The Sukanya Samriddhi savings scheme Calculator (SSY) is a savings scheme launched by the Government of India, primarily under the “Beti Bachao, Beti Padhao” (Save the Daughter, Educate the Daughter) campaign, to secure the future of girls in the country. The main objective of this scheme is to encourage parents to save for their daughters’ bright future.

Introduction to Sukanya Samriddhi Savings Scheme :-

This scheme is a savings plan specifically launched to cover the financial expenses related to the education and marriage of girls in the country. In this scheme, the girl’s parents or guardians invest a fixed amount annually through small savings. This invested amount, over a long period, grows into a substantial fund upon account maturity, enabling the parents to easily meet their daughter’s financial goals.

SSY Objectives –

• With the help of this scheme, parents can create a huge fund for their daughter’s education and marriage expenses and can easily meet the expenses of their financial goals.

• The objective of launching this scheme by the government is to reduce child marriage and gender inequality.

• It is often seen that parents pay more attention to the education and investment of sons, hence the government has started this scheme only to secure the future of daughters.

• The main objective of this scheme is to encourage middle and lower middle class families to save for their daughters so that their future can be secured.

Benefits of this scheme –

• This scheme is backed by the Government of India so your money is completely safe. This will be a better option for those parents who are looking for a safe savings option for their daughter.

• This scheme offers higher interest rates than small savings schemes (PPF, FD, RD), and is calculated annually on the basis of compound interest, which gives good returns in the long run.

• There is three-fold tax saving in this scheme such as – tax saving on investment, tax saving on interest earned from investment, tax saving on maturity amount.

Eligibility and Account Opening Rules :-

• To open an account under this scheme, the daughter’s age should be between 0 to 10 years.

• Maximum accounts of only two daughters can be opened in a family.

• The account related to this scheme can be easily opened in the nearest bank or post office.

Terms of investment and returns in this scheme :-

• Under this scheme, you can invest a minimum of Rs 250 and a maximum of Rs 1.5 lakh.

• In this account, you have to invest only for 15 years, for the remaining 6 years the entire amount continues to get the same interest rate, then after completion of 21 years the account matures automatically.

Investing in this scheme gives you three times tax benefit :-

This scheme works on the EEE model which is as follows –

• Exemption (1) – The annual amount invested (up to Rs 1.5 lakh) is exempted under 80C.
• Exemption (2) – Facility to save tax on the interest earned on the invested amount.
• Exemption (3) – In this, no tax is payable on the amount received on account maturity after 21 years.

How to use the Sukanya Samriddhi Savings Scheme calculator :-

• Annual Investment – Choose the amount you can invest in a year.
• interest rate – Select the interest rate fixed by the government in this scheme.
• daughter’s age – Keep in mind that the age of the daughter should be the same as the age at which you have opened the account related to this scheme.

• Select the period – Choose the tenure option only when your daughter is above 18 years of age and is about to get married because only in such a situation the account can be closed by withdrawing 100% of the money.

• You can see the yearly table at the bottom of the Sukanya Samriddhi Savings Scheme calculator and with the help of this table you can easily see the amount invested every year and the interest earned on it.

Understand the withdrawal rules of SSY account :-

• Withdrawal for education – If the daughter has passed class 10th or has attained the age of 18 years, then in this case, up to 50% of the balance available in this account can be withdrawn.

• Withdrawal for marriage – If the daughter is above 18 years of age and is about to get married, then in such a situation the account can be closed by withdrawing 100% of the amount from this account.

Disclaimer :-

This ‘ Sukanya Samriddhi savings scheme Calculator ‘ is provided for your convenience and for estimation purposes only. The calculator’s results are based on current interest rates and the information you provide. Since the government revises interest rates periodically, the actual maturity amount may vary slightly. Please obtain the latest information from your nearest bank or post office before making any investment.

Conclusion :-

The Sukanya Samriddhi Savings Scheme is not just a savings option; it’s an investment in your daughter’s bright future. So, don’t ignore it! Use the “Sukanya Samriddhi Savings Scheme Calculator” provided above to plan your savings today and help your daughter fulfill her dreams and become a shining star of the nation.

SSY Scheme FAQs :-

About सुकन्या समृद्धि बचत योजना हिंदी

post office scheme official website