Bank of Maharashtra- Sukanya Yojana Calculator

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.

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:

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.

Investment

Secure

Secure your child’s future with or without you

Start Investing

₹10,000/Month

& Get

₹1 Crore^*

VIEW PLANS

*Standard T & C Apply

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.

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.

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.