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Aditya Birla Sun Life Insurance Company Limited
Aditya Birla Sun Life Insurance Company Limited
Sukanya Samriddhi Yojana Calculator
Sukanya Samriddhi Account (SSA) Calculator
Advantages of Sukanya Samridhi Scheme Calculator
Using the SSY calculator has many benefits. Some of these are:
Time-Saving:
No more manual calculations. Enter your details in the sukanya yojana calculator to get a quick view of the potential returns.
Financial Clarity:
It provides a clear picture of how your regular contributions can grow into a substantial sum, essential for expenses like higher education or marriage.
Accurate Estimates:
The calculator uses updated interest rates to give a close-to-real forecast of the final amount you might receive.
Informed Planning:
By adjusting the contribution amount, you can see how small changes in your monthly or annual deposits can significantly influence your child’s future corpus.
User-Friendly:
Even if you’re new to online financial tools, the interface is simple, making it easy for parents to plan without professional assistance.
Who Can Use This Calculator?
Parents or Guardians:
If you have a daughter under 10 years of age, you can open an SSY account and use the calculator to forecast long-term returns.
Financial Planners:
Professionals who want a quick reference to help clients understand SSY benefits can also rely on the sukanya samriddhi yojana scheme calculator.
Extended Family Members:
Grandparents or other relatives who plan to contribute to a girl child’s SSY can also use this tool to gauge the investment’s potential growth.
How Can an SSY Calculator Help You?
Using are SSY calculator helps you:
Set Realistic Goals:
Determine how much you need to invest monthly or annually to reach a target amount—like a certain tuition fee.
Track Progress:
If you’re already investing, the calculator helps you see if you’re on track or need to adjust contributions.
Compare Different Contributions:
Experiment with various deposit amounts to find a comfortable, yet rewarding, investment schedule.
Stay Motivated:
Watching your projected wealth grow can encourage you to maintain consistent deposits and follow a disciplined savings approach.
How Does the SSY Calculator Work?
Here’s how the SSY calculator works:
Input Details:
You enter your child’s current age (she must be under 10), the amount you plan to invest, and how often (monthly or yearly).
Select the Interest Rate:
The government reviews and may revise SSY rates quarterly. The sukanya samriddhi yojana calculator uses the latest declared rate.
Calculate:
Once you click “Calculate,” the tool forecasts your final corpus when the account matures—typically when the child reaches 21 years of age.
Review and Adjust:
If the estimated total seems lower or higher than you’d like, simply adjust the deposit amount until you find a comfortable balance.
FAQs
Any parent or guardian with a girl child who is younger than 10 years of age is eligible to open an SSY account. Each child can have only one SSY account, and a family can open up to two accounts for two daughters.
You can invest as little as ₹250 per year to keep the account active. The maximum deposit allowed in a financial year is ₹1.5 lakh. Remember, contributions to SSY also enjoy tax benefits* under Section 80C of the Income Tax Act.
The government decides the SSY interest rate every quarter. It has historically been around 7-8% or more, making it quite attractive compared to other fixed-income instruments.
You can find the most updated rate on government notifications. ABSLI’s sukanya samriddhi calculator also regularly updates this figure to ensure accurate projections.
Get immediate income payout after 1 day of policy issuance^
ABSLI Nishchit Aayush Plan
Guaranteed# income
Life Cover across policy term
Lumpsum Benefit at policy maturity, in addition to Income
Get :
₹33.74 lakhs~
Pay: ₹10K/month for 10 years
BUY ONLINEMost Popular Calculator
ABSLI Nishchit Aayush is a non-linked non-participating individual savings life insurance plan (UIN No 109N137V12)
*Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
^ - Provided 0 year deferment & Annually in Advance payout frequency is chosen at the time of inception of the policy. Annually in Advance payout frequency is only available in "Annual" premium payment mode.
~Male- 25 yrs invests in ABSLI Nishchit Aayush Plan with Level Income + Lumpsum Benefit. He chooses premium payment term 10 yrs , policy term 40 years, benefit option -Long Term Income, Sum Assured 7 times of Annualized Premium and Deferment Period 0 years. Annualized Premium is ₹1,20,000 (Exclusive of GST.). Annual Income of ₹ 42,360 (42,360*40= 16,94,400) + Maturity Benefit (₹16,80,000)= ₹ 33,74,400
#Provided all due premiums are paid
ADV/4/25-26/73
Get immediate income payout after 1 day of policy issuance^
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