Sukanya Samriddhi: Rs.30,000 Investment Maturity Value

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Sukanya Samriddhi Yojana only for the girl child is turning out to be the most preferred investment option for long term due to it’s attractive benefits which are:

  • 9.1% interest (although this might change/remain fixed every year)
  • Tax free investment and returns
  • Higher corpus post maturity. The more you invest the more you get.
  • Secured future to the girl child
  • Option for premature withdrawal
  • And most importantly Sukanya Samriddhi Scheme is a zero risk investment product

SSA can be opened only at post offices and 28 authorized banks by RBI. Read in detail about this scheme here.

Here’s a detailed table showing maturity value calculation when someone invests Rs. 30,000 consistently for 14 years i.e. total investment of Rs. 4,20,000 in the account. Once the scheme matures i.e. after 21 years of opening the account, the maturity amount will be Rs. 15,78,153 assuming that no money is withdrawn prematurely. Also for the calculation interest rate of 9.1% is considered for each year.

No. of YearsFinancial YearSSA Opening Balance (INR)Investment/Year (INR)Interest Earned (INR)SSA Balance at Year End (INR)
12015-20163000030000273032730
22016-20173273030000570868438
32017-201868438300008958107396
42018-20191073963000012503149899
52019-20201498993000016371196270
62020-20211962703000020591246861
72021-20222468613000025194302055
82022-20233020553000030217362272
92023-20243622723000035697427969
102024-20254279693000041675499644
112025-20264996443000048198577842
122026-20275778423000055314663155
132027-20286631553000063077756232
142028-20297562323000071547857780
152029-2030857780078058935838
162030-20319358380851611020999
172031-203210209990929111113910
182032-2033111391001013661215275
192033-2034121527501105901325866
202034-2035132586601206541446519
212035-2036144651901316331578153

Also check out detailed table showing maturity value calculation for yearly investment of Rs.10,000 with maturity amount of Rs. 5,26,051  and Rs. 20,000 giving a return of Rs. 1,052,102.

 

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