Sukanya Samriddhi Yojana: How much return will you get on investment of Rs 1000, 2000, 3000 or 5000 per month?
Sukanya Samriddhi Yojana Calculator: By the time your daughter turns 21, a good amount of money will be ready for her. We will tell how much returns will investments of Rs 1000, 2000, 3000 or 5000 give at the time of the maturity of Sukanya Samriddhi Yojana.
Sukanya Samriddhi Yojana Calculator: Any Indian can start investing in Sukanya Samriddhi Yojana for their daughter below 10 years of age. Currently, the scheme is offering 7.6 per cent interest. There is an exemption to invest a minimum of Rs 250 and a maximum of Rs 1.50 lakh annually.
Contribution can be made in the scheme for the daughter for 15 years.
The scheme matures in 21 years.
The earlier you start investing for your daughter, the sooner you will be able to use the maturity amount for her.
If you start right from your daughter's birth, you will get more benefit
If you start investing in Sukanya Samriddhi Yojana soon after the birth of your daughter, by the time your daughter turns 21, a good amount will be ready for her.
Now let us tell you how much returns will you get of investments of Rs 1000, 2000, 3000 or 5000, respectively, till the maturity of the scheme.
How much will you get if you invest Rs 1000?
If you invest Rs 1000 monthly in this scheme, then Rs 12 thousand will be deposited annually.
According to SSY calculator, the total investment in 15 years will be Rs 1,80,000 and Rs 3,29,212 will be received only from interest.
In this way, a total of Rs 5,09,212 will be received on maturity.
How much will you get if you invest Rs 2000?
If you invest Rs 2,000 per month, you will deposit Rs 24,000 annually.
The total investment will be Rs 3,60,000 and the interest income will be Rs 6,58,425.
The total amount on maturity will be Rs 10,18,425.
How much will you get if you invest Rs 3000?
If we look at the calculation based on Rs 3000 per month, Rs 36,000 will be deposited annually.
The total investment will be Rs 5,40,000.
Earning from interest will be Rs 9,87,637.
A total of Rs 15,27,637 will be received on maturity.
How much will you get if you invest Rs 4000?
By investing Rs 4000 in Sukanya Samriddhi Yojana (SSY), Rs 48,000 will be deposited annually.
There will be a total investment of Rs 7,20,000 in 15 years.
Earning from interest will be Rs 13,16,850.
On maturity, a total fund of Rs 20,36,850 will be ready for the daughter.
How much will you get if you invest Rs 5000?
If you invest Rs 5,000 monthly, you will invest Rs 60,000 annually.
In this way, there will be a total investment of Rs 9,00,000 in 15 years.
Rs 16,46,062 will be earned from interest.
On maturity, a fund of Rs 25,46,062 will be ready.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Retirement Planning: In how many years your Rs 25K monthly SIP investment will grow to Rs 8.8 cr | See calculations
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
Top 7 Mid Cap Mutual Funds With up to 41% SIP Returns in 5 Years: No 1 fund has converted Rs 15,000 monthly investment into Rs 23,84,990
SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations
10:57 PM IST