SSY Calculator
Total Investment: $ 0
Interest Earned: $ 0
Maturity Value: $ 0
About Our SSY Calculator
The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme in India designed to provide a bright future for the girl child. Our SSY Calculator helps you estimate the maturity value of your investment in this scheme. By entering the annual investment amount, the expected interest rate, and the investment period, you can get a clear idea of the financial security you can provide for your daughter.
How to Use the SSY Calculator
- Enter the Annual Investment: This is the amount you plan to invest each year in the SSY scheme.
- Enter the Expected Annual Return: This is the interest rate applicable to the SSY scheme for the given year.
- Enter the Time Period: This is the duration, in years, for which you will be making contributions.
- Click "Calculate SSY": The calculator will display the total investment, the interest earned, and the final maturity value of your SSY investment.
Frequently Asked Questions (FAQ)
- What is the Sukanya Samriddhi Yojana (SSY)?
- The Sukanya Samriddhi Yojana is a small savings scheme launched by the Government of India as part of the "Beti Bachao, Beti Padhao" campaign. It is aimed at encouraging parents to build a fund for the future education and marriage expenses of their female child.
- Who is eligible for the SSY scheme?
- A parent or legal guardian can open an SSY account in the name of a girl child who is 10 years of age or younger.
- Is the interest rate on SSY fixed?
- No, the interest rate for the SSY scheme is reviewed and announced by the government on a quarterly basis.