What is the current interest rate for the Central Bank of India- SSY Scheme?

As of 2025, the interest rate for the Central Bank of India- Sukanya Samriddhi Yojana is 8.2% per annum.

Who can open a Central Bank of India- SSY account?

A Central Bank of India- SSY account can be opened by the legal guardian of a girl child who is under the age of 10 years.

What are the minimum and maximum contributions allowed?

The minimum annual contribution to a Central Bank of India- SSY account is â¹250, while the maximum contribution is â¹1.5 lakh per financial year.

How long do I need to contribute to the Central Bank of India- SSY account?

You must contribute for a period of 15 years from the date of opening the Central Bank of India- SSY Account, after which no further contributions are required until maturity at 21 years.

How does the Central Bank of India SSY Calculator work?

The SSY calculator- Central Bank of India estimates the maturity amount based on inputs like annual investment, age of the girl child, and starting year of investment using a compound interest formula.

Can I withdraw money from the Central Bank of India- SSY account before maturity?

Partial withdrawals are allowed after the girl child turns 18 or completes her 10th grade, but only for educational purposes.

Sukanya Samriddhi Yojana- Central Bank of India Calculator

The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme which is also available through the Central Bank of India. It aims to promote the welfare of the girl child in India. Policybazaar offers a dedicated Sukanya Samriddhi Yojana- Central Bank of India Calculator to help parents estimate the maturity amount and returns from their investments in this 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

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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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7.7 Crore

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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 Sukanya Samriddhi Yojana- Central Bank of India Calculator?

The Central Bank of India- Sukanya Samriddhi Yojana Calculator is a tool that allows users to calculate the expected maturity amount based on their annual contributions, the age of their daughter, and the interest rate. This calculator simplifies the process of financial planning for parents by providing quick and accurate estimates of potential returns.

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- Central Bank of India from Policybazaar?

Using the SSY-Central Bank of India Calculator from Policybazaar is straightforward:

Enter Investment Amount: Input the amount you plan to invest annually.
Age of Girl Child: Specify your daughter's current age.
Investment Starting Year: Indicate when you plan to start investing.
Calculate: You can see the following results in the SSY calculator:
- Total invested amount
- Maturity year
- Total interest earned
- Total maturity amount

Example of Central Bank of India- SSY Calculator

To illustrate how the SSY calculator works, consider this example:

Start Year	Age of Daughter	Annual Contribution	Total Investment	Maturity Year	Total Amount at Maturity	Total Interest
2024	1	₹1,50,000	₹22,50,000	2045	₹69,27,578	₹46,77,578
2024	5	₹1,00,000	₹15,00,000	2045	₹46,18,385	₹31,18,385
2024	10	₹50,000	₹7,50,000	2045	₹50,00,000	₹23,09,193

This table shows projected growth based on consistent annual contributions over time.

Overview of Central Bank of India- Sukanya Samriddhi Yojana (SSY)

The Sukanya Samriddhi Yojana-Central Bank of India is designed specifically for the financial security of girl children in India. Here are its main features:

Eligibility: Accounts can be opened by legal guardians for girls under 10 years old.
Account Limitations: One account per girl child, with a maximum of two accounts per family (three in case of twins or triplets).
Withdrawal Rules: Partial withdrawals are allowed after the girl turns 18 or completes her 10th grade.
Interest Rate: Currently set at 8.2% per annum for the financial year 2024-2025.
Minimum Contribution: ₹250 per year.
Maximum Contribution: Up to ₹1.5 lakh per year.
Maturity Period: 21 years from account opening.

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

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

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Who Can Use the Sukanya Samriddhi Yojana- Central Bank of India Calculator in 2025?

The Central Bank of India - SSY calculator can be used by:

Parents or guardians planning to invest in their daughter's future.
Individuals seeking to understand potential returns from their investments in SSY.
Anyone interested in financial planning for educational or marriage expenses related to a girl child.

How Can the Central Bank of India- Sukanya Samriddhi Yojana Calculator Help You?

The SSY calculator- Central Bank of India provides several benefits:

Accurate Projections: It uses compound interest formulas to provide reliable estimates.
Financial Planning Tool: Helps in setting realistic savings goals based on expected maturity amounts.
User-Friendly Interface: Simple inputs yield quick results without complex 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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What are the Benefits of Using a Sukanya Samriddhi Yojana Calculator- Central Bank of India by Policybazaar?

Using the Central Bank of India- SSY calculator from Policybazaar offers multiple advantages:

Time-Saving: Quickly calculates potential returns without manual effort.
Error Reduction: Minimizes calculation errors that can occur during manual computations.
Financial Clarity: Provides clear insights into how much you need to save annually to meet your goals.

Conclusion

The Sukanya Samriddhi Yojana- Central Bank of India is a valuable investment tool for parents aiming to secure their daughters' futures. The Policybazaar’s Central Bank of India- SSY Calculator simplifies this process by providing accurate estimates and facilitating effective financial planning. By understanding how this scheme works and utilizing available tools, parents can ensure they are making informed decisions for their children's education and marriage needs.

FAQs

What is the Central Bank of India- Sukanya Samriddhi Yojana (SSY)?

The Central Bank of India- Sukanya Samriddhi Yojana is a government savings scheme launched in 2015 to promote the welfare of the girl child in India, helping parents save for their daughter's education and marriage.
What is the current interest rate for the Central Bank of India- SSY Scheme?

As of 2025, the interest rate for the Central Bank of India- Sukanya Samriddhi Yojana is 8.2% per annum.
Who can open a Central Bank of India- SSY account?

A Central Bank of India- SSY account can be opened by the legal guardian of a girl child who is under the age of 10 years.
What are the minimum and maximum contributions allowed?

The minimum annual contribution to a Central Bank of India- SSY account is ₹250, while the maximum contribution is ₹1.5 lakh per financial year.
How long do I need to contribute to the Central Bank of India- SSY account?

You must contribute for a period of 15 years from the date of opening the Central Bank of India- SSY Account, after which no further contributions are required until maturity at 21 years.
How does the Central Bank of India SSY Calculator work?

The SSY calculator- Central Bank of India estimates the maturity amount based on inputs like annual investment, age of the girl child, and starting year of investment using a compound interest formula.
Can I withdraw money from the Central Bank of India- SSY account before maturity?

Partial withdrawals are allowed after the girl child turns 18 or completes her 10th grade, but only for educational purposes.

†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.