Sukanya Samriddhi Yojana can help you accumulate a big amount for your daughters’ education and marriage. Although it is impossible to calculate the exact value of maturity amount from the scheme as the rate of interest will be announced every year. In financial year 2014-15 the rate of interest was 9.1% while for financial year 2015- 16 the interest is declared at a rate of 9.2% for Sukanya Samriddhi Scheme.
Sukanya Samriddhi Account Calculator
You know it is impossible still one want to have a rough estimate or approx. value what investor will get after 21 years. To get this estimate value let us take an example and understand the returns.
Sukanya Samriddhi Calculator Example 1:
Let us assume the rate of interest remain same every year @ 9.1%.
Monthly Investment Rs.10,000/- (Ten Thousand).
Yearly Investment Rs.1,20,000/- (One Lac Twenty Thousand).
So in 14 years you will invest total 16,80,000/- (Sixteen Lac Eighty Thousand).
After 21 years you will get Rs.60,71,283/- (Sixty Lac Seventy One Thousand Two Hundred Eighty Three).
Sukanya Samriddhi Interest Calculator Example 2:
Same way if rate of interest is 9.2 every year then the maturity value will be Rs.61,57,840 (Sixty One Lac Fifty seven Thousand Eight Hundred Forty).
This is the case if one is investing every month.
Sukanya Samriddhi Interest Calculator Case Study 3
But if the investor deposits the total money for the year at once that is Rs.1,20,000 in starting of the financial year than the maturity value will increase.
The maturity value in that case by Interest rate of 9.1% will be Rs.63,12,610 (Sixty Three Lac Twelve Thousand Six Hundred Ten).
For Investors who are in no hurry to use their investments keep them for a long time and do not want to take any risks, SSA is an ideal investment opportunity for the betterment of their girl child.