What is Sukanya Samriddhi Yojana Calculator

'SSY or Sukanya Samridhi Yojna Calculator' is a handy device in estimating a value of the fund at maturity with reference to the amount invested per year. Prior to actually opening of an SSY account, you can use this calculator to see how much funds you will be able to put in.

This is quite a very easy and accurate tool which gives results for various amounts one wish to invest. The scheme facilitates deposits for a term of 15 years with interest compounded every year and paid into the girl’s account. Upon attaining the age of 21 or after marriage full withdrawal can be made. To illustrate, an investment of ₹1.5 lakh every year in a span of 15 years may result in a maturity amount of ₹69.80 lakh with an interest rate of 8 percent at the end of twenty one years. The SSY calculator helps you manage how much to invest every year in order to achieve these financial intentions for the child in the future.

How can Sukanya Samriddhi Yojana Calculator can help you?

This is primarily postulated for the investors who desire to save for a girl child in future especially the Sukanya Samriddhi Yojana (SSY) calculator. It helps in estimating how long the girl shall receive the money at the end of the investment time frame. If the anticipated funds do not appear to be adequate, you can make use of additional investment avenues in order to get enough money.

There are no manual errors in calculation, all calculations are self-explanatory and indicate how much minimum contribution over what time will help achieve the desired savings. The ET Money calculator is also quick and simplex web based which can be easily utilized by anybody.

How to Calculate the Sukanya Yojana calculator?

Formula:
This is the formula that is used to calculate the Sukanya Yojana calculator.
A = P (1 + r/n) ^ nt

• A = Compound interest
• P = Principal amount
• r = Rate of interest
• n = Number of times interest compounds in a year
• t = number of years