Sukanya Samriddhi Yojana Calculator

By Author: Ross Barkely
Total Articles: 39
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The maturity period of the account is 21 years from the date of opening through partial withdrawals can be made once your child attains 18 years.

Criteria for opening up the Sukanya Samriddhi Account are as follows
It can only be opened for a new woman child
The account can only be opened by an Indian citizen /NRI or OIC card holder
Account can be opened for a girl child before she changes 10

Key things you should know about Sukanya Samriddhi Account (SSA)
Current Curiosity Rate: 8.6%
Minimum Savings: ₹1000 per year
Scheme Duration: 21 years
Amount of Accounts per woman child: 1
Lock-in Period: 18 years, Following that as well only partial withdrawl is definitely possible.
Tax Saving: ₹1.5Lacs under 80c
Tax Treatment: It enjoys benefits under section 80/C

Benefits of Sukanya Samriddhi Yojana Calculator
It calculates the exact value of your maturity amount and therefore helps in planning your investment
...
... It gives you an idea of how significantly your money has grown by calculating and appearing the curiosity earned for the period you had invested in this account

You can always input different yearly deposit amounts and quickly visiualize how much your money will grow to
It provides nice graphs and table to present how your money grown along time axis.
No need to sit with those boring excels, apply formulas and get your data

FAQs About Sukanya Samriddhi Account (SSA)

Does the curiosity rate remain fixed or it adjustments?
Interest rates on Sukanya Samriddhi yojana are reviewed every quarter and can transformation every quarter.

How several Sukanya Samridhi company accounts can i open?
You can open one account per woman child.

At the end of the tenure who will get the credit of the money?
The money will be credited to the girl's account at the end of the term

Which is better Sukanya Samridhi or PPF account ?
Sukanya Samridhi and PPF are fixed return schemes and are eligible for tax benefits under section 80 G. Currently SUkanya Samridhi account has higher interest rate than PPF so from curiosity point a view Sukanya Samridhi is better.