Educate the girl, and the whole family will be educated. The SukanyaSamriddhi Yojana is a step towards making this saying come true. In 2015 the Government of India launched a savings scheme, which enables parents to save mainly in the name of their girl child for their education and their marriage.

SSY is a risk-free deposit scheme launched under the “BetiBachaoBetiPadhao” campaign of the Indian government. Apart from being risk-free; Another feature of this scheme is that it also comes with tax benefits. And, to add that, both the maturity amount and interest are tax-free.

This makes an ideal savings plan that parents can buy to give wings to their girls. Also, they can avail tax on the principal amount, maturity income, and interest earned. And it is simple, with the help of Sukanya Samriddhi Yojana Calculator, to calculate the return on the amount invested by tenure. Let’s dive into the online SSY calculator details:

Eligibility Criteria for Sukanya Samriddhi Yojana calculator

All individuals who want to invest in the Sukanya Samriddhi Yojana scheme can check the maturity amount to be obtained using the Sukanya Samriddhi Yojana calculator. To use SSY calculator or to open Sukanya Samriddhi Yojana account, there is a specific eligibility criterion that a person should get:

• The girl child should be a citizen of India
• When starting this scheme, Sukanya Samriddhi Yojana scheme is allowed for two girls belonging to only one family,
• At the time of starting the scheme, her age should not be more than ten years.
• The partial withdrawal facility is available only after the insured girl reaches the age of 18.
• The deposit amount must be at least 15 years from the date of opening.
• The Government of India and the subject decides interest to changes.
Money deposit rules in Sukanya Samriddhi Yojana
• A minimum deposit of Rs. 250 per year which is mandatory, the account will be declared inactive
• The maximum deposit amount of Rs. 1.5 lakh per year is allowed.
• The account remains good until the girl’s child reaches the age of 21 or is married, which comes first of the two. The initial minimum deposit was kept nominal by the Indian government, which was Rs. 250. The number of deposits will be infinite in a month or year.
• There is also a provision for partial withdrawal of education or marriage at the age of 18 years.

Interest Rate in Sukanya Samriddhi Yojana Scheme

Among other savings schemes, the Sukanya Samriddhi Yojana scheme offers the best ROI, which is currently 8.3 percent. GOI is entitled to adjust the interest rate as per the requirement.

Note: Sukanya Samriddhi Yojana is for girls of Indian origin, The maximum permissible age at the time of opening an account is ten years, Sukanya Samriddhi Yojana is allowed only for two girl children of the same family, Total tenure is 21 years, Need to deposit by year 14, Sukanya Samriddhi Yojana comes with tax benefits.