One of the most well-known microsavings programmes to safeguard the financial future of girls is Sukanya Samriddhi Yojana (SSY). Any one of the girl’s parents or legal guardians may manage her SSY account. On the investments deposited in this account, interest is given on a fixed basis. It is also a long-term investing strategy. We’ll discuss it today because many parents are also interested in finding out how much money their daughter will receive when this account matures.
Interest Rate for the SSY Yojana
SSY Yojana’s current interest rate is 7.6%. It is compounded once a year. When the plan matures or a female loses her citizenship or becomes an NRI, no interest is due. The government chooses the interest rate, which is set on a quarterly basis.
Calculator for the Sukanya Samriddhi Yojana
This scheme has a 15-year investment period and a 21-year maturity horizon. On the other hand, the SSY Calculator can be used to determine the maturity amount of the program. A person can estimate the investment plan under the SSY using the calculator.
The Sukanya Samriddhi Yojana calculator
will analyze the data and provide you with the final result in terms of maturity amount using information such as annual investments and the interest rate you specified. There are numerous websites that offer SSY calculators that allow maturity amounts to be computed online. By searching for SSY Calculator on Google, the maturity amount can be computed on a variety of platforms.
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