SSY Calculator: Use our online Sukanya Samriddhi Yojana (SSY) calculator to calculate the maturity amount, maturity year and interest earned on SSY investment.
Financial Tools
EMI Calculator Home Loan Calculator SIP Calculator FD Calculator PPF Calculator RD Calculator GST Calculator Income Tax Calculator SSY Calculator NPS Calculator
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.
How to Use SSY Calculator
Easy steps to use SSY Calculator Online:
- Enter your investment per year.
- Select girl’s age.
- Enter the starting year of investment.
- Now, check your total maturity amount, maturity year and interest earned.
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- The amount is not withdrawn until 21 years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 Yojana (SSY) 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.