Bank of Baroda Sukanya Samriddhi Yojana Calculator

How to Use the Bank of Baroda Sukanya Samriddhi Yojana Calculator?

The Bank of Baroda does not provide an SSY calculator. You can use Policybazaar's BOB SSY calculator by following the steps below:

• Step 1: Locate the SSY Calculator on this page above
• Step 2: Enter these details in the calculator:
• Annual deposit amount
• Your daughter’s current age
• Choose the starting year of investment
• Step 3: The calculator applies the latest SSY interest rate and gives the following results:
• Maturity amount and maturity year
• Total investment
• Total interest earned

How Does the BOB Sukanya Samriddhi Yojana Calculator Work?

The Bank of Baroda Sukanya Samriddhi Yojana calculator uses the Compound Interest Formula to estimate the maturity amount:

A = P (1+r/n)^nt

The variables in the formula are defined in the table below:

Investment

Secure

Secure your child’s future with or without you

Start Investing

₹10,000/Month

& Get

₹1 Crore^*

VIEW PLANS

*Standard T & C Apply

BOB Sukanya Samriddhi Yojana Calculator Example Calculations

Here are some examples of the calculations made using the BOB SSY calculator:

Who Can Use the BOB Sukanya Samriddhi Yojana Calculator?

The Bank of Baroda Sukanya Samriddhi Yojana Calculator can be used by:

• Parents or guardians planning for a girl child’s education or marriage
• Financial advisors supporting their clients with SSY investments
• An existing investor in the SSY scheme who wants to adjust their contributions.

Benefits of Using Policybazaar’s BOB Sukanya Samriddhi Yojana Calculator

Below are the benefits of using the BOB SSY calculator by Policybazaar:

• You can change the investment amount and investment year to compare different investment options
• The SSY calculator can be used without any charges and is available online, 24/7
• The calculator provides quick estimates based on the details, which saves your time and effort.

Overview of Sukanya Samriddhi Yojana

The Sukanya Samriddhi Yojana is a small savings scheme under the Beti Bachao Beti Padhao initiative. The scheme was launched in 2015. Here are some key details about the SSY scheme:

• Under the scheme, any girl child below 10 years old can open an account at an authorised bank or post office with the help of her parents or guardians.
• The account can be opened with a minimum annual deposit of ₹250 and a maximum annual deposit of ₹1.5 lakh.
• The scheme provides an interest rate of 8.2% per annum for Quarter 3, 2026-27.
• The deposits in the scheme mature after 21 years from the date of account opening.
• You can get tax deduction benefits on contributions of up to ₹1.5 lakh in a year under Section 80C under the Old Tax Regime; interest earned and maturity proceeds are also tax-free.