Sukanya Samriddhi Yojana Calculator 2024 Online Free

Subtitles ............................................................................................................................................................................ What is Sukanya Samriddhi Yojana Calculator 2024: Interest Rate and Maturity Period ............................................................................................................................................................................ Sukanya Samriddhi Yojana Calculator 2024: Interest Rate and Maturity Period ............................................................................................................................................................................ Online Sukanya Samriddhi Yojana Calculator 2024 Free ............................................................................................................................................................................ What is the interest rate of SSY in 2024? ............................................................................................................................................................................ What is Sukanya Yojana scheme 2024?

////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// The Sukanya Samriddhi Yojana Calculator 2024 is now to be had online, presenting citizens of India with a convenient manner to calculate the adulthood quantity for their Sukanya Samriddhi bills. This welfare scheme, initiated by the Government of India, aims to encourage mothers and fathers to save for the destiny of their lady child. Offering a higher interest charge than normal financial savings bills, the Sukanya Samriddhi Yojana (SSY) has become a famous choice for Indian parents seeking to steady a vivid destiny for his or her daughters. This article will provide a complete manual at the Sukanya Samriddhi Yojana, which includes info on hobby quotes, maturity length, and steps to open an account. //////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// What is Sukanya Samriddhi Yojana? The Sukanya Samriddhi Yojana (SSY) changed into released in 2015 beneath the Beti Bachao, Beti Padhao initiative by the Indian authorities. The primary purpose of the scheme is to sell a financial savings dependency amongst the dad and mom of girl children, assisting them shop for destiny educational and marriage costs. The minimum deposit amount for the SSY account is INR 250, making it handy to a wide section of society, together with those facing financial constraints. The adulthood length for the Sukanya Samriddhi account is 21 years, or until the woman toddler turns 18 and is married, whichever comes first. ............................................................................................................................................................................ Key Highlights of the Sukanya Samriddhi Yojana Calculator

Sukanya Samriddhi Yojana Calculator - Key Highlights

Key Highlights	Details
Name of the Scheme	Sukanya Samriddhi Yojana Calculator
Launched By	Government of India
Launch Date	2015
Announced By	Prime Minister of India
Purpose	Increase the habit of saving
Beneficiaries	Citizens of India
Target Beneficiaries	Parents of girl child
Advantage	Provide money to the girl child
Eligibility Criteria	Parents of girl child below the age of 10 years
Required Documents	Aadhaar Card, Bank account
Application Process	Online
Official Website	VISIT HHERE
Expected Benefits	High interest rate
Contact Number	1800 266 6868

Sukanya Samriddhi Yojana Calculator - Interest Rates

Financial Year	Date Range	Interest Rate
2014–15	1 April 2014 to 31 March 2015	9.1%
2015–16	1 April 2015 to 31 March 2016	9.2%
2016–17	1 April 2016 to 30 September 2016	8.6%
2016–17	1 October 2016 to 31 March 2017	8.5%
2017–18	1 April 2017 to 30 June 2017	8.4%
2017–18	1 July 2017 to 31 December 2017	8.3%
2017–18	1 January 2018 to 31 March 2018	8.1%
2018–19	1 April 2018 to 30 September 2018	8.1%
2018–19	1 October 2018 to 31 March 2019	8.5%
2019–20	1 April 2019 to 30 June 2019	8.5%
2019–20	1 July 2019 to 31 March 2020	8.4%
2020–21	1 April 2020 to 31 March 2021	7.6%
2021–22	1 April 2021 to 31 March 2022	7.6%
2022–23	1 April 2022 to 31 March 2023	7.6%
2023–24	1 April 2023 to 31 December 2023	8.0%
2023–24	1 January 2024 to 31 March 2024	8.2%
2024–25	1 April 2024 to 30 June 2024	8.2%

SSY Interest Rate Calculation Formula ............................................................................................................................................................................. The formula to calculate the Sukanya Samriddhi interest is A = P(1+r/n)^nt where- ............................................................................................................................................................................. P = Initial Deposit ............................................................................................................................................................................. r = Rate of interest ............................................................................................................................................................................. n = Number of years the interest compounds ............................................................................................................................................................................. t = Number of years ............................................................................................................................................................................. A = Amount at maturity .............................................................................................................................................................................. "Sukanya Samriddhi Yojana Calculator 2024 Online Free' CALCULATOR IS HERE - PL CLICK ............................................................................................................................................................................. Features of the Sukanya Samriddhi Yojana .............................................................................................................................................................................. High Interest Rate: The SSY gives a better hobby price on financial savings than the maximum financial savings money owed, making sure sizable returns for account holders. .............................................................................................................................................................................. Lump Sum Savings: Parents can gather a widespread quantity for their daughter’s higher training or marriage. .............................................................................................................................................................................. Tax-Free Returns: The maturity amount and interest earned are tax-loose, adding economic alleviation for account holders. .............................................................................................................................................................................. Flexible Deposit Amount: With a minimum deposit of INR 250, the scheme is available even to households with restrained earnings. .............................................................................................................................................................................. Sukanya Samriddhi Yojana Interest Rates .............................................................................................................................................................................. Interest fees for the SSY account vary every year. Below is a desk detailing the hobby fees for the reason the scheme's inception: ..............................................................................................................................................................................

Minimum and Maximum Deposit Amounts .............................................................................................................................................................................. Minimum Deposit: INR 250 in keeping with 12 months .............................................................................................................................................................................. Maximum Deposit: INR 1.5 lakh per 12 months .............................................................................................................................................................................. Maturity Period .............................................................................................................................................................................. The SSY account matures after 21 years from the account opening date, or in advance if the lady child marries after turning 18. This flexibility allows parents to plan in keeping with their daughter’s wishes. ////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// How to Open a Sukanya Samriddhi Yojana Account .............................................................................................................................................................................. Visit the Nearest Bank or Post Office: Eligible mothers and fathers or guardians can go to a submitted workplace or financial institution to open an SSY account. .............................................................................................................................................................................. Fill Out the Application Form: Collect and complete the application form, offering vital files which include the female toddler’s birth certificate and Aadhaar Card. .............................................................................................................................................................................. Submit Initial Deposit: A minimal deposit ranging from INR 250 to INR 1.5 lakh should be made to set off the account. Receive Account Passbook: Once the software is established and the account is opened, Dad and Mom will receive a passbook to tune transactions. ////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// Withdrawal Rules .............................................................................................................................................................................. Higher Education: When the woman's infant reaches Class 10, dad and mom can also withdraw up to 50% of the maturity quantity for instructional charges. .............................................................................................................................................................................. Marriage: After the female baby turns 18, the dad and mom may additionally withdraw as much as 50% of the maturity quantity for marriage charges. .............................................................................................................................................................................. Medical Emergency: If the female toddler faces an existence-threatening circumstance or a guardian passes away, early withdrawal is permitted. .............................................................................................................................................................................. Documentation: Proof which includes a marriage certificate or educational documents should be provided for withdrawals. ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// Frequently Asked Questions (FAQs) .............................................................................................................................................................................. 1. Who is eligible for the Sukanya Samriddhi Yojana? .............................................................................................................................................................................. Parents or criminal guardians of a female child below the age of 10 can open an SSY account. .............................................................................................................................................................................. 2. What is the cutting-edge interest price for the SSY? .............................................................................................................................................................................. The hobby rate for the present day duration (April 1, 2024 - June 30, 2024) is 8.2%. .............................................................................................................................................................................. 3. What components are used to calculate the Sukanya Samriddhi quantity? .............................................................................................................................................................................. The maturity price is calculated using the compound interest formula: A = P(1 r/n) ^ nt. .............................................................................................................................................................................. 4. Can partial withdrawals be crafted from the SSY account? .............................................................................................................................................................................. Yes, partial withdrawals are allowed for higher education or marriage as soon as the woman's baby meets certain age necessities.

///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// Conclusion .............................................................................................................................................................................. The Sukanya Samriddhi Yojana is a useful scheme for a dad and mom in search of a secure and tax-unfastened manner to shop for his or her lady baby’s future. With a high hobby rate, flexible deposits, and long-term financial savings alternatives, the SSY scheme is a sensible preference for parents aiming to assist their daughter’s education or marriage. By the usage of the Sukanya Samriddhi Yojana Calculator, account holders can appropriately estimate the adulthood quantity and make knowledgeable financial decisions. This government-subsidized initiative empowers dads and moms to construct a monetary cushion for their daughters, securing a brighter future and reinforcing the price of schooling and equality for female kids across India.