Sukanya Samriddhi Yojana Calculator: Any Indian can start investing in Sukanya Samriddhi Yojana for their daughter below 10 years of age. Currently, the scheme is offering 7.6 per cent interest. There is an exemption to invest a minimum of Rs 250 and a maximum of Rs 1.50 lakh annually.
Contribution can be made in the scheme for the daughter for 15 years.
The scheme matures in 21 years.
The earlier you start investing for your daughter, the sooner you will be able to use the maturity amount for her.
If you start right from your daughter’s birth, you will get more benefit
If you start investing in Sukanya Samriddhi Yojana soon after the birth of your daughter, by the time your daughter turns 21, a good amount will be ready for her.
Now let us tell you how much returns will you get of investments of Rs 1000, 2000, 3000 or 5000, respectively, till the maturity of the scheme.
How much will you get if you invest Rs 1000?
If you invest Rs 1000 monthly in this scheme, then Rs 12 thousand will be deposited annually.
According to SSY calculator, the total investment in 15 years will be Rs 1,80,000 and Rs 3,29,212 will be received only from interest.
In this way, a total of Rs 5,09,212 will be received on maturity.
How much will you get if you invest Rs 2000?
If you invest Rs 2,000 per month, you will deposit Rs 24,000 annually.
The total investment will be Rs 3,60,000 and the interest income will be Rs 6,58,425.
The total amount on maturity will be Rs 10,18,425.
How much will you get if you invest Rs 3000?
If we look at the calculation based on Rs 3000 per month, Rs 36,000 will be deposited annually.
The total investment will be Rs 5,40,000.
Earning from interest will be Rs 9,87,637.
A total of Rs 15,27,637 will be received on maturity.
How much will you get if you invest Rs 4000?
By investing Rs 4000 in Sukanya Samriddhi Yojana (SSY), Rs 48,000 will be deposited annually.
There will be a total investment of Rs 7,20,000 in 15 years.
Earning from interest will be Rs 13,16,850.
On maturity, a total fund of Rs 20,36,850 will be ready for the daughter.
How much will you get if you invest Rs 5000?
If you invest Rs 5,000 monthly, you will invest Rs 60,000 annually.
In this way, there will be a total investment of Rs 9,00,000 in 15 years.
Rs 16,46,062 will be earned from interest.
On maturity, a fund of Rs 25,46,062 will be ready.