Sukanya Samriddhi Yojana Calculator

Sukanya Samriddhi Yojana is a government-backed savings scheme for the benefit of the girl child. It encourages parents to build a corpus for their daughter’s future education and marriage expenses.

The calculator estimates the future value of your Sukanya Samriddhi Yojana investment based on factors like the initial deposit, annual contributions, and the applicable interest rate.

Yes, the calculator provides a close approximation of the maturity amount. However, the actual returns may vary based on changes in interest rates and other factors.

The calculator typically requires details such as the initial deposit amount, annual contribution, tenure, and the prevailing interest rate.

Yes, you can use the calculator for multiple accounts by entering the relevant details for each account separately.

It is advisable to update the calculator whenever there are changes in the contribution amount, interest rates, or any other relevant details to get accurate projections.

No, the results are based on certain assumptions and market conditions. Actual returns may differ due to fluctuations in interest rates and other economic factors.

The interest rate is subject to change. Check with the official government sources or financial institutions for the most up-to-date rates.

Yes, there is a specified maximum limit for annual contributions, and it is advisable to stay within this limit for optimal benefits.

Partial withdrawals are allowed for specific purposes such as the girl child’s higher education, marriage, or in case of medical emergencies, subject to certain conditions.

It’s important to make regular contributions. If a contribution is missed, a penalty may be applicable, and the account could become inactive.

As of now, the interest earned and the maturity amount are exempt from income tax under Section 80C of the Income Tax Act.

Yes, the account can be transferred to another location within India if required, due to factors such as relocation.

Generally, documents such as the girl child’s birth certificate and the parent/guardian’s identity and address proofs are required for account opening.

No, NRIs are not eligible to open Sukanya Samriddhi Yojana accounts.

If there is a change in the girl child’s gender, the account will be closed, and the balance will be refunded to the account holder.