Sukanya Samruddhi Account - Calculator


http://sapost.blogspot.in/


Year
Age of Girl Child
Opening Balance
Monthly Contribution
Yearly Contribution
Intrest Rate @9.1%
Closing Balance
2015
1
-
1000
12,000
592
12,592
2016
2
12,592
1000
12,000
1,737
26,329
2017
3
26,329
1000
12,000
2,987
41,316
2018
4
41,316
1000
12,000
4,351
57,668
2019
5
57,668
1000
12,000
5,839
75,507
2020
6
75,507
1000
12,000
7,463
94,969
2021
7
94,969
1000
12,000
9,234
116,203
2022
8
116,203
1000
12,000
11,166
139,369
2023
9
139,369
1000
12,000
13,274
164,643
2024
10
164,643
1000
12,000
15,574
192,217
2025
11
192,217
1000
12,000
18,083
222,300
2026
12
222,300
1000
12,000
20,821
255,121
2027
13
255,121
1000
12,000
23,808
290,929
2028
14
290,929
1000
12,000
27,066
329,995
2029
15
329,995
-
-
30,030
360,024
2030
16
360,024
-
-
32,762
392,787
2031
17
392,787
-
-
35,744
428,530
2032
18
428,530
-
-
38,996
467,526
2033
19
467,526
-
-
42,545
510,071
2034
20
510,071
-
-
46,416
556,488
2035
21
556,488
-
-
50,640
607,128









Maturity Value :
Amount of Deposit : 14 Years x 12 Months x Rs. 1000 = 1,68,000 + Interest= 4,39,128 = 6,07,128 ( Approximately


Example : Model Calculations:
Mode
Contribution Rs.
Period
Total Contribution
Maturity Period
Maturity Amount Rs
Monthly
1000

14 Years
Or
14y x 12m = 168 Months
1,68,000


21 Years
6,07,128
Yearly
10000
1,40,000
5,26,050
Yearly
12000
1,68,000
6,31,261
Yearly
100000
14,00,000
52,60,509
Yearly
150000
21,00,000
78,90,763



(For Financial Year )

Month
Deposit
Balance
April
1000
1000
May
1000
2000
June
1000
3000
July
1000
4000
August
1000
5000
September
1000
6000
October
1000
7000
November
1000
8000
December
1000
9000
January
1000
10000
February
1000
11000
March
1000
12000
Total
12000
78000


SSA - Rate of Interest = 9.1%  pa        ie      9.1 /100

Interest Bearing Balance (IBB) = minimum Balance in every month from 10th to end of the month

Annual Interest =
IBB x Interest Rate
Amount should be rounded into nearest rupee
No. of Months x 100

Annual Interest =
78000 x 9.1
 =  591.50   rounded  into Rs. 592 /-
12 x 100

 Example
Year
Opening Balance
Monthly Contribution
Total  Contribution
Interest Rate @9.1%
Closing Balance
1
-
1000
12,000
592
12,592
2
12592
1000
12, 000
1737
26,329

Prepared by SAPOST

Source :  http://www.sapost.blogspot.in/

Please Contact Nearest Post Office to Open SSA account.  " Hurry up !"

Gadget

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