Exceptions are only in case of twins or triplets. This scheme is based basically on ‘ Beti Bachao, Beti Padhao ‘ … The tool is available online and does not require downloading a utility. By continuing to use the site, you are accepting the bank's privacy policy. It is important to note that it is important for individuals to make minimum one contribution a year to keep the scheme alive till 14 years are completed. An account can be opened with a minimum of Rs. The minimum and maximum amount that can be invested towards the scheme are Rs.250 and Rs.1.5 lakh, respectively. Using the Groww Sukanya Samriddhi Yojana online calculator provides you with the following benefits – The Groww Sukanya Yojana calculator is free to use and can generate error-free output for multiple iterations. The SSY calculator will show maturity value based on the entered numbers instantly. The account can be transferred anywhere in India from one post office/bank to another. Enables the applicants to evaluate the … However, you only have to make deposits for 14 years. Sukanya samriddhi yojana calculator helps to calculate the amount that you receive as per your invested amount and tenure. is beneficial to have an overall assessment of your investments and returns. This variable is predefined in this SSY calculator. Individuals who meet the aforementioned pre-requisites as well as have the supporting documents for the same are eligible for the scheme and hence can go ahead and use the Sukanya Samriddhi Yojana calculator online. The deposited corpus will earn interest between the 14th and 21st year. The calculator helps to compute how much savings can be accrued with the scheme. The SSY calculator will show maturity value based on the entered numbers instantly. An SSY account is rendered inactive if you don’t make any deposits. annually. One withdrawal shall be allowed on attaining the age of 18 years of the account holder to meet education expenses up to 50 % of the balance at the credit of the preceding financial year. SSY accounts provide income tax benefit of up to Rs. Yes. at places near you, Get assured cashback on electronics, travel, food & groceries and much more, Get the best deals on airfare so you can spend more at your destination, Compare prices, features and more before buying and get the best value for your money, Exclusive offers for privilege banking customers, Exclusive offers for business banking customers, Now personalize your Debit Card as you like. Additional documents requested by the concerned authority. A Sukanya Samriddhi Yojana calculator can help you determine the returns you receive as per the invested amount and tenure. This Sukanya Samriddhi Yojana calculator is free to use and can generate error-free output for multiple iterations. Customers can open the account by submitting account opening documents at any ICICI Bank branch. Number of Deposit Per year: Deposit Period (Years) : … The Sukanya Samriddhi account can be prematurely closed if there is any kind of direction from the Central Government regarding the inability of the depository to carry forward the account. The maturity period of an SSY account is 21 years. It will change as per modification. Pick and choose from a gallery of 200+ awesome designs or choose one of your own pics and flaunt it all the way, Loan based on the value of your securities, Financial assistance to Micro Finances (MFIs) for Term Loans, overdraft and portfolio buyout, Get assured cashback on electronics, travel, food & groceries, and much more, Group Code of Business Conduct and Ethics, Use of Unparliamentary Language by Customers, Get more returns than other similar savings scheme, Authorised by ministry of finance, it is a Government of India backed savings scheme, Minimum investment - Rs 250; Maximum investment – Rs 1,50,000 in one financial year. That being said, parents who have zeroed in on using Sukanya Samriddhi as the preferred investment option, now need a tool to calculate the total amount on maturity that they would receive. 1.5 Lakh. Only one account in the name of one girl child and a maximum of two accounts in the name of two different girl children can be open. Additional documents requested by the concerned authority. at places near you, Cashback DealsGet assured cashback on electronics, travel, food & groceries and much more, Compare and FlyGet the best deals on airfare so you can spend more at your destination, Compare and BuyCompare prices, features and more before buying and get the best value for your money. Yes. after the Deposit Period (15 Years): It is the maturity amount at the completion of the deposit of money till 15 years. It means the principal amount deposited, interest earned during the entire tenure, and maturity benefits are tax-exempt. ICICI Bank is authorised by Ministry of Finance for offering SSY Accounts. Under the existing taxation rules of Sukanya Samriddhi Yojana, the tax deduction benefit on the principal amount invested is up to Rs 1.5 lakh per annum under Section 80C of the Income Tax Act, 1961. Sukanya Samriddhi Yojana’s interest rate for Quarter July-September 2020 is 7.6%. Right from your application to admission fees and travel, Online ForexBuy, reload or avail refund on your travel card. Sukanya Samriddhi Account can be open by the parents of a girl child below the age of 10. The Sukanya Yojana calculator uses the following formula to generate results:-. What is Sukanya Samriddhi Yojana Account? The following are the historic interest rates of this government scheme for the girl child: You may check the current Rate of Interest of Sukanya Samriddhi Yojana here.