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Canara Bank- Sukanya Samriddhi Yojana Calculator
The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme designed to promote the welfare of the girl child in India. Launched as part of the "Beti Bachao, Beti Padhao" campaign, this initiative allows parents or legal guardians to save for their daughter's future education and marriage. The Canara Bank - Sukanya Samriddhi Yojana Calculator is a useful tool that helps users estimate the maturity amount based on their investment.
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Canara Bank Sukanya Samriddhi Yojana
- Canara Bank- Sukanya Samriddhi Yojana Calculator
What is the Canara Bank- Sukanya Samriddhi Yojana Calculator?
The Canara Bank - Sukanya Samriddhi Yojana Calculator is an online tool that allows users to calculate the expected returns from their investments in the SSY account. By entering specific details such as the annual investment amount, the age of the girl child, and the investment start year, users can easily determine:
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Total investment over time
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Interest earned
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Maturity amount upon completion of the investment term
This SSY calculator simplifies financial planning for parents aiming to secure their daughter's future.
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
How to Use Sukanya Samriddhi Yojana Calculator- Canara Bank from Policybazaar?
Using the SSY calculator from Policybazaar is straightforward. Here is how you can use it:
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Visit the Calculator Page: Go to the Canara Bank SSY Calculator available on this page.
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Input Required Details:
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Enter the annual investment amount (minimum ₹250).
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Specify the age of your girl child.
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Select the starting year for your investment.
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View Results: The calculator will display:
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Total Invested Amount
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Maturity Year
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Total Maturity Amount
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Total Interest Earned
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This user-friendly interface ensures that even those unfamiliar with financial calculations can easily navigate it.
People also read: Child Education Plan
Example of Canara Bank- SSY Calculator
To illustrate how the Canara Bank- SSY calculator by Policybazaar works, consider this example:
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Annual Investment: ₹50,000
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Age of Girl Child: 5 years
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Investment Start Year: 2026
Using these inputs, the calculator might show:
| Parameter | Value |
| Total Investment | ₹7,50,000 |
| Total Interest Earned | ₹16,44,020 |
| Maturity Amount | ₹23,94,020 |
| Maturity Year | 2045 |
This example helps parents visualize how their investments grow over time.
Overview of Canara Bank- Sukanya Samriddhi Yojana (SSY)
The Sukanya Samriddhi Yojana through Canara Bank offers several key features:
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Interest Rate: Currently at 8.2% per annum.
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Deposit Range: Minimum deposit of ₹250 and a maximum of ₹1.5 lakh per year.
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Tenure: The account matures after 21 years or when the girl turns 18.
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Tax Benefits: Contributions qualify for tax deductions under Section 80C of the Income Tax Act.
The SSY scheme not only encourages savings but also provides significant financial security for a girl child's future.
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Invest ₹8K/Month YOU GET ₹80 Lakhs* For Your Child
Invest ₹5K/Month YOU GET ₹50 Lakhs* For Your Child
Standard T&C Apply *
Who Can Use the Canara Bank- Sukanya Yojana Calculator in 2026?
The Canara Bank Sukanya Yojana calculator is available for any legal guardian or parent who meets these criteria:
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The girl child must be an Indian resident.
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The account must be opened before she turns 10 years old.
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Only one account can be opened per girl child.
This ensures that families can effectively plan for their daughters' futures.
How Can Canara Bank- SSY Calculator Help You?
The Canara Bank- SSY calculator aids in the following:
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Financial Planning: Helps parents set realistic savings goals.
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Investment Adjustments: Allows users to modify annual contributions based on desired maturity amounts.
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Error Reduction: Minimizes calculation errors that can occur with manual computations.
By providing clear insights into potential returns, it empowers families to make informed decisions.
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
Bank of Maharashtra Sukanya Samriddhi Yojana
Andhra Bank Sukanya Samriddhi Account
UCO Bank Sukanya Samriddhi Yojana
Expand
Indian Bank- Sukanya Samriddhi Yojana Calculator
Sukanya Samriddhi Yojana- Central Bank of India 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
What are the Benefits of Using a Canara Bank- SSY Calculator by Policybazaar?
Using the Canara Bank- Sukanya Samriddhi Scheme calculator from Policybazaar offers several advantages:
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User-Friendly Interface: Easy navigation and quick results.
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Instant Calculations: Provides immediate feedback on potential returns.
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Comprehensive Financial Planning Tool: Helps in strategizing investments effectively.
These benefits make it an essential resource for parents planning for their daughters' futures.
Conclusion
The Canara Bank - Sukanya Samriddhi Yojana Calculator is an invaluable tool for parents looking to secure their daughters' futures through smart savings and investments. By understanding how to use this calculator effectively, families can make informed decisions that align with their financial goals while taking advantage of government initiatives aimed at empowering girls in India.
FAQs
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What is the Canara Bank - Sukanya Samriddhi Yojana Calculator?
The Canara Bank - Sukanya Samriddhi Yojana Calculator is an online tool that helps parents estimate the maturity amount of their investments in the Sukanya Samriddhi Yojana (SSY) based on inputs like annual contributions and the age of the girl child. -
How do I use the Canara Bank- SSY Calculator?
To use the SSY Calculator, enter the annual investment amount, the age of your girl child, and the year you plan to start investing. The calculator will then show you the total maturity amount and interest earned. -
What is the minimum and maximum investment for the Canara Bank- SSY Scheme?
The minimum annual investment in an SSY account is ₹250, while the maximum is ₹1.5 lakh. Investments can be made in multiples of ₹50. -
What is the interest rate for Sukanya Samriddhi Yojana- Canara Bank?
As of 2026, the interest rate for the Sukanya Samriddhi Yojana is 8.2% per annum, which is compounded annually. -
Who can open a Canara Bank- Sukanya Samriddhi account?
A Canara Bank- Sukanya Samriddhi account can be opened by parents or legal guardians of a girl child who is below 10 years of age. Only one account can be opened per girl child. -
What happens if I miss a yearly contribution?
If you fail to make a minimum contribution each year, your account may be considered inactive, and you will need to pay a penalty of ₹50 to reactivate it.
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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.
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^^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.