Let’s know all the information. With a minimum contribution of Rs.250, applicants of the scheme can get higher returns of 8.4% and tax benefits of maximum Rs.1.5 lakh under section 80C of the … Even though the duration is 21 years, one has to deposit money only for the initial 15 years in the SSY scheme. The Sukanya Samriddhi Yojana calculator also shows certain compounding benefits which are available for the Sukanya Samriddhi Yojana scheme applicants. The maturity period of the scheme is 21 years. The scheme, however, allows withdrawal of the funds after age 18 on account of the marriage. The highest percentage of interest is provided on investing under Sukanya Samriddhi Yojana (Sukanya Samriddhi SSY Amount Calculator). 1. Kisan Credit Card Features : Kisan Credit Card has so many benefits, see list of all benefits, PM Kisan Samman Nidhi Yojana New List Online : List of beneficiaries of seventh installment released, farmers see names like this, PM Kisan Samman Nidhi Yojana New List : See your name in PM Kisan Yojana list, How to check LPG Gas Subsidy : Check your LPG subsidy, this is the whole online process. What Is The Account Limit Under The Sukanya Samriddhi Account Yojana? Since the calculator is configured manually, you will have to enter the Sukanya Samriddhi Yojana interest rate every time that it changes in the future. A scheme that was launched for girls as a part of the ‘Beti Bachao Beti Padhao’ campaign is the Sukanya Samriddhi Yojana (SSY) scheme. Once the account reaches its maturity, it stops earning interest. To keep the SSY account active, one needs to make a minimum deposit of Rs 250 each year. According to the scheme, there is a provision to withdraw 50% of the amount for the education of the daughter when she is 18 years old. It is mandatory for individuals to make at least one contribution in a year until the completion of 14 years. The minimum and maximum amount that can be invested towards the scheme are Rs.250 and Rs.1.5 lakh, respectively. The minimum and maximum amount that can be invested towards the scheme are Rs.250 and Rs.1.5 lakh, respectively. Sukanya Samriddhi Yojana Interest Rate: To keep the SSY account active, one needs to make a minimum deposit of Rs 250 each year. This gift is being given to daughters through a post office scheme Sukanya Samriddhi Yojana (Sukanya Samriddhi Yojana). Although SSY is similar in nature to PPF in terms of investment, however, some of the reasons that make SSY a better option are: When you exhaust your limit in PPF, you can opt for SSY to save more for your girl child. This post office small savings scheme was first launched in 2015 under Beti Bachao Beti Padao campaign. Advantages Of Sukanya Samriddhi Yojana Calculator, Sukanya Samriddhi Yojana Calculator – SSY Calculator Online. No deposits are required to be made between year 15 and year 21. The SSY is a 21 years scheme and one has to deposit regularly into it. To use the calculator in Sukanya Samriddhi Yojana and to invest, it is necessary to fulfill the following conditions. However, assuming a return of 7.6 per cent on depositing Rs 1.5 lakh for 15 years, the maturity amount after 21 years will be approximately Rs 66 lakh. Tell me about sukanya samriddhi yojana interest rate 2017-18 The interest rate in Sukanya Samrid d hi Yojana Interest rate in 2017- 18 is 8.1. Facebook. After arriving at the maturity value, the Sukanya Samriddhi Yojana calculator assumes the interest rate as mentioned by the government of India in that particular fiscal year for the next 21 years. The maturity amount would give you a rough idea as the interest rates change every quarter. If configured correctly, the Sukanya Samriddhi Yojana calculator can be extremely accurate. Which will greatly help parents in their education and expenses for their marriage. Sukanya Samriddhi Yojana Calculator (Free Download) I suggest you download the Sukanya calculator first and then read below as to how to use this. If you have set it up in an excel sheet then you can put in what you intend to invest in the current and see how it will affect the maturity value. DATE-27-11-2020 HOME LEARNING IMPORTANT LINK. The calculator will assume that the same amount of deposit is made on a yearly basis. Like us on Facebook and follow us on Twitter. Under Section 80C of the Income Tax Act, 1961, tax benefits of up to Rs.1.5 lakh are exempted. However, the Indian Government reduced the minimum contribution to Rs.250 in July 2018. So if the age of the child is 4 years, the maturity of the account will happen when the child attains the age of 25. By investing in both PPF and SSY, you can save up to Rs.3,00,000 p.a. Hence, using a Sukanya Samriddhi Yojana calculator online is beneficial to have an overall assessment of your investments and returns. Contributions as low as Rs.250 can be made, High interest rates of up to 8.50% p.a.Tax benefits of up to Rs.1.5 lakhContributions made are minimal on risk.
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