Sukanya Samriddhi 9.2% Interest: Maturity Amt. Calculation
Sukanya Samriddhi Scheme which was launched in January’15 is turning out to be the favourite investment option for the girl child since for the financial year 2015-2016, interest rate of 9.2% has been declared by the government. Earlier for the financial year 2014-2015, interest rate of 9.1% was declared by the government of India. Compared to PPF which would offer 8.7% interest, Sukanya Samriddhi Account will naturally offer very good returns if such an high interest rate is offered every year. Although there are many ways PPF and SSA are similar but there are many difference between these two zero risk investments.
Interested individuals can open the account at post offices and 28 authorized banks (public/private) by Reserve Bank of India. The application process is very simple and requires parents to submit the account opening form along with the following mandatory documents:
- Birth Certificate of the girl child
- Address and ID proof of the parents/legal guardian
The amount earned after the maturity will be totally tax free and moreover there is absolutely no tax on the investment made. Check out SSA features and scheme details.
Displayed below is the maturity amount calculed at 9.2% interest rate when someone starts investing from the financial year 2015-2016 till 14 years and the amount received on maturity:
| If you invest following amount every year for 14 Years starting from 2015 till 2028 | Then maturity amount received after 21 Years (In 2036) will be |
|---|---|
| 10,000 | 5,33,764 |
| 20,000 | 10,67,528 |
| 30,000 | 16,01,293 |
| 40,000 | 21,35,057 |
| 50,000 | 26,68,821 |
| 60,000 | 32,02,585 |
| 70,000 | 37,36,349 |
| 80,000 | 42,70,114 |
| 90,000 | 48,03,878 |
| 1,00,000 | 53,37,642 |
| 1,10,000 | 58,71,406 |
| 1,20,000 | 64,05,170 |
| 1,30,000 | 69,38,934 |
| 1,40,000 | 74,72,699 |
| 1,50,000 | 80,06,463 |
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maneesh khuntela
Can i deposit different amount per mnth
AllOnMoney.Com
Yes, you can deposit.
narsingh
Please confirm minimum amount 1000 manthly or yealy.
AllOnMoney.Com
You can deposit monthly as well as yearly. Thanks.
saroj verna
i have opned the ssy account this year.my dauhgter will become10 years old on feb.2016.if i deposit 24000 yearly then how much amont will i get when my daughter become 21 years old means in the year of 2027. is it possible to withdraw all the amount in2027 anf how much
ankur pandey
sir maine aaj account open kiya hai babu ka dob 22/10/2010hai aur 1000 pm ka open kiya hai so pls ji total mere ko kb aur kitna milega
Akhila
If I want to invest 1000 in one month and 20000 in another moth in an year will it Accept?
And also if I invested only 150000 for 1St year and 1000 for next year . Is this possible please confirm
sandeep
sir meri ladki 8 year ki hai aur mujhe is scheme ka labh lena hai to.kitna amount per year jama karna hoga. aur kya per month jama karna hoga ya phir ya ek saal me decide amount hi.aur kya sir only 140000 ka invest hona jarrori give detail.
shivprasad
५000 pr yer
Magesh Babu
Hi Dear,
I would like to know what is the best date for deposit (yearly or monthly basis)to get maximum returns & which one is good, monthly deposit or yearly deposit.?
For Ex: Yearl Means (1st – 5th of April), Monthly Means (1st – 5th of any month) – Like PPF
Thanks & Regards
nima wangdi
Hello! Sir/Madam if yearly we invest ₹24000/- if a child is 6years as on 2015, then what will be the maturity amount along with interest?
dayamay kumar
My.daughter now 5yr old how much money invest yeary.for ssa..i want maturatity 25lakh..in my daughter age when 21..
AllOnMoney.Com
In order to get Rs. 25,00,000 on maturity, yearly investment required is nearly Rs. 47,000.
dayamay kumar
Thnx.
Subramanyam
My child is 7 years now if I start investing in Sukanya Samridhi now when can I withdraw full amount or when is the maturity age for full withdrawal.. please
N K JAIN
Can one invest variable amount during a year and in irregular frequency?
AllOnMoney.Com
Hello Dear, Yes you can invest variable amount at any time during a year. Thanks.
Dr.Ajoy Kumar
Can I deposite diffrent ammount in another years to come.
AllOnMoney.Com
Dear Dr. Ajoy Kumar – Yes, you can deposit any variable amount every year but as per the specified limit.