Sukanya Samriddhi Yojana Calculator - Indian Overseas Bank

What is Sukanya Samriddhi Yojana Calculator-Indian Overseas Bank?

The Indian Overseas Bank Sukanya Samriddhi Yojana Calculator is an online tool that helps investors calculate the maturity amount of their SSY investments. With this calculator, users can determine how much they need to save annually or monthly to achieve their financial goals for their daughters, making financial planning easier and more accurate.

How to Use Sukanya Samriddhi Yojana Calculator-Indian Overseas Bank From Policybazaar?

To use the Indian Overseas Bank SSY Calculator via Policybazaar, follow these steps:

• Find the calculator: Access the IOB SSY Calculator on the current page.

• Enter Your Data:

  • Input your annual deposit amount.

  • Specify your daughter’s current age.

  • Select the starting year of the investment.

• Pre-Filled Interest Rate: The 2025 SSY interest rate of 8.2% is already entered.

• Results: The calculator will show the following results: 

  • the maturity amount

  • total investment

  • earned interest.

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Illustration of Sukanya Samriddhi Yojana Calculator-Indian Overseas Bank

Here’s an example to illustrate:

• Yearly Deposit: ₹1,50,000

• Girl’s Age: 8 years

• Starting Year: 2025

• Interest Rate: 8.2%

The calculator will provide the following outputs:

• Total Investment: ₹22,50,000

• Total Interest Earned: ₹46,77,578

• Maturity Year: 2045

• Maturity Value: ₹69,27,578

Overview of Sukanya Samriddhi Yojana 

The Sukanya Samriddhi Yojana is part of the Beti Bachao Beti Padhao initiative. Key details include:

• Eligibility: Open to a girl child under 10 years of age.

• Tenure: 21 years or until marriage after 18 years of age.

• Minimum Deposit: ₹250 per year.

• Maximum Deposit: ₹1.5 lakh per year.

• Interest Rate: 8.2% per annum in 2025 (subject to change).

Who Can Use the Indian Overseas Bank SSY Calculator in 2025?

This calculator is ideal for:

• Parents/Guardians: Planning their daughter’s education or marriage.

• Financial Advisors: Assisting clients with SSY investments.

• General Users: Exploring the benefits and returns of the SSY scheme.

How Can SSY Calculator-Indian Overseas Bank Help You? 

The IOB SSY Calculator provides:

• Financial Clarity: Understand how much to save periodically.

• Goal Setting: Set realistic financial targets for your daughter’s future.

• Scenario Analysis: Compare multiple savings plans to choose the best option.

How Does Sukanya Indian Overseas Bank Samriddhi Yojana Calculator Work?

What are the Benefits of Using an IOB SSY Calculator by Policybazaar?

Below are the benefits of using an IOB SSY calculator by Policybazaar: 

• Ease of Use: Simple and user-friendly interface.

• Real-Time Results: Instant calculations based on provided data.

• Customisation: Adjust deposit amounts and other parameters for tailored results.

• Accuracy: Reliable estimations for better financial planning.

• Convenience: Accessible online, anytime, anywhere.

Conclusion 

The Sukanya Samriddhi Yojana Calculator-Indian Overseas Bank is a reliable tool to estimate and plan your investments for your daughter's future. By adjusting different variables, parents can make informed decisions and achieve their financial goals effectively. Use this calculator to ensure a secure and bright future for your child.