Who can open an Indian Bank- SSY account?

An Indian Bank SSY account can be opened by parents or legal guardians for a girl child who is an Indian resident and under 10 years old.

What is the minimum and maximum deposit for SSY- Indian Bank?

The minimum deposit required to open an SSY account through Indian Bank is â¹250, while the maximum annual deposit limit is â¹1.5 lakh.

What is the current interest rate for the Indian Bank SSY Scheme?

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

How long does the investment period last?

The investment period lasts for 14 years, after which no further contributions are required until the account matures at 21 years.

Can I withdraw money from the Indian Bank SSY account before maturity?

Yes, when the girl child turns 18, she can withdraw up to 50% of the balance for higher education or marriage expenses.

Indian Bank- Sukanya Samriddhi Yojana Calculator

The Indian Bank- Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme aimed at promoting the education and marriage of the girl child in India. The Indian Bank Sukanya Samriddhi Yojana Calculator is a valuable tool that helps parents estimate the maturity amount of their investments in the SSY 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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Get rewarded with Wealth Booster and Loyalty Bonus for staying invested with us

Zero Commission

We charge no commission when you buy from us. Also buy online & get extra

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

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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 Indian Bank- Sukanya Samriddhi Yojana Calculator?

The Indian Bank Sukanya Samriddhi Yojana Calculator is an online tool that enables users to compute the potential returns on their investments in the SSY Scheme. By inserting specific details such as annual investment amounts and the age of the girl child, users can quickly determine:

Total investment over the years
Total interest earned
Maturity value at the end of the investment period

This SSY calculator simplifies financial planning for parents aiming to secure their daughter's future.

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 Sukanya Samriddhi Yojana Calculator- Indian Bank from Policybazaar?

Using the Indian Bank- Sukanya Samriddhi Yojana Calculator from Policybazaar is straightforward. Here is how you can do it:

Visit the Calculator Page: Go to the Policybazaar SSY Calculator- Indian Bank available on this page.
Enter Required Details:
- Annual Investment Amount (Specify how much you plan to invest each year).
- Age of Girl Child (Input the current age of your daughter).
- Investment Start Year (Select when you plan to start investing).
Calculate: You can see the total invested amount, maturity year, interest earned, and total returns from the SSY calculator.

This user-friendly online SSY Calculator provides quick results, making it easy for parents to plan their finances effectively.

Example of Indian Bank- SSY Calculator

Let us consider an example using the SSY calculator:

Annual Investment: ₹1,50,000
Age of Girl Child: 5 years
Investment Start year: 2025

Calculation Results:

Year	Total Investment	Total Interest Earned	Maturity Value
2025	₹22,50,000	₹49,32,101	₹71,82,101

This example illustrates how consistent investments can grow significantly over time due to compounding interest calculation.

Overview of Indian Bank- Sukanya Samriddhi Yojana (SSY)

The Indian Bank- Sukanya Samriddhi Yojana is designed to provide financial security for girl children. Key features include:

Eligibility: Accounts can be opened for girls under 10 years old.
Minimum Deposit: Starting with just ₹250 and a maximum of ₹1.5 lakh per year.
Interest Rate: Currently set at 8.2% annually (as of January 2024).
Maturity Period: The account matures 21 years after opening or when the girl marries after turning 18.

These features make SSY an attractive option for long-term savings.

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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- Indian Bank Calculator in 2025?

The SSY calculator- Indian Bank is best to use for:

Parents or Guardians: Those who wish to invest in their daughter’s future.
Legal Guardians: Individuals who meet eligibility criteria can open accounts on behalf of a girl child.

To use the calculator effectively, users must ensure they meet these conditions and have relevant details ready.

How Can the Indian Bank- Sukanya Samriddhi Yojana Calculator Help You?

The Indian Bank- SSY calculator provides several benefits:

Financial Planning: Helps in budgeting yearly contributions.
Goal Setting: Assists in determining how much to invest to reach desired maturity amounts.
Error Reduction: Minimizes calculation errors compared to manual computations.

By using this tool, parents can make informed decisions regarding their investments.

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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People also read: Government Schemes for Girl Child

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

Using the Indian Bank- Sukanya Samriddhi calculator offers several advantages:

Convenience: Easy access online without needing financial expertise.
Quick Results: Instant calculations save time and effort.
Detailed Projections: Offers insights into total investments and expected returns over time.

These benefits make it an essential tool for parents planning for their daughters' futures.

Conclusion

The Indian Bank Sukanya Samriddhi Yojana Calculator is an invaluable resource for parents looking to save for their daughters' education and marriage. By utilizing this tool, they can effectively plan their finances, ensuring a secure future for their children. With its user-friendly interface and accurate calculations, it empowers families to make informed investment decisions that align with their goals.

FAQs

What is the Indian Bank- Sukanya Samriddhi Yojana?

The Indian Bank Sukanya Samriddhi Yojana (SSY) is a government savings scheme designed to promote the education and marriage of girl children in India.
Who can open an Indian Bank- SSY account?

An Indian Bank SSY account can be opened by parents or legal guardians for a girl child who is an Indian resident and under 10 years old.
What is the minimum and maximum deposit for SSY- Indian Bank?

The minimum deposit required to open an SSY account through Indian Bank is ₹250, while the maximum annual deposit limit is ₹1.5 lakh.
What is the current interest rate for the Indian Bank SSY Scheme?

As of April 2025, the interest rate for the Indian Bank- Sukanya Samriddhi Yojana is 8.2% per annum.
How long does the investment period last?

The investment period lasts for 14 years, after which no further contributions are required until the account matures at 21 years.
Can I withdraw money from the Indian Bank SSY account before maturity?

Yes, when the girl child turns 18, she can withdraw up to 50% of the balance for higher education or marriage expenses.

†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.