Sukanya Samriddhi Yojana Interest Rate List , Calculator

SBI Sukanya Samriddhi Yojana Interest Rate List 2021-22 | Sukanya Samriddhi Yojana Interest Chart | Sukanya Samriddhi Yojana Post Office Interest Rate 2021 | SSY Interest Rate and Calculator

The government launched Sukanya Samriddhi Yojana under  the campaign of ‘Beti Bachao Beti Padhao’. Sukanya Samriddhi Yojana was specifically launched to secure the financial future of the girl child.

The scheme allows the guardian of the girl child to open the savings account for their girl child in any authorized commercial bank or India Post Office. The account can be opened by the parent of the girl child below the age of 10 years.

Sukanya Samriddhi Yojana Interest Rate List

For the financial year 2020, the Sukanya Samriddhi Yojana interest rate is 7.6 % compound yearly. Government fixes the rate of interest of the scheme and is revised on a quarterly basis. The list of Sukanya Samriddhi Yojana Interest Rate is given below.

Time Period Interest Rate
April – June 2020(Financial Year 2020-21)7.6 %
January – March 2020 (Financial Year 2020-21)8.4 %
July – September 2019 (Financial Year 2019-20)8.4 %
April – June 2019 (Financial Year 2019-20)8.5 %
January – March 2019 (Financial Year 2018-19)8.5 %
October – December 2018 (Financial Year 2018-19)8.5 %
July – September 2018 (Financial Year 2018-19)8.1 %
April – June 2018 (Financial Year 2018-19)8.1 %
January – March 2018 (Financial Year 2018-19)8.1 %
October – December 2017 (Financial Year 2017-18) 8.3 %
July – September 2017 (Financial Year 2017-18)8.3 %
April – June 2017 (Financial Year 2017-18)8.4 %
Sukanya Samriddhi Yojana Interest Rate List

Sukanya Samriddhi Yojana Interest Rate Calculator

The final amount of SSY is calculated based on your net contribution plus interest earned.

Sukanya Samriddhi Yojana calculator uses the following formula to generate results.

Sukanya Samriddhi Yojana Interest Rate Calculation Formula
Sukanya Samriddhi Yojana Interest Rate Calculation Formula

A – Compound Interest

P – Principal Amount

r – Rate of Interest

n – Number of times interest compounds in a year

t – Number of years

Sukanya Samriddhi Yojana in SBI

https://sbi.co.in/web/personal-banking/investments-deposits/govt-schemes/sukanya-samriddhi-yojana

For more information visit National Savings Institute http://www.nsiindia.gov.in/InternalPage.aspx?Id_Pk=89

Read : Government Health Schemes List in India | All Govt. Health Insurance Schemes

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