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Mar 26, 2024 · Student-Platform Student Loan Calculator EMI Calculator Maturity Value Calculator. Show More. SSA Calculator. Select Frequency:*. Enter Installment Amount (in rupees):*. Current Rate of Interest (%):*. Deposit Term (in years):*. Maturity Term (in years):*. *Maturity amount shown here is indicative only.
The current interest rate of the Sukanya Samriddhi Yojana: 8.2%. Annual Amount of Investment = ₹1.5 lakhs. Your Girl’s Age = 1 year. Start year of the investment= 2020. Maturity Year: 2045. The Maturity Value= ₹71,82,101. Thus, the SSY calculator can help you understand the maturity amount.
Oct 24, 2023 · Rinju Abraham. Sukanya Samriddhi Yojana is an initiative launched by Prime Minister Narendra Modi, the Central Government, as a part of the “Beti Bachao Beti Padhao” campaign. The sole objective of this tax-saving scheme is girl child prosperity. Scheme Name. Sukanya Samriddhi Yojana (SSY) Current Interest Rate. 8.00% p.a. p.a.
The account also enjoys tax-free maturity and deduction under Section 80C of the Income-tax Act, 1961. It can be opened at any authorised bank or post office branch. Sukanya Samriddhi Yojana offers 8.2% interest rate for the July-September quarter of 2024. Text: Centre for Investment Education and Learning (CIEL)
For January 2024 – March 2024, the rate of interest is 8.2%. The government has made sure that the interest rate on the Sukanya Samriddhi Yojana is lucrative enough to entice parents to increase their investments for the girl child's future security. The interest rate, which is compounded annually, is currently 8.20% p.a.
May 20, 2024 · Salient Features of Sukanya Samriddhi Yojana. Interest Rate. 8% (Q1 FY 2023-24) Eligibility criteria. The SSY account is opened after the birth of the girl child but before she turns 10 years of age. Minimum and Maximum Investment. Rs. 250-Minimum and Rs. 1.5 lakh-Maximum (per annum) Salient Features of Sukanya Samriddhi Yojana. Maturity Period.
Sukanya Samriddhi Yojana (SSY) is a small deposit scheme for the girl child launched as a part of the 'Beti Bachao Beti Padhao' campaign. One of the reasons why this scheme has become popular is due to its tax benefit. It comes with a maximum tax benefit of Rs 1.5 lakh under section 80C of the Income-tax Act.
