Sukanya Samriddhi Yojana Calculator in Excel is tool that calculate total investment, interest earned, and maturity amount in very easy steps. Our this excel sheet will let you calcuation of your investment amount and return on investment in just one click.
Click here to download Sukanya Samriddhi Yojana Calculator in Excel
Table of Contents
What is Sukanya Samriddhi Yojana Calculator in Excel
let firs know what is Sukanya Samriddhi Yojana ? SSY is a savings plan designed for the financial security and future education or marriage expenses of a girl child.
The scheme offers:
- Currently 8.2% per annum (subject to change).
- Under Section 80C of the Income Tax Act there is tax benefits.
- Deposits can be made for 15 years, and maturity is after 21 years.
Here is our Sukanya Samriddhi Yojana Calculator in Excel that will calculate the maturity amount in given time.
Let’s assume you deposit ₹50,000 per year for 15 years at an interest rate of 8.2%.
The estimated maturity amount after 21 years will be around ₹30+ lakh, depending on interest rate change
Also Check:- Sukanya Samriddhi Yojana Calculator
How to download Sukanya Samriddhi Yojana Calculator Excel Sheet
To download SSY Calculator, the Excel sheet link is given below:-
| Feature | Details |
|---|---|
| File Name | Sukanya Samriddhi Yojana Calculator .xlsx |
| File Type | Excel Spreadsheet (.xlsx) |
| File Size | 9.8KB (Approx.) |
| Purpose | Calculate the Maturity Amount |
| Download Link | Sukanya Samriddhi Yojana Calculator in Excel |
| Price | Free |
How to Use the (SSY) Sukanya Samriddhi Yojana Calculator in Excel?
To use SSY calculator use the following steps :-
- First download click here Sukanya Samriddhi Yojana Calculator in Excel
- Save the downloaded file
- Then Open the Excel file.
- Enter your annual deposit amount in the specified column.
The sheet will automatically calculate:
- Total Investment
- Interest Earned (compounded annually at 8.2%)
Final Maturity AmountModify the deposit amount to see different scenarios.
Conclusion
The Sukanya Samriddhi Yojana Calculator in Excel is a great tool for parents planning their daughter’s future. With just a few inputs, you can visualize the power of compounding interest and make informed financial decisions.
FAQs
Can I change the deposit amount in the Excel calculator?
Yes, you can enter any amount in the “Annual Deposit” column, and the sheet will auto-update the calculations.
Is this Excel calculator free to use?
Yes, you can download and use it for free to plan your investments.
How is interest calculated in the SSY calculator?
Interest is compounded annually at the prevailing SSY rate (currently 8.2% per annum).
Where can I open an SSY account?
ou can open an account at any authorized bank or post office in India.