In this video we will know how much amount we are going to get in sukanya samriddhi yojana scheme by paying amounts of 250/1000/2000after the maturity period of 21 years.
Sukanya Samriddhi Yojana Scheme
Sukanya Samriddhi Yojana (SSY) is a government-backed small savings scheme for the benefit of girl child. This scheme is a part of the BetiBachao, Beti PadhaoYojana. SSY can be opened by the parents of a girl child whose age is below 10 years. The account can be opened at designated banks or post offices. The tenure or maturity period of Sukanya Samriddhi account is for 21 years or until the girl child marries after the age of 18.
Sukanya Samriddhi Yogana Scheme Interest Rates
Sukanya Samriddhi Yojana interest rates are declared quarterly by the Indian government. For Q1 (April-June) FY 2021-22, the interest rates have been set at 7.6% p.a.
Sukanya Samriddhi Yogana Scheme Eligibility
- Only parents or legal guardians of a girl child can open an SSY account
- The age of the child must be below 10 years at the time of account opening
- Only one account can be opened
- Only two SSY accounts are allowed for a family
Sukanya Samriddhi Yojana Calculator
The benefit of any investment is based on how much the investment grows over time. The following is a sample calculation showing the returns you will be getting by investing in Sukanya Samriddhi Yojana scheme.
Let’s assume the following:
The girl child is born in 2021 and the parents start the SSY account for her in the same year. The account will finally mature after 21 years where the girl child will get the complete maturity amount.
Investment per month = Rs. 250/- (Rs. 3000/- per year)
Total amount invested at the end of 15 years = Rs. 45,000/-
Investment Period = 15 years
Interest rate for 1 year= 7.6%
Interest at the end of 21 years= Rs. 82,593/-
Maturity Value at the end of 21 years= Rs. 1,27,593/-
Investment per month = Rs. 1,000/- (Rs. 12,000/- per year)
Total amount invested at the end of 15 years = Rs. 1,80,000/-
Investment Period = 15 years
Interest rate for 1 year= 7.6%
Interest at the end of 21 years= Rs. 3,30,373/-
Maturity Value at the end of 21 years= Rs. 5,10,373/-
Investment per month = Rs. 2,000/- (Rs. 24,000/- per year)
Total amount invested at the end of 15 years = Rs. 3,60,000/-
Investment Period = 15 years
Interest rate for 1 year= 7.6%
Interest at the end of 21 years= Rs. 6,60,744-
Maturity Value at the end of 21 years= Rs. 10,20,744/-
Investment per month = Rs. 12,500/- (Rs. 1,50,000/- per year)
Total amount invested at the end of 15 years = Rs. 22,50,000/-
Investment Period = 15 years
Interest rate for 1 year= 7.6%
Interest at the end of 21 years= Rs. 41,29,635/-
Maturity Value at the end of 21 years= Rs. 63,79,635/-
Sukanya Samriddhi Yogana Scheme – How to check in the App
Open Google play store and search Post info app, install the app in your Android mobile phone. After installing the open it and you can find interest calculator tab. Click on the tab and you can find Sukanya Samridhhi calculator. Fill in the columns monthly contribution, child age, interest rate is by default and then calculate. You can get the results, for more detailed results click here for more results button and a detailed sheet will be displayed.
You can also check for other amounts such as Rs. 1,000/- also.
