Sukanya samriddhi accounts calculator

Sukanya Samriddhi Accounts is keeping scheme for girl kid. Last week, Financing minister introduced that Sukanya Samriddhi Accounts/Yojana interest will be tax free. Right now this saving scheme designed for girl kid is attracting several traders. This is a little saving scheme that provides 9.1% interest. In this article, I'd touch upon key functions alongside Sukanya Samriddhi Accounts/Yojana excel calculator download. You can perform computations of Sukanya Samriddhi Yojana Calculator on the web. You'd be helped by this calculator to learn just how much tax free income it is possible to save for the girl kid. This Sukanya Samriddhi Yojana calculator excel download would furthermore help you to understand how much money you have to invest if you need to accumulate a specific amount. This Sukanya could be checked by you Samriddhi Yojana calculator download free excel template.

Top features of Sukanya Samriddhi Account / Yojana

Parent / Guardian can open up Sukanya Samriddhi Account inside the title of the small girl child till a decade of age.

Minimum deposit is usually Rs 1,000 and inside multiples of Rs 100 thereon.

Optimum deposit to be produced is usually Rs 1.5 Lakhs in a financial year.

Interest rates are usually 9.1% for financial yr. 2014-15. The interest would be introduced by the Govt. of India every complete year, the real way they're carrying it out for PPF. Interest is 9.2% for financial yr. 2015-16 as announced by Gov. of India during the other day of March, 2015.

Account will be active till lady attains 21 years or during relationship after 18 years.

To meet advanced schooling costs, partial withdrawal is allowed around 50% of the total amount accumulated till the finish of the final financial year. That is allowed after lady attained 18 years.

This provision is held so that early relationship is prevented before 18 years.

Attention is compounded on a good annual basis and will be first credited whenever a girl attains 14 years.

Sukanya Samriddhi Account could be transferred any place in India in the event girl moves in one city to another.

Major great things about Sukanya Samriddhi Account Lady Saving Scheme

High interest of 9.1%.

Interest of 9.2% announced for FY 2015-16 (updated on 4-Apr-15) Taxes deduction u/s 80C up to Rs 1.5 Lakhs in a financial year.

Attention received on Sukanya Samriddhi Accounts is exempted from tax (as announced on 28th February, during spending budget announcement).

Good for Moms and dads / Guardian who would like to accumulate tax free earnings for girl kid for education or relationship.

Sukanya Samriddhi Accounts Excel Calculator Download You will find out just how much interest you'll get or maturity amount with this particular Sukanya Samriddhi Yojana calculator online. Sukanya Samriddhi Yojana calculator download free excel template would enable you to compute it on finger suggestion.

If a mother or father / guardian invest Rs 1,000 each year for 14 yrs. and await 21 yrs., the accumulated amount will be Rs 52,605.

If a mother or father / guardian have invested Rs 150,000 each year for 14 yrs. and await 21 yrs., the accumulated amount will be Rs 78.90 Lakhs.

How to utilize this Sukanya Samriddhi Accounts / Yojana Excel calculator download?

Input the expense amount yearly in green color cell in yearly expense column.

Interest is updated as 9.1% yearly every year. In the event in virtually any specific year, there's change in interest, you can update exactly the same for that full yr. It could be left by you as 9.1% as of this moment.

Your accumulated amount is displayed. It would provide year on yr. also, how interest will be computed and what quantity is accumulated.