SSY Calculator: By the time your daughter turns 21, a good amount will be ready for her. Now let’s know how much profit you will get till maturity if the investment amount is Rs 1000, 2000, 3000 or 5000.
SSY Calculator: Any Indian can start investing in Sukanya Samriddhi Yojana for his daughter below 10 years of age. Currently, the scheme is getting 7.6 percent interest. There is a limit of investing a minimum of Rs 250 and a maximum of Rs 1.50 lakh annually. Contribution can be made for the daughter in the scheme for up to 15 years. This means that this scheme matures in 21 years. The younger you start investing for your daughter, the sooner you will be able to use the maturity amount for your daughter.
If you start investing at birth, you will get more benefits
If you start investing in Sukanya Samriddhi Yojana at birth, then by the time your daughter turns 21, a good amount will be ready for her. Now let us know how much profit you will get till maturity if the investment amount is Rs 1000, 2000, 3000 or 5000.
How much will you get if you invest Rs 1000?
If you invest Rs 1000 monthly in this scheme, then Rs 12 thousand will be deposited annually. According to the SSY calculator, a total of Rs 1,80,000 will be invested in 15 years and Rs 3,29,212 will be received only from interest. In this way, a total of Rs 5,09,212 will be received on maturity.
How much will you get if you invest Rs 2000?
If you invest Rs 2,000 per month, you will get Rs 24,000 annually. The total investment will be Rs 3,60,000 and the interest income will be Rs 6,58,425. The total amount on maturity will be Rs 10,18,425.
Also Read- RBI imposed heavy fine on 4 new banks and a finserv company, know the reasons
How much will you get if you invest Rs 3000?
If we see the calculation on the basis of Rs 3000 per month, then Rs 36,000 will be deposited annually. The total investment will be Rs 5,40,000. The interest income will be Rs 9,87,637. The total amount on maturity will be Rs 15,27,637.
How much will you get if you invest Rs 4000?
If you invest Rs 4000 in Sukanya Samriddhi Yojana (SSY), then Rs 48,000 will be deposited annually. The total investment in 15 years will be Rs 7,20,000. The interest income will be Rs 13,16,850. On maturity, a total fund of Rs 20,36,850 will be ready for the daughter.
How much will you get if you invest Rs 5000?
If you invest Rs 5000 monthly, the investment will be Rs 60,000 annually. In this way, a total investment of Rs 9,00,000 will be made in 15 years. The interest income will be Rs 16,46,062. On maturity, a big fund of Rs 25,46,062 will be ready.
Related Articles:-
ICICI Bank has announced several changes to its credit card, know the new rule
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
