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Indian Bank- Sukanya Samriddhi Yojana Calculator
The Indian Bank- Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme aimed at promoting the education and marriage of the girl child in India. The Indian Bank Sukanya Samriddhi Yojana Calculator is a valuable tool that helps parents estimate the maturity amount of their investments in the SSY scheme.
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Sukanya Samriddhi Yojana
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Indian Bank Sukanya Samriddhi Yojana
- Indian Bank- Sukanya Samriddhi Yojana Calculator
Sukanya Samriddhi Yojana Calculator
Latest SSY interest rates: 8.20%
You can invest a maximum amount up to ₹1,50,000
Yearly
- ₹250
- ₹1,50,000
Govt. allows maximum age of enrollment to 10 years
Years
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Investment term is 21 years
Year
Total investment
₹1.5 Lakh
Total interest
₹3.3 Lakh
Maturity year
2047
Maturity value
₹4.8 Lakh
*for market linked plans only
What is the Indian Bank- Sukanya Samriddhi Yojana Calculator?
The Indian Bank Sukanya Samriddhi Yojana Calculator is an online tool that enables users to compute the potential returns on their investments in the SSY Scheme. By inserting specific details such as annual investment amounts and the age of the girl child, users can quickly determine:
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Total investment over the years
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Total interest earned
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Maturity value at the end of the investment period
This SSY calculator simplifies financial planning for parents aiming to secure their daughter's future.
How to Use Sukanya Samriddhi Yojana Calculator- Indian Bank from Policybazaar?
Using the Indian Bank- Sukanya Samriddhi Yojana Calculator from Policybazaar is straightforward. Here is how you can do it:
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Visit the Calculator Page: Go to the Policybazaar SSY Calculator- Indian Bank available on this page.
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Enter Required Details:
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Annual Investment Amount (Specify how much you plan to invest each year).
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Age of Girl Child (Input the current age of your daughter).
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Investment Start Year (Select when you plan to start investing).
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Calculate: You can see the total invested amount, maturity year, interest earned, and total returns from the SSY calculator.
This user-friendly online SSY Calculator provides quick results, making it easy for parents to plan their finances effectively.
People also read: Child Education Plan
Example of Indian Bank- SSY Calculator
Let us consider an example using the SSY calculator:
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Annual Investment: ₹1,50,000
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Age of Girl Child: 5 years
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Investment Start year: 2025
Calculation Results:
| Year | Total Investment | Total Interest Earned | Maturity Value |
| 2025 | ₹22,50,000 | ₹49,32,101 | ₹71,82,101 |
This example illustrates how consistent investments can grow significantly over time due to compounding interest calculation.
Banks Offering SSY
SSY Calculators
Indian Overseas Bank Sukanya Samriddhi Yojana
IndusInd Bank Sukanya Samriddhi Yojana
Yes Bank Sukanya Samriddhi Yojana
Bank of India Sukanya Samridhi Yojana
Kotak Bank Sukanya Samriddhi Account
India Post Payment Sukanya Samriddhi Yojana
Bank of Maharashtra Sukanya Samriddhi Yojana
UCO Bank Sukanya Samriddhi Yojana
Expand
Sukanya Samriddhi Yojana- Central Bank of India Calculator
Canara Bank- Sukanya Samriddhi Yojana Calculator
Bank of Maharashtra- Sukanya Yojana Calculator
Sukanya Samriddhi Yojana Calculator Bank of India
Sukanya Samriddhi Yojana Calculator - Union Bank
Sukanya Samriddhi Yojana Calculator-UCO Bank
Sukanya Samriddhi Yojana Calculator - State Bank of India
Sukanya Samriddhi Yojana Calculator – Punjab National Bank
Expand
Overview of Indian Bank- Sukanya Samriddhi Yojana (SSY)
The Indian Bank- Sukanya Samriddhi Yojana is designed to provide financial security for girl children. Key features include:
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Eligibility: Accounts can be opened for girls under 10 years old.
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Minimum Deposit: Starting with just ₹250 and a maximum of ₹1.5 lakh per year.
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Interest Rate: Currently set at 8.2% annually (as of January 2024).
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Maturity Period: The account matures 21 years after opening or when the girl marries after turning 18.
These features make SSY an attractive option for long-term savings.
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Standard T&C Apply *
Who Can Use the Sukanya Samriddhi Yojana- Indian Bank Calculator in 2025?
The SSY calculator- Indian Bank is best to use for:
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Parents or Guardians: Those who wish to invest in their daughter’s future.
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Legal Guardians: Individuals who meet eligibility criteria can open accounts on behalf of a girl child.
To use the calculator effectively, users must ensure they meet these conditions and have relevant details ready.
How Can the Indian Bank- Sukanya Samriddhi Yojana Calculator Help You?
The Indian Bank- SSY calculator provides several benefits:
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Financial Planning: Helps in budgeting yearly contributions.
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Goal Setting: Assists in determining how much to invest to reach desired maturity amounts.
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Error Reduction: Minimizes calculation errors compared to manual computations.
By using this tool, parents can make informed decisions regarding their investments.
People also read: Government Schemes for Girl Child
What are the Benefits of Using a Sukanya Samriddhi Yojana Calculator- Indian Bank by Policybazaar?
Using the Indian Bank- Sukanya Samriddhi calculator offers several advantages:
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Convenience: Easy access online without needing financial expertise.
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Quick Results: Instant calculations save time and effort.
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Detailed Projections: Offers insights into total investments and expected returns over time.
These benefits make it an essential tool for parents planning for their daughters' futures.
Conclusion
The Indian Bank Sukanya Samriddhi Yojana Calculator is an invaluable resource for parents looking to save for their daughters' education and marriage. By utilizing this tool, they can effectively plan their finances, ensuring a secure future for their children. With its user-friendly interface and accurate calculations, it empowers families to make informed investment decisions that align with their goals.
FAQs
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What is the Indian Bank- Sukanya Samriddhi Yojana?
The Indian Bank Sukanya Samriddhi Yojana (SSY) is a government savings scheme designed to promote the education and marriage of girl children in India. -
Who can open an Indian Bank- SSY account?
An Indian Bank SSY account can be opened by parents or legal guardians for a girl child who is an Indian resident and under 10 years old. -
What is the minimum and maximum deposit for SSY- Indian Bank?
The minimum deposit required to open an SSY account through Indian Bank is ₹250, while the maximum annual deposit limit is ₹1.5 lakh. -
What is the current interest rate for the Indian Bank SSY Scheme?
As of April 2025, the interest rate for the Indian Bank- Sukanya Samriddhi Yojana is 8.2% per annum. -
How long does the investment period last?
The investment period lasts for 14 years, after which no further contributions are required until the account matures at 21 years. -
Can I withdraw money from the Indian Bank SSY account before maturity?
Yes, when the girl child turns 18, she can withdraw up to 50% of the balance for higher education or marriage expenses.
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.