Download the Sukanya Samriddhi Yojana Excel Calculator from the above link. Q. The rate of interest is determined by the Central Government on a quarterly basis. How to Send and Receive Money via WhatsApp? 7th Column Total Amount year End – This is the final amount that you will get after each year. As per the Terms, the Account can not be opened for more than 2 Girls Child from the same family. For more information, Check out related articles Sukanya Samriddhi Yojana Age Limit, Sukanya Samriddhi Account Balance & Sukanya Samriddhi Account Passbook. Download Sukanya Samriddhi Account Calculator for calculating the maturity amount of Investment at 9.2% rate of interest. The minimum and maximum amount that can be invested towards the scheme are Rs.250 and Rs.1.5 lakh, respectively. Click Here for NPS Calculator for Central / State Govt., RBI / Banks / PSU Employees. An Excel Sheet will open containing a calculation with amount Rs.250 for 8.6% interest Simply enter the amount you want to find the calculation … sukanya samriddhi yojana calculator 2020 also can be used to find out How much amount you will Gain for Your Daughters Education and Marriage. You can use the Excel Calculator by following these steps-, Find more details on how the calculation for SSY Account works-Sukanya Samriddhi Yojana Chart. E2+F2You just need to copy the above table to an excel and can apply the formula. The Sukanya Samriddhi Account calculator shows the maturity amount under both the investment option for various time period with fixed interest rate as mentioned. The calculator also considers the interest that is generated when providing the final amount. The amount received by the girl child at the time of maturity is completely tax free. In case in any specific year, there is change in interest rate, you can update the same for that year. The example has 1.5 lakhs contribution every year, but can be edited in the calculator. This number appears incorrect / invalid. (adsbygoogle = window.adsbygoogle || []).push({}); Post was not sent - check your email addresses! We have designed the excel based Sukanya Samriddhi Yojana Calculator which calculates the maturity amount and return on investment for your investment. A. The investment in Sukanya Samriddhi Yojana is eligible for tax deduction under section 80C of Income Tax Act. ... Download Excel Calculator – Version 1 Sukanya Samriddhi Scheme Calculator – Version 2. If she is a resident of India at the time of Birth she will be eligible for this Scheme. Depending on the details that are provided by the individual, the calculator shows the year the scheme matures, the interest rate that was used, and the maturity value. When the girl child for whom the SSY account has been opened either pass 10th standard or turns 18, you can withdraw from the account. To make it … Obviously you should be the Father/Mother of the Girl child. For the next cell you need to include formula as D3+G2 and so on. A fixed amount for monthly or yearly contribution has been consumed. To make it simple, you can use the same rate of interest for all the years. PPF is mostly used for savings for yourself, while SSY is exclusively designed for your daughters. Sukanya Samriddhi Yojana Account is an initiative taken to inspire the Indian society to promote Female empowerment and to reduce the female infanticide rate. Each year on same I will deposit the same amount then after 21 deposits I will expect Rs 761821.4. To download the Sukanya Samriddhi Yojana Calculator in Excel Format, Click Here *The calculator can show incorrect values if it is not configured properly. What to do in case of fraud in bank account? There are two option of investment under Sukanya Samriddhi Account i.e. This is one of the most accurate calculators for calculating the maturity amount of the Sukanya Samriddhi Yojana scheme. Below is the Sukanya Samriddhi account calculator in excel with Monthly interest. An Excel Sheet will open containing a calculation with amount Rs.250 for 8.6% interest. The scheme was launched in 2015 and since then has become is very popular deposit scheme for girl child especially focusing on their higher education and marriage. Privacy Policy. This. If you have any other Questions regarding this Topic then you can mention in the comment section we will try to answer all of your Questions as soon as possible. Having a PPF is a good idea from an investment perspective. Now comes the complex part of sukanya samriddhi account calculator where guardian plan to pay amount monthly. Download the Sukanya Samriddhi Yojana Excel Calculator from the above link. The SSY account terminates or matures after 21 years from the date of opening of the account. You can help from the Online Wallet, UPI Application, or You can use your own Bank website and initiate the transaction after entering the Credentials. You can Connect with him on His Twitter Profile @SarvinBatra. It will take Sukanya Yojana interest rate (currently 8.4%) as input for all the years. Simply enter the amount you want to find the calculation for in the deposit amount tab and press enter. If you are planning on investing in the scheme, you can use the Sukanya Samriddhi Yojana calculator to calculate the maturity amount at the end of the tenure. However, in the last year, the Government of India Reduced the minimum required amount to rs 250. Number of Deposit Per year: Deposit Period (Years) : … Under Section 80C of the Income Tax Act, 1961, tax benefits of up to Rs.1.5 lakh are exempted. Remember, the age of girl child at the time of SSY account opening should be less than 10 years. Sukanya Samriddhi Yojana Calculator in Excel, on Sukanya Samriddhi Yojana Calculator in Excel, Documents required for sukanya samriddhi account, Interest rate of sukanya samriddhi account. The main reason that this Scheme become so much popular is the Tax benefit that it is provided. Here we have taken day one of every month, 2nd column is monthly deposit – This the amount that you will deposit each month. Though further deposits cannot be made, the balance amount will earn interests until the completion of the 21-year term. There are two option of investment under Sukanya Samriddhi Account i.e. Editor August 31, 2019 Uncategorized Comments Off on Sukanya Samriddhi Yojana Calculator in Excel. Setha Ram Gehlot on Sukanya Samriddhi Yojana Calculator, Toll-Free Number & List of Post Offices in Mumbai to Open an Account; Kenrin joel on L&T Finance 9.35% NCDs – March 2019 Issue; Madhu Mittal on Introduction to HUFs; Deepak Dubey on Sukanya Samriddhi Yojana Calculator, Toll-Free Number & List of Post Offices in Mumbai to Open an Account SSY offers a higher interest rate than PPF. How to Use the Sukanya Samriddhi Yojana Excel Calculator? Sukanya Samriddhi scheme is predominantly launched as a part of “Beti Bachao Beti Padhao campaign”. The Calculator will display the maturity amount after 14 years and 21 years. Sukanya Samriddhi Yojana Calculator, Chart in Excel. Since, the Interest rate changes, therefore, the Interest rate on the calculator can be customized according to the current Interest rates. Sukanya Samriddhi Yojana Has been a success as there are 1.26 crore people already using the account to save for their girl child which is likely to grow as the minimum deposit cap is low. The minimum amount is Rs.1,000 and the maximum amount is Rs.1.5 lakh per year. Since Sukanya Samriddhi Yojana is a long-term investment, there are certain compounding benefits which are available for the applicants. Monthly contributions have to be made on the 1st day of every month. Yearly contributions have to be made on 1st of April every year. No, a girl child can have only one SSY account under her name. Please re-enter your phone number. How to Submit LIC Policy Maturity Claim Online. It is mandatory for individuals to make at least one contribution in a year until the completion of 14 years. The Interest rate for the year 2018-19 is 8.1% which is calculated on Compound bases. 1.5 lakh the calculators don’t limit the annual investments so if you enter an investment of more than Rs. Q. Interest rate is updated as 9.1% per annum every year. Uh-oh! That’s not all your interest will also increase and the Amount upon maturity will exempt from the tax. The age of the girl should not exceed 10 years.

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