Navi Calculator SSY Calculator
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Sukanya Samriddhi Yojana (SSY) is a Government of India initiative as a part of the Beti Bachao, Beti Padhao campaign. It’s a small savings scheme dedicated to the daughters of India who are below 10 years of age. The interest rate is decided and evaluated by the government every quarter. The current interest rate stands at 7.60% p.a.
The Sukanya Samriddhi Yojana calculator allows anyone who is considering investing in the Sukanya Samriddhi Yojana for their daughters to determine how much they would earn when the account matures. You could use the Navi Sukanya Samriddhi Yojana Calculator to view the returns in a quick, hassle-free and accurate way.
The Sukanya Samriddhi Yojana Calculator requires you to provide a few relevant information like your daughter’s age, amount of contribution and the investment year.
While calculating the maturity amount, the SSY calculator makes a number of assumptions:
You can use Navi’s Sukanya Samriddhi Yojana Calculator to check your SSY returns upon maturity. Here’s how Navi SSY Calculator works:
Use the slide bar to choose your yearly contributions
Choose the year based on the first investment made
Your daughter’s age should be less than 10 years
You can view the maturity amount and interest accrued on your investment using the SSY calculator. The formula for Sukanya Samriddhi Yojana is given as:
Compound interest = Principal amount (1 + Rate of interest / Number of times interest compounds in a year) * Number of years
For example, if you invest ₹10,000 each year in the Sukanya Samriddhi Yojana account, and start the investment when the girl child turns 1 year old in 2022, you would have invested ₹1,50,000 in total. The interest accrued on this would be ₹2,74,344. Upon maturity in 2043, the total amount the girl child would receive is ₹4,24,344.
The calculator is designed to provide a seamless experience
Check the maturity amount on the Sukanya Samriddhi Yojana in a few seconds
Calculate the returns and plan your investments accordingly to secure your daughter’s future
Jan 1
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Feb 18
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Jan 1
Fixed deposits are popular saving instruments that allow you to earn interest for depositing an amount for a fixed period.
Jan 22
A fixed deposit (FD) is a type of savings scheme that provides higher interest rates compared to a bank savings account.
Feb 18
Tax-saver FDs are fixed deposits that offer tax deductions through Section 80C of the Income Tax Act.