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Sukanya Samriddhi Yojana Calculator - Indian Overseas Bank
The Sukanya Samriddhi Yojana (SSY), a government-backed savings scheme, empowers parents to secure their daughters' future through education and marriage planning. The Sukanya Samriddhi Yojana Calculator-Indian Overseas Bank simplifies this by helping users estimate their potential returns.
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Invest ₹10k/month your child will get ₹1 Cr# Tax-Free*
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Life Insurance
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Child Plans
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Sukanya Samriddhi Yojana (SSY)
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Indian Overseas Bank
- Sukanya Samriddhi Yojana Calculator - Indian Overseas Bank
What is Sukanya Samriddhi Yojana Calculator-Indian Overseas Bank?
The Indian Overseas Bank Sukanya Samriddhi Yojana Calculator is an online tool that helps investors calculate the maturity amount of their SSY investments. With this calculator, users can determine how much they need to save annually or monthly to achieve their financial goals for their daughters, making financial planning easier and more accurate.
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-Indian Overseas Bank From Policybazaar?
To use the Indian Overseas Bank SSY Calculator via Policybazaar, follow these steps:
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Find the calculator: Access the IOB SSY Calculator on the current page.
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Enter Your Data:
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Input your annual deposit amount.
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Specify your daughter’s current age.
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Select the starting year of the investment.
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Pre-Filled Interest Rate: The 2026 SSY interest rate of 8.2% is already entered.
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Results: The calculator will show the following results:
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the maturity amount
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total investment
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earned interest.
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People also read: Child Education Plan
Illustration of Sukanya Samriddhi Yojana Calculator-Indian Overseas Bank
Here’s an example to illustrate:
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Yearly Deposit: ₹1,50,000
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Girl’s Age: 8 years
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Starting Year: 2026
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Interest Rate: 8.2%
The calculator will provide the following outputs:
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Total Investment: ₹22,50,000
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Total Interest Earned: ₹46,77,578
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Maturity Year: 2045
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Maturity Value: ₹69,27,578
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 Samriddhi 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
Canara Bank- Sukanya Samriddhi Yojana 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
Expand
Overview of Sukanya Samriddhi Yojana
The Sukanya Samriddhi Yojana is part of the Beti Bachao Beti Padhao initiative. Key details include:
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Eligibility: Open to a girl child under 10 years of age.
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Tenure: 21 years or until marriage after 18 years of age.
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Minimum Deposit: ₹250 per year.
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Maximum Deposit: ₹1.5 lakh per year.
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Interest Rate: 8.2% per annum in 2026 (subject to change).
Invest More Get More
Invest ₹10K/Month YOU GET ₹1 Crores* For Your Child
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 Indian Overseas Bank SSY Calculator in 2026?
This calculator is ideal for:
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Parents/Guardians: Planning their daughter’s education or marriage.
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Financial Advisors: Assisting clients with SSY investments.
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General Users: Exploring the benefits and returns of the SSY scheme.
How Can SSY Calculator-Indian Overseas Bank Help You?
The IOB SSY Calculator provides:
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Financial Clarity: Understand how much to save periodically.
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Goal Setting: Set realistic financial targets for your daughter’s future.
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Scenario Analysis: Compare multiple savings plans to choose the best option.
How Does Sukanya Indian Overseas Bank Samriddhi Yojana Calculator Work?
What are the Benefits of Using an IOB SSY Calculator by Policybazaar?
Below are the benefits of using an IOB SSY calculator by Policybazaar:
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Ease of Use: Simple and user-friendly interface.
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Real-Time Results: Instant calculations based on provided data.
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Customisation: Adjust deposit amounts and other parameters for tailored results.
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Accuracy: Reliable estimations for better financial planning.
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Convenience: Accessible online, anytime, anywhere.
Conclusion
The Sukanya Samriddhi Yojana Calculator-Indian Overseas Bank is a reliable tool to estimate and plan your investments for your daughter's future. By adjusting different variables, parents can make informed decisions and achieve their financial goals effectively. Use this calculator to ensure a secure and bright future for your child.
FAQs
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Is the IOB SSY Calculator free to use?
Yes, the calculator is free and accessible online for all users. -
Can I customise the deposit amount in the Sukanya Samriddhi Yojana Calculator?
Yes, you can adjust the deposit amount to see how different contributions impact the maturity value. -
What is the current interest rate considered in the IOB SSY Calculator?
The current interest rate is 8.2% per annum for the financial year 2026, as set by the government. -
Does the SSY Calculator consider tax benefits?
No, the calculator focuses on maturity and interest calculations. However, contributions to the SSY scheme are eligible for tax deductions under Section 80C of the Income Tax Act. -
Can I use the IOB SSY Calculator for partial withdrawals?
The calculator estimates maturity amounts; it does not factor in partial withdrawals. You can calculate partial amounts manually based on scheme rules.
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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.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^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.