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    Sukanya Samriddhi Yojana Calculator

    Uploaded by

    ManojDevarajanachari
    The document outlines details of the Sukanya Samriddhi Yojana, a savings scheme for girl children in India. It provides calculations showing that with an annual contribution of 150,000 rupees for 21 years and an interest rate of 8.4%, the total maturity amount would be around 7,390,043 rupees. At age 18, 50% of the amount, or around 2,468,713 rupees can be withdrawn for the girl child's education. The document provides a year-by-year breakdown of contributions, returns, and projected balances over the 21 year period.

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    Download as XLSX, PDF, TXT or read online from Scribd

    Sukanya Samriddhi Yojana Calculator

    Uploaded by

    ManojDevarajanachari
    126 views6 pages
    The document outlines details of the Sukanya Samriddhi Yojana, a savings scheme for girl children in India. It provides calculations showing that with an annual contribution of 150,000 rupees for 21 years and an interest rate of 8.4%, the total maturity amount would be around 7,390,043 rupees. At age 18, 50% of the amount, or around 2,468,713 rupees can be withdrawn for the girl child's education. The document provides a year-by-year breakdown of contributions, returns, and projected balances over the 21 year period.

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    Sukanya-Samriddhi-Yojana-Calculator

    Original Title

    Sukanya-Samriddhi-Yojana-Calculator

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    The document outlines details of the Sukanya Samriddhi Yojana, a savings scheme for girl children in India. It provides calculations showing that with an annual contribution of 150,000 rupees for 21 years and an interest rate of 8.4%, the total maturity amount would be around 7,390,043 rupees. At age 18, 50% of the amount, or around 2,468,713 rupees can be withdrawn for the girl child's education. The document provides a year-by-year breakdown of contributions, returns, and projected balances over the 21 year period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    126 views6 pages

    Sukanya Samriddhi Yojana Calculator

    Uploaded by

    ManojDevarajanachari
    The document outlines details of the Sukanya Samriddhi Yojana, a savings scheme for girl children in India. It provides calculations showing that with an annual contribution of 150,000 rupees for 21 years and an interest rate of 8.4%, the total maturity amount would be around 7,390,043 rupees. At age 18, 50% of the amount, or around 2,468,713 rupees can be withdrawn for the girl child's education. The document provides a year-by-year breakdown of contributions, returns, and projected balances over the 21 year period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 6

    Age of Girl Child (should be below 10)

    Simple Starting FY
    Sukanya Inputs Account Maturity FY
    Samriddhi
    Annual Contribution (Rs)
    Yojana
    Calculator Interest Rate
    2
    Total Amount Invested 2,250,000
    FY 2020-2021

    FY 2041-2042
    Maturity Amount
    Results (after 21 years of account opening) 7,390,043
    150,000

    8.40%
    50% Amount at Girl's Age 18
    (can be withdrawn for education) 2,468,713
    Figures are indicative only
    Year of Age (Girl Annual
    Opening Returns
    Account Child) Contribution

    1 2 - 150,000 8.40%
    2 3 162,600 150,000 8.40%
    3 4 338,858 150,000 8.40%
    4 5 529,923 150,000 8.40%
    5 6 737,036 150,000 8.40%
    6 7 961,547 150,000 8.40%
    7 8 1,204,917 150,000 8.40%
    8 9 1,468,730 150,000 8.40%
    9 10 1,754,703 150,000 8.40%
    10 11 2,064,698 150,000 8.40%
    11 12 2,400,733 150,000 8.40%
    12 13 2,764,995 150,000 8.40%
    13 14 3,159,854 150,000 8.40%
    14 15 3,587,882 150,000 8.40%
    15 16 4,051,864 150,000 8.40%
    16 17 4,554,821 - 8.40%
    17 18 4,937,426 - 8.40%
    18 19 5,352,169 - 8.40%
    19 20 5,801,751 - 8.40%
    20 21 6,289,099 - 8.40%
    21 22 6,817,383 - 8.40%
    50%
    Closing Withdrawal
    Allowed

    162,600 -
    338,858 -
    529,923 -
    737,036 -
    961,547 -
    1,204,917 -
    1,468,730 -
    1,754,703 -
    2,064,698 -
    2,400,733 -
    2,764,995 -
    3,159,854 -
    3,587,882 -
    4,051,864 -
    4,554,821 -
    4,937,426 -
    5,352,169 2,468,713
    5,801,751 2,676,085
    6,289,099 2,900,876
    6,817,383 3,144,549
    7,390,043 3,408,691

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