Sukanya Samruddhi Account


Sukanya Samriddhi Calculator
Year	Age of Girl Child	Opening Balance	Monthly Contribution	Yearly Contribution	Intrest Rate @9.1%	Closing Balance
2015	1	-	1000	12,000	592	12,592
2016	2	12,592	1000	12,000	1,737	26,329
2017	3	26,329	1000	12,000	2,987	41,316
2018	4	41,316	1000	12,000	4,351	57,668
2019	5	57,668	1000	12,000	5,839	75,507
2020	6	75,507	1000	12,000	7,463	94,969
2021	7	94,969	1000	12,000	9,234	116,203
2022	8	116,203	1000	12,000	11,166	139,369
2023	9	139,369	1000	12,000	13,274	164,643
2024	10	164,643	1000	12,000	15,574	192,217
2025	11	192,217	1000	12,000	18,083	222,300
2026	12	222,300	1000	12,000	20,821	255,121
2027	13	255,121	1000	12,000	23,808	290,929
2028	14	290,929	1000	12,000	27,066	329,995
2029	15	329,995	-	-	30,030	360,024
2030	16	360,024	-	-	32,762	392,787
2031	17	392,787	-	-	35,744	428,530
2032	18	428,530	-	-	38,996	467,526
2033	19	467,526	-	-	42,545	510,071
2034	20	510,071	-	-	46,416	556,488
2035	21	556,488	-	-	50,640	607,128

Maturity Value :
Amount of Deposit : 14 Years x 12 Months x Rs. 1000 = 1,68,000 + Interest= 4,39,128 = 6,07,128 ( Approximately

Example : Model Calculations:

(For Financial Year )

SSA - Rate of Interest = 9.1% pa ie 9.1 /100

Interest Bearing Balance (IBB) = minimum Balance in every month from 10^th to end of the month

Annual Interest =	IBB x Interest Rate	Amount should be rounded into nearest rupee
	No. of Months x 100

Annual Interest =	78000 x 9.1	= 591.50 rounded into Rs. 592 /-
	12 x 100

Example

Prepared by SAPOST

ALL INDIA SAVINGS BANK CONTROL EMPLOYEES UNION, KERALA CIRCLE