Sukanya Samriddhi Yojana Calculator - Union Bank

What is Sukanya Samriddhi Yojana Calculator - Union Bank?

The Union Bank SSY Calculator is an online tool that allows you to calculate the maturity amount of your SSY investment. By inputting key details like annual deposit, your daughter's age, and the starting year of the investment, you can get an estimate of the total amount you'll receive at maturity.

How to Use Sukanya Samriddhi Yojana Calculator - Union Bank From Policybazaar?

• Visit Policybazaar's Website: Access the Union Bank SSY Calculator given on the page above.

• Enter Your Data:

  • Input your desired annual deposit amount.

  • Specify your daughter's current age.

  • Select the starting year of the investment.

• Pre-Filled Interest Rate: The current SSY interest rate will be pre-filled.

• Calculate: Click on the 'Calculate' button to get the following results:

  • Maturity amount

  • Total investment

  • Earned interest

Investment

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Illustration of Sukanya Samriddhi Yojana Calculator - Union Bank

Let's consider an example:

• Yearly Deposit: ₹1,50,000

• Girl's Age: 8 years

• Starting Year: 2025

• Interest Rate: 8.2% (current rate)

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

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Overview of Sukanya Samriddhi Yojana

• 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).

Who Can Use the SSY Calculator - Union Bank in 2025?

Union Bank SSY calculator can be a useful tool for:

• Parents/Guardians: Planning for their daughter’s future expenses.

• Financial Advisors: Assisting clients with SSY investment planning.

• General Users: Exploring SSY benefits and returns.

How Can SSY Calculator - Union Bank Help You?

• 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.

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

• Ease of Use: Simple and user-friendly interface.

• Real-Time Results: Instant calculations based on provided data.

• Customization: Adjust deposit amounts and other parameters for tailored results.

• Accuracy: Reliable estimations for better financial planning.

• Convenience: Accessible online, anytime, anywhere.

Conclusion

The Union Bank SSY Calculator is a valuable tool for parents and investors to plan for their daughter's future. By using this calculator, you can make informed decisions and ensure a secure financial future for your child.