Sukanya Samriddhi Yojana Calculator Bank of India

What is the Bank of India- Sukanya Samriddhi Yojana Calculator?

The Bank of India (BOI) Sukanya Samriddhi Yojana Calculator is an online tool designed to help account holders and potential investors calculate the maturity amount of their SSY investments. This calculator simplifies the process of estimating returns based on different investment scenarios, making it easier for parents to understand how much they need to save to achieve their financial goals for their daughters.

How to Use Bank of India- Sukanya Samriddhi Yojana Calculator from Policybazaar?

To use the Bank of India Sukanya Samriddhi Yojana Calculator from Policybazaar, follow these steps:

• Visit Policybazaar's Website: Go to the BOI SSY Calculator on this page.

• Insert Your Data:

  • Enter your yearly deposit amount.

  • Specify the girl’s current age.

  • Select your starting year.

  • The SSY interest rate is pre-filled at 8.2% in 2025.

• Calculate: The SSY Calculator will automatically show your total investment, total interest earned, maturity year, and estimated maturity amount.

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Illustration of Sukanya Samriddhi Yojana Calculator- Bank of India

Let us say you want to calculate the maturity amount based on these parameters:

• Yearly Deposit: ₹1,50,000

• Girl’s Age: 6 years

• Starting Year of Investment: 2025

• Interest Rate: 8.2%

Based on these inputs, the BOI SSY Calculator by Policybazaar will show you the following results:

• Total Investment: ₹22,50,000

• Total Interest Earned: ₹49,32,101

• Maturity Year: 2045

• Maturity Value: ₹71,82,101

Overview of Sukanya Samriddhi Yojana (SSY)

The Sukanya Samriddhi Yojana was launched as part of the Beti Bachao Beti Padhao campaign. Here are some key features:

• Eligibility: The account can be opened for a girl child up to the age of 10 years.

• Tenure: The account matures after 21 years from the date of opening or upon marriage after the age of 18.

• Maximum Deposit: ₹250 per year.

• Maximum Deposit: ₹1.5 lakh per year.

• Interest Rate: The interest rate is set by the government and is currently 8.2% per annum (subject to change).

Who Can Use the SSY Calculator- Bank of India in 2025?

The BOI Sukanya Samriddhi Yojana Calculator is accessible to:

• Parents and Guardians: Those looking to invest in the SSY for their daughters.

• Financial Planners: Professionals assisting clients in planning for children's education and marriage.

• Individuals Seeking Information: Anyone interested in understanding potential returns from the SSY scheme.

How Can the SSY Calculator for Bank of India Help You? 

The BOI SSY Calculator can assist users in several ways:

• Financial Planning: Helps determine how much to save monthly or annually to reach specific financial goals.

• Investment Comparison: Users can compare different investment scenarios and interest rates.

• Goal Setting: Aids in setting realistic savings targets based on expected returns.

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What are the Benefits of Using a BOI SSY Calculator by Policybazaar?

• User-Friendly Interface: Easy to navigate, allowing users to input data without hassle.

• Real-Time Calculation: Provides instant results based on the entered parameters.

• Customizable Inputs: Users can adjust variables such as initial deposit, monthly contributions, and tenure.

• Accuracy: Ensures precise calculations based on real-time data.

• Convenience: Available online, making it easy for anyone to access and use.

• Enhanced Planning: Facilitates better financial planning by providing insights into potential returns.

Conclusion

Using the Sukanya Samriddhi Yojana Calculator- Bank of India is straightforward and provides valuable insights into your savings plan for your daughter's future. By adjusting different parameters, parents can visualize how their investments can grow over time and make informed decisions about their financial planning.