Sukanya Samriddhi Yojana was announced recently by our respectable Prime Minister Narendra Modi. It is very beneficial for girl child for their education and marriage purposes. Do you know what sukanya samriddhi calculator is? To know more about it, have a look at the information given below.
How to Use Sukanya Samriddhi Calculator?
1. Sukanya Samriddhi Calculator is an Excel sheet. It has 4 sheets. You can modify only one sheet named “Sukanya Samriddhi Calculator.” Moreover, the other sheets are supporting sheets. You can see the supporting sheet but cannot edit it.
2. Now, You need to enter details in the three fields including,
⦁ Age of Girl Child in years
⦁ Monthly Contribution or Yearly Contribution
⦁ Interest Rate (If changes next year)
3. If you want to know the withdraw-able amount at the age of 18 years you can see 50% of the account balance. Have a look at the contribution sheet if you have chosen monthly contribution or yearly contribution sheet.
4. The working sheet encloses comprehensive calculation of month-wise contribution and yearly compounding interest as well.
Now, you can use sukanya samriddhi calculator without any trouble. However, there are some limitations to use it. Do you know what are they? They are listed below.
⦁ It calculates equal contribution per month or per year. It means that if you want to contribute different amount each month or year then you can’t get maturity amount with this calculator.
⦁ You can enter the yearly and monthly contribution amount at the beginning. For example, if you want to contribute 12,000 per year then the calculator presumes that the deposit was made on 1st April and then provides you the maturity.
⦁ Moreover, 50% withdrawal is not calculated in this calculator. You will have to have a look at the sheet of monthly and yearly contribution and calculate the 50% withdraw-able amount when the girl child completes 18 years of age.
These are the limitations of Sukanya Samriddhi Calculator. In case of any doubts regarding this, you can leave a comment below and ask a question.
Click here to download Calculator.
Sukanya Samriddhi Yojana in PDF (Download PDF)
Click here to download the Sukanya Smriddhi Yojana Account details, benefits and Calculator in PDF Format download it from here. On the above link you will find pdf link, just download the pdf file and get all the details about the Sukanya samriddhi yojana in pdf.
Open a Sukanya Samriddhi Account today for your daughter, check out benefits of this scheme.