Bank of Maharashtra- Sukanya Yojana Calculator

The Sukanya Samriddhi Yojana (SSY) is a government-backed savings plan that aims to promote the welfare of girl children by encouraging parents to save for their education and marriage. The Bank of Maharashtra - Sukanya Yojana Calculator is a helpful tool that allows parents to estimate the maturity amount based on their contributions to the scheme.

Investing in your child's future:A wise decision & a loving choice

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

Wealth Boosters

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

Zero Commission

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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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Nothing Is More Important Than Securing Your Child's Future

Invest ₹10k/month your child will get ₹1 Cr^# Tax-Free* on Maturity

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We are rated^~

7.7 Crore

Registered Consumer

Insurance Partners

4.2 Crore

Policies Sold

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 the Bank of Maharashtra- Sukanya Yojana Calculator?

The Bank of Maharashtra - Sukanya Yojana Calculator is an online tool designed to help users calculate the potential returns on their investments in the Sukanya Samriddhi Yojana. By inputting specific details such as the annual deposit amount and the age of the girl child, users can receive an estimate of the maturity amount, total interest earned, and other relevant financial details.

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

Explore Tax Saving Funds

How to Use Bank of Maharashtra- Sukanya Samriddhi Yojana Calculator from Policybazaar?

Using the Bank of Maharashtra - Sukanya Samriddhi Yojana (SSY) Calculator on Policybazaar is straightforward and can help you estimate how much money you will have when the investment matures. Here is a simple guide to get you started:

Access the Calculator: Go to the Sukanya Samriddhi Yojana Calculator available on this page.

Enter Your Information:
- Yearly Investment Amount: Input how much money you plan to invest each year.
- Girl Child’s Age: Specify the current age of your daughter.
- Starting Year: Choose the year when you intend to start investing.
Interest Rate: The calculator automatically fills in the current interest rate, which is 8.2% for 2025.
Calculate: The calculator will show you the following details:
- Total Investment
- Maturity Year
- Total Interest
- Total Maturity Amount

Example of Sukanya Samriddhi Yojana Calculator- Bank of Maharashtra

To illustrate how this works, let us say you want to calculate the maturity amount with these details:

Yearly Deposit: ₹1,00,000
Girl’s Age: 5 years
Starting Year of Investment: 2025
Interest Rate: 8.2%

Based on these inputs, the Bank of Maharashtra Sukanya Samriddhi Yojana Calculator by Policybazaar will show you the following results:

Detail	Amount
Total Investment	₹15,00,000
Total Interest Earned	₹32,88,057
Maturity Year	2045
Maturity Value	₹47,88,057

Overview of Bank of Maharashtra- Sukanya Samriddhi Yojana (SSY)

The Sukanya Samriddhi Yojana through the Bank of Maharashtra, is designed specifically for the benefit of girl children. It offers attractive interest rates and tax benefits under Section 80C of the Income Tax Act. Parents can open an SSY account with authorized banks or India Post branches. The scheme requires a minimum annual deposit and continues until the girl child reaches 21 years or gets married after turning 18.

Who Can Use the SSY Calculator- Bank of Maharashtra in 2025?

The Bank of Maharashtra- SSY calculator can be used by:

Parents or legal guardians of girl children.
Individuals looking to plan for their daughter’s education or marriage expenses.
Anyone interested in understanding how much they can earn through this investment scheme.

Invest More Get More

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 *

How Can the Bank of Maharashtra- SSY Calculator Help You?

The SSY calculator for Bank of Maharashtra helps users by:

Providing accurate estimates for future savings.
Allowing adjustments in contributions based on desired maturity amounts.
Simplifying complex calculations related to compound interest.

What are the Benefits of Using a Bank of Maharashtra Sukanya Samriddhi Yojana Calculator by Policybazaar?

Using the SSY calculator- Bank of Maharashtra offers several benefits:

Easy Calculation: Provides quick and accurate results without manual calculations.
Goal-Oriented Planning: Helps parents set realistic savings goals for their daughters' futures.
Error-Free Output: Reduces chances of errors associated with manual calculations.

Unique Triple Benefit

Future premiums paid by insurer on parent's death

Monthly income to fund child's education on parent's death

Lumpsum payout to family on parent's death

Returns

Return as of Apr 2024
12%-15%
8.2%
7.1%

Availability

Availability
Girl Child or Boy Child
Girl child only
Girl Child or Boy Child

Max Entry Age
Upto 18 years
Upto 10 years
No Age Limit

Flexibility

Invested Amount can be Withdrawn after
5 years
21 years
15 years

Conditions for Premature closure
Anytime after 5years
Extreme Compassionate Grounds
Serious Ailments or for education

Penalty on Premature Closure
No Penalty after 5 years
Returns reduced to Post Office Savings rate
1% reduction in interest rate

Max deposit amount in an year
No Limit
1.5 Lacs
1.5 Lacs

Documentation

Documentation Required for Withdrawal
Low
High
Low

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Conclusion

The Bank of Maharashtra - Sukanya Yojana Calculator by Policybazaar is an essential tool for parents planning for their daughters' financial futures. By providing valuable insights into potential returns on investments, it enables families to make informed decisions about saving for education and marriage expenses. Utilizing this calculator can help ensure that parents are well-prepared to support their daughters as they grow into adulthood.

FAQs

What is the Bank of Maharashtra- Sukanya Yojana Calculator?

The Sukanya Yojana Calculator for the Bank of Maharashtra is an online tool that helps you estimate the maturity amount and interest earned on your investments in the Sukanya Samriddhi Yojana.
How do I use the Bank of Maharashtra SSY calculator?

To use the SSY calculator- Bank of Maharashtra, enter your yearly deposit amount, the age of your daughter, and the starting year of your investment. Then click "Calculate" to see your results.
What information do I need to provide?

You need to provide the amount you plan to invest each year, your daughter's current age, and the year you want to start investing.
What is the current interest rate for the Bank of Maharashtra- Sukanya Samriddhi Yojana?

As of 2025, the interest rate for the Sukanya Samriddhi Yojana through the Bank of Maharashtra is 8.2% per annum.
What is the minimum and maximum investment allowed?

The minimum annual deposit is ₹250, while the maximum amount you can invest in a financial year is ₹1.5 lakh.
How long do I need to invest in this scheme?

You need to make contributions for a minimum of 15 years, and the account matures when your daughter turns 21 years old.
Can I open more than one account under this scheme?

Yes, you can open two Sukanya Samriddhi Yojana accounts if you have two daughters, both under the age of 10.

†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. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). 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.
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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.