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Calculate the maturity amount and returns of your SSY account with this online tool. Enter the investment amount, girl's age and start year to see the results based on the latest SSY interest rate of 8.2%.
Calculate the future value of your SSY account with this online tool. Enter the start and end years, deposit amount and interest rate to see the growth of your investment over 21 years.
Estimate the maturity amount and interest earned from your SSY account with this online tool. Enter the yearly investment amount, girl child's age, and investment start year to see the results.
- The minimum and maximum amount that can be invested in the Sukanya Samriddhi Yojana scheme are Rs 250 and Rs 1.5 lakhs, respectively, per fiscal year.
- The minimum amount required to open the Sukanya Samriddhi Yojana account is Rs 250 in a fiscal year.
- One of the major advantages of the ET Money SSY scheme is that the maturity amount is not taxable.
- The investor can claim tax benefits up to Rs 1.5 lakhs per fiscal year under Section 80C of the Income Tax Act, 1961, for the deposits made in the...
The SSY Calculator is a utility tool that calculates the earned interest and the maturity amount on the SSY account. The SSY Calculator consists of a formula box, where you enter the amount of deposit, age of the girl child up to 10 years, and the starting year of the investment.
With the Sukanya Samriddhi Yojana Calculator you can calculate the interest earned with ease. You can also do so via a manual formula as given below: A = P (1 + r/n) ^ nt. Wherein A is compound interest, P is the principal amount, r is the rate of interest, n is the number of times the interest compounds in a year, and t is the tenure in years.
Jan 18, 2024 · The Sukanya Samriddhi Yojana Calculator is based on the Sukanya Samriddhi Account Scheme, 2019, launched by the Government of India (GOI). You can use this calculator to estimate the return on the Sukanya Samriddhi Yojana (SSY) account.
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Sukanya Samriddhi Yojana (SSY) Calculator - Calculate SSY Online to determine the maturity amount of your SSY investment after 14 years. Get details of SSY investments for your daughter's education or marriage expenses to plan your finances better.