What Is Sukanya Samriddhi Yojana Scheme?

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Sukanya Samriddhi Yojana is a tiny deposit method of Government which is specially meant for a girl child. It is meant in order to accumulate the learning as well as the matrimony expenses of girl child. It is a savings scheme that is launched in the year 2015 as per the Government of India.

 It allows parents or guardians to unfasten a savings account for their girl child with an official commercial bank. This system offers 8.5 percent speed of interest. If you covet to determine the returns you obtain then sukanya samriddhi yojana calculator helps you lot.

What is Sukanya Samriddhi Yojana?

The government has taken dissimilar measures in education as well as financial freedom for the girl child. Sukanya Samriddhi Yojana is one of the Government schemes which aid parents to save for the education and marriage for girl kid from the initial stage. It is a saving system which can be opened in bank and post offices in the form of savings account in the given name of girl baby. 

8.5 percent is an interest rate for this scheme. It is considered one of the highest investment options in fixed income. Thus the below mentioned are eligibilities for opening Sukanya Samriddhi Yojana account:

ü  Only parents or guardians of the girl child can able to open a Sukanya Samriddhi Yojana account in the name of girl baby
ü  The girl with less than 10 years is the best time for opening account. The opening account is outfitted until the girl reaches the age of 21 years.
ü  The initial investment start from Rs.250 to Rs.1, 50,000
ü  The child cannot able to have multiple Sukanya Samriddhi Yojana accounts
ü  A girl can get benefit higher interest rates
ü  Only two accounts are allowed per family that is one for each girl child

How does Sukanya Samriddhi Yojana calculator?

Once you opened Sukanya Samriddhi Yojana account, you can determine your rate of interest with help of a calculator. The calculator helps to decide the charge which will be authorized on maturity. If you want to perform the calculating process in an effective way, at least 1 contribution is must for 14 years girl child.

ü  It is assumed that the person is contributing a similar amount each and every year
ü  No contributions are needed to make
ü  Interests are mainly calculated based on the previous contributions during the period of scheme
ü  It is generated while the final amount is considered

The candidates of Sukanya Samriddhi Yojana account can use the calculator in order to evaluate the maturity amount at the end of the scheme. Moreover it aids to compute how much savings are accrued with the scheme.

ü  After the maturity, enable candidate to evaluate amount
ü  Permits applicants to view the maturity value in a monthly or yearly basis
ü  Eliminate the mistake during the manual calculations
ü  The girl must be live in India in order to open Sukanya Samriddhi Yojana account

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