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 2025, 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.

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.

Investing in your child's future:Investment will continue with or without you

Benefits of Investing In Child Plan

Waiver of Premium Benefit

Future Premiums are paid by the insurer upon death of policyholder

Flexible Payout Options

Your premiums help your child achieve their dreams through lump sum or regular payouts

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Get rewarded with Wealth Booster and Loyalty Bonus for staying invested with us

Zero Commission

We charge no commission when you buy from us. Also buy online & get extra

Tax Benefits^

You get tax benefits under Section 80(C) and no tax on returns under Section 10 (10D)

Investment Flexibility

It offers the flexibility to invest at regular intervals or as a one-time contribution

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Disclaimer: #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 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

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 Rate = 8.2%

Yearly Investment

You can invest maximum upto ₹1,50,000

₹

Girl's Age

Maximum age should be 10 years

Yrs

Start Year

Investment term is 21 years

Total Investment

Total Interest

Total Investment

Total Interest

Maturity Year

Maturity Value

Amount you will get

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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:

Find the calculator: Access the IOB SSY Calculator on the current page.
Enter Your Data:
- Input your annual deposit amount.
- Specify your daughter’s current age.
- Select the starting year of the investment.
Pre-Filled Interest Rate: The 2025 SSY interest rate of 8.2% is already entered.
Results: The calculator will show the following results:
- the maturity amount
- total investment
- earned interest.

Illustration of Sukanya Samriddhi Yojana Calculator-Indian Overseas Bank

Here’s an example to illustrate:

Yearly Deposit: ₹1,50,000
Girl’s Age: 8 years
Starting Year: 2025
Interest Rate: 8.2%

The calculator will provide the following outputs:

Total Investment: ₹22,50,000
Total Interest Earned: ₹46,77,578
Maturity Year: 2045
Maturity Value: ₹69,27,578

Overview of Sukanya Samriddhi Yojana

The Sukanya Samriddhi Yojana is part of the Beti Bachao Beti Padhao initiative. Key details include:

Eligibility: Open to a girl child under 10 years of age.
Tenure: 21 years or until marriage after 18 years of age.
Minimum Deposit: ₹250 per year.
Maximum Deposit: ₹1.5 lakh per year.
Interest Rate: 8.2% per annum in 2025 (subject to change).

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Invest ₹10K/Month YOU GET ₹1 Crores^* For Your Child View Plans

Invest ₹8K/Month YOU GET ₹80 Lakhs^* For Your Child View Plans

Invest ₹5K/Month YOU GET ₹50 Lakhs^* For Your Child View Plans

Standard T&C Apply *

Who Can Use the Indian Overseas Bank SSY Calculator in 2025?

This calculator is ideal for:

Parents/Guardians: Planning their daughter’s education or marriage.
Financial Advisors: Assisting clients with SSY investments.
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:

Financial Clarity: Understand how much to save periodically.
Goal Setting: Set realistic financial targets for your daughter’s future.
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:

Ease of Use: Simple and user-friendly interface.
Real-Time Results: Instant calculations based on provided data.
Customisation: Adjust deposit amounts and other parameters for tailored results.
Accuracy: Reliable estimations for better financial planning.
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

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 2025, 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.

˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India 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.