Are you planning to invest something valuable and useful? If so, then why don’t you try Sukanya Samriddhi Yojana scheme. With this scheme, you can easily save your savings in a useful way for the girl’s children’s future purposes. With the help of the scheme, you are allowed to save more for the girl’s higher education or marriage. By means of sukanya samriddhi yojana calculator, you are allowed to calculate the total amount at the end of the lock-in period. The main reason for the popularity of the scheme is its tax benefit. Under the scheme, an individual can benefits up to Rs. 1,50,000 under the section of 80C if Income Act. Yes! The amount can be accrued along with the interest for tax payable system.
Sukanya Samriddhi Yojana (SSY) is one of the best savings schemes by the Government in order to open an account for the girl children to enable something for future purposes. It can be opened in any authorized bank and Indian Postal Service! By means of the calculator, you can come to know the amount invested and tenure. Of course, it is the best and main objective for the welfare of women to benefit a lot. By means of limited amounts of Rs. 250 and so you can receive 8.4% high returns. With this, you can receive high tax amounts and will be sanctioned on maturity time. In order to receive a better contribution, you have to go with the lock-in period and sure 14 years is mandatory.
How does sukanya Samriddhi Yojana calculate?
If you are the one who is looking for the best way to invest for your girl daughters, then nothing would be better options other than this effective scheme. During the completion of the scheme, it will offer you great savings and so can be used for valuation purposes. Take a brief look at the following and try to know how the amount can be calculated through sukanya samriddhi yojana calculator!!
- Once you have offered the necessary details, then the calculator determines the total value and then it will be sanctioned during the maturity.
- Makes sure that the individual pay the same amount every year
- The monthly payment should be deposited at the 1st of every month
- When you go with the yearly payment method, then you have to pay the contributions on every 1st April month
- No withdrawals can be performed until the completion of the scheme period
- And also, at the age of 15 to 21, no more payment is included. And then, interests can be calculated on the basis of the preceding payment which is made during the tenure period.
- The interest which is generated at last will be calculated by the calculator as the final amount
As a whole, the calculator will show the detailed list of the information which you have provided. And then, you will come to know huge things such as interest rate, mature account, total amount and a lot more. With the help of the scheme, you can increase the interest rate by up to 8.1% per annum!!