Sukanya Samriddhi Account – Maturity value calculator

27 March 2015 by wealth18.com

In my previous post, I explained the features of Sukanya Samriddhi Account. Summary of its features are:

Sukanya Samriddhi Account can be opened by parents for their girl child
The account can be opened at Post office or at designated bank branches.
Interest rate is 9.1% for current financial year. Interest rate for each year will be declared every year (like PPF)
The age of girl at the time of opening account should not be more than 10 years. Money must be deposited for 14 years. The maturity of the account is 21 years from the date of opening of account.
Minimum deposit amount is Rs 1000 and maximum is Rs 1.50 lakhs per year
You can also get benefit of 80C deduction for your investment

Read full details about Sukanya Samriddhi Yojna Account Scheme at the post below:

https://wealth18.com/sukanya-samriddhi-account-details-review/

Maturity Value for Sukanya Samriddhi Scheme – calculator

I received multiple queries from members about maturity value for Sukanya Samriddhi Yojna after 21 years. Below, I have given an indication of the maturity value for Sukanya Samriddhi Account .

Please note that the maturity value is the calculation based on current 9.1% interest rate. This rate can be changed by government every year which will impact the maturity rate.

Assumptions:

Investment of Rs 1.50 lakh each year (on 1^st April) in case on annual contribution. Rs 12500 every month on 1st in case of monthly contribution
Interest rate is 9.1%
Investment for 14 years and no withdrawals till 21 years

Maturity value in case of Yearly contribution for Sukanya Samriddhi Scheme