Sukanya Samriddhi Yojana (SSY) Calculator, by Finotax, is an Easy and User-friendly online tool to calculate Interest, Maturity Amount and Return on your Fixed Monthly / Variable Monthly / Fixed Yearly / Variable Yearly Investment in existing or new SSY Account. The SSY calculator takes into account applicable interest rate since December 2014. Check correctness of interest applied in your SSY account.
The Sukanya Samriddhi Yojana Calculator calculates interest and maturity as per Sukanya Samriddhi Yojana rules. The interest is applied on minimum closing balance between 10th and last day of the month. Therefore, the estimated maturity amount calculations are based on the presumptions that the account is opened in April and monthly investment is made on or before 10th of April (for yearly investments) and on or before 10th of every month for monthly investments. The interest is compounded annually. Interest rate, as displayed, is applied for calculation of interest for the respective past years. Current Interest rate is applied for future years.
As SSY is a Government Scheme, the accounts in all authorised banks and Post Offices are governed by same rules. Therefore, this calculator can be used for your account in any authorised bank (viz SBI, ICICI, IDBI, PNB, BOB etc.) or any authorised Post Office.
This calculator calculates the exact amount of interest due / accrued in your SSY account based on the investment data entered by you.