SSY Calculator: Know the whole program, deposit Rs 4,000 per month, and get a profit of more than Rs 15 lakh at maturity

SSY Calculator: Know the whole program, deposit Rs 4,000 per month, and get a profit of more than Rs 15 lakh at maturity

SSY Calculator: Know the whole program, deposit Rs 4,000 per month, and get a profit of more than Rs 15 lakh at maturity

Investing in the Sukanya Samriddhi Yojana entitles you to 8.2% interest. See how an investment of ₹ 48,000 may yield interest of Rs 14 lakh by using this comprehensive computation.

With regard to the Sukanya Samriddhi Yojana, the Central Government is now more interested. Customers who invested in the plan were formerly eligible to receive interest at a rate of 8%. But now that interest rates have increased, they are down to 8.2%. The program is unique in that it allows for the creation of a larger fund than SSY via long-term investment. Remember that you can only establish an SSY account till your daughter becomes ten years old.

The 21-year-old SSY account matures. The money may be taken out of the account for marriage or study, however, after the girl reaches 18. We will now discuss a potent calculation with you. You must save Rs 4,000 per month under this scheme and deposit it into your SSY account. Let's say your daughter is five years old in 2024 when you begin investing. Recognize what will be the whole fund of calculation in this scenario.

This is how the interest on ₹15 lakh will come to you.

As previously mentioned, the account has a 21-year maturation period. This means that if you start investing in 2024, you may expect to see significant profits in 2045. You may invest Rs 48,000 in a year if you save Rs 4,000 each month. The account must be funded for a period of fifteen years. Based on the computation, this investment has to be made by 2042. You would have contributed Rs 7 lakh 20 thousand to the Sukanya Samriddhi Yojana by doing this.

Let us inform you that you will only be eligible to get interest of Rs 15 lakh 14 thousand at maturity, which occurs after 21 years, or in 2045. This indicates that you may earn interest of ₹15.14 lakh on an investment of ₹7.20 lakh. We would like to inform you that at maturity, you will get the whole amount of Rs 22 lakh 34 thousand, which is the sum of the investment plus interest.