Sukanya yojana calculator: Sukanya Samriddhi Yojana calculator

Sukanya Samriddhi Yojana calculator helps investors determine the likely returns from the investment based on the amount invested and the investment period. The Sukanya Samriddhi Yojana calculator is simple, quick, accurate and allows for multiple iterations and simulations. This allows you to look at various combinations to get the best value for money for your girl child. Sukanya Samriddhi Yojana (SSY) is a government savings scheme launched in 2015 to promote the well-being of the girl child. Guardians can open SSY accounts for their daughters at authorized banks or India Post offices. The scheme offers a competitive interest rate (currently 8.2%). To estimate potential returns and plan for their daughter's future, investors can use a Sukanya Samriddhi Yojana calculator. This online tool helps project the maturity amount based on the investment amount and ... How does our Sukanya Samriddhi Yojana Calculator works? Here's a look at the formula behind our SSY Calculator, so you can understand how it calculates your investment with great accuracy. Sukanya Samriddhi Yojana Calculator Formula A = P × (1 + r/n)^ (n × t) A = Maturity Amount P = Principal Investment (Amount Deposited) r = Annual Interest Rate (as per government notification) n = Number of times interest is compounded in a year (SSY compounds interest annually) t = Number of years ...