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.

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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 rates: 8.20%
You can invest a maximum amount up to ₹1,50,000
Yearly ₹
  • ₹250
  • ₹1,50,000
Govt. allows maximum age of enrollment to 10 years
Years
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
Investment term is 21 years
Year
Total investment
₹1.5 Lakh
Total interest
₹3.3 Lakh
Maturity year
2047
Maturity value
₹4.8 Lakh
Explore Tax Saving Funds
*for market linked plans only

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

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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
2026 1 ₹1,50,000 ₹22,50,000 2045 ₹69,27,578 ₹46,77,578
2026 5 ₹1,00,000 ₹15,00,000 2045 ₹46,18,385 ₹31,18,385
2026 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 2025-2026.

  • 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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Who Can Use the Sukanya Samriddhi Yojana- Central Bank of India Calculator in 2026?

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.

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.

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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 2026, 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.

˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI 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.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^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.

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