Sukanya Samriddhi Calculator 3.1

ABOUT Sukanya Samriddhi Calculator

Best app for Sukanya Samriddhi Yojna in playstore more then 40000 downloads. Please send your suggestions/queries to my emailId to make it better

Interest rate for sukanya samriddhi yojna has been revised from 8.6% to 8.5%

Oct - dec 2016 - 8.5%Jan - Mar 2017 - 8.5%Please make the entry in interest rate section

This app is designed to promote the welfare of Girl Child, their financial security and motivate nation to save the girl child by taking pledge and sharing among others.

Interest rate for quarter 1 FY 2016-2017 added.User can enter interest rates on quarter basis.

Refreshing UIOptions to calculate on basis of quarterly half yearly and bimonthly basis.Notifications for reminding of investmentList of all authorized banks for SSY

For the welfare of Girl Child, special investment scheme is launched to meet the financial requirement like (Marriage & Higher education) of girl child.This scheme provides the maximum benefit as interest rates are higher then other deposit schemes like PPF.Those who are interested in long term investment they can invest in this scheme for there girl child.

For Invested amount tax benefits can be taken under 80C of the IT Act, 1961.

Salient features of SSY Calculator1) Calculation based on Child Date of Birth, Scheme Start Date, Nature Of Deposit, Amount Deposited

Validations on Calculatora) Amount should be in limit i.e Minimum 1000 - 1.5 Lacsb) Child's age should be 10 Years from scheme start date or from 2nd December 2003 if Scheme start date is before 01 December 2015 (Promotional Scheme by GOI).c) Scheme start date should be greater then Child DOBd) Deposited amount should be in multiples of 100

Calculator Result can be seen along with the schedule and chart which can be shared, email and smsProfile create option for SS Yojna having Girl's name , Mode of Deposit and Issuer NameCalculations will be default saved.Goal Planners for calculating the estimated cost of Marriage and Higher education for childamount invested and history in SSYSuggestions for investment in SSY (Fixed Monthly and Fixed Yearly)List of Interest Rate applicable on SSY for FYBeti Bachao Beti PadhaoFAQ on SSYFinally Pledge, most wonderful and motivated option to save the girl child and spread the awareness among the nation.

Some salient features of Sukanya Samriddhi Yojna SchemeObjective: To promote the welfare of Girl Child

Who can open the account: A natural/ legal guardian on behalf of a girl child

Maximum number of accounts: Upto two girl children or three in case of twin girls as second birth or the first birth itself results in three girl children

Minimum and Maximum Amount of Deposit: Min.1000 of initial deposit with multiple of one hundred rupees thereafter with annual ceiling of Rs.150000 in a financial year

Tenure of the Deposit: 21 years from the date of opening of the accountMaximum period upto which deposits can be made: 14 years from the date of opening of the account

Interest on Deposit: As notified by the GOI, compounded annually with option for monthly interest pay-outs to be calculated on balance in completed thousands.( Current rate 9.20%)

Tax Rebate: As applicable under section 80C of the IT Act, 1961.

Premature Closure: Allowed in the event of death of the depositor or in cases of extreme compassionate grounds such as medical support in life threatening diseases to be authorized by an order by the Central Government

Irregular Payment/ Revival of account: By payment of penalty of Rs.50 per year along with the minimum specified amount per year

Mode of Deposit: Cash/Cheque/ Demand Draft

Withdrawal : 50% of the balance lying in the account as at the end of previous financial year for the purpose of higher education, marriage after attaining the age of 18 years.

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