP is not an investment scheme. It’s mainly a process through which one invest in a mutual fund at regular intervals. In case of Sukanaya Samriddhi Yojna, it is a fixed income instruments, but there is no cap on equity mutual fund. More so, if invested for longer time period, then SIP in equity mutual fund provides better returns compared to Sukanya Yojna.  

How to get sukanya samriddhi yojana form

You can get the Sukanya Samriddhi Yojna form directly from the respective branch of listed banks or directly through the website of the Scheme.  

What is sukanya samriddhi yojana chart

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how to apply sukanya samriddhi yojana online

One cannot open the Sukanya Samriddhi Yojana Online at authorized bank branches or online. But once the account is opened after submission of all the documents, you can set the standing online.  

What is sukanya samriddhi yojana calculator 2019

Sukanya Samriddhi yojana calculator helps you in finding the amount one will receive after a certain period of time with certain investment.  

What is sukanya samriddhi yojana hdfc

Sukanya Samridhi yojana is a saving scheme for every girl child launched by the government, where they or their parents can deposit money for securing their future their financial future with the HDFC Bank. One just needs to visit the bank branch.  

What is pradhan mantri sukanya samriddhi yojana

Pradhanmantri Sukanaya Samriddhi Yojana is launched by PM Modi under the “ Beti Bachao and Beti Padhao “ Yojana. The campaign carries a message “Save the girl and educate the girl ‘’. The aim of the Yojana is to secure the future of every child, by facilitating their parents to build a corpus over a period of time for their education or marriage expenses.  

Tell me about sukanya samriddhi yojana interest rate 2016-17

The interest rate of Sukanya Samriddhi Yojana interest rate of 2016-17 is 8.6%.  

Tell me about sukanya samriddhi yojana tax benefit

The Yojana provides income tax benefit under section 80C of the Income Tax  

  1. One can claim tax deductionuptoRs 1.5 lakh.  

Tell me about sukanya samriddhi yojana icici

It is a small deposit scheme for the girl child launched as a part of “ Beti Bachao and Beti Padhao “ for the benefit of girl child.  It comes with a maximum tax benefit of Rs 1.5 lakh under section 80C of the Income-tax Act. Further, the interest accrued, and maturity amount is exempt from tax. One can open the account with ICICI.  

Provide me sukanya samriddhi yojana calculator in excel

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sukanya samriddhi yojana vs ppf

 

Features   Sukanya Samriddhi Yojana   PPF  
Scheme objective   Securing a girl child’s future.   A saving account, that provides a good return over the long run 

Opening of the account 

 

Parent or legal guardian of the girl child   

 

A resident of India is eligible to  

open an account. 

  

Age Criteria   An account can be opened under the name of girl children until the age of 10 years  An account can be opened on behalf of a minor as well.  
 

Maturity Period  

The maturity period of the scheme is 21 years or until the girls get married after she attains the age of 18 years.   Lock in period of the scheme is 15 years.  
Tax benefit  

Under section 80c of the scheme, tax benefit up to Rs 1.5 lakh can be availed for contributions made to the scheme.  

 

This too falls under the section 80c of the scheme, tax benefit up to Rs 1.5 lakh can be availed for contributions made to the scheme.  

 

Tell me about sukanya samriddhi yojana interest exemption section

The interest that accrues against the account which gets compounded annually is also exempt from tax.  

Tell me about sukanya samriddhi yojana eligibility

 The eligibility for Sukanya Samriddhi is that: 

  • It’s only for the girl children.  
  • The maximum age of a girl should not be more than 10 years 

Tell me about sukanya samriddhi yojana official website

check details here: http://www.nsiindia.gov.in/InternalPage.aspx?Id_Pk=89

How to get sukanya samriddhi yojana passbook online

To get Sukanya Samriddhi Yojana Passbook, the account holder can download the application from the respective bank.  

What is sukanya samriddhi yojana customer care number/helpline number

There is no customer care or helpline number. But one can choose to contact the bank branch.  

Tell me about sukanya samriddhi yojana maturity period

The account will remain operative for 21years from the date of its opening or till the marriage of the girl after she turns 18. 

is aadhaar card mandatory for sukanya samriddhi yojana

There is no mandatory requirement for Aadhaar card. 

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