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SukanyaPlan
Deposit yearly for the first 15 years — the account continues earning interest until maturity at year 21.
SSY consistently offers one of the highest interest rates among government small-savings schemes — currently 8.2% p.a., higher than PPF (7.1%) and most bank FDs, making it one of the best risk-free long-term options for a girl child's future.
You contribute for the first 15 years only, but the account stays open and earns compound interest for 6 more years until the girl turns 21 — those 6 years of compounding without deposits add significantly to the final maturity amount.
Estimate monthly payments with taxes, insurance, and amortization.
OpenProperty price, down payment, tenure — EMI, processing fee, and stamp duty & registration.
OpenCompare loan terms and see total interest paid.
OpenProject growth from deposits and compounding interest.
OpenMaturity value (21 years)
4,788,079.447
Deposits are made for the first 15 years only; the account matures at 21 years from opening.
What you entered
Annual interest rate
r = 8.2%= 8.2%Deposit period
First 15 years= 15 yearsMaturity period
Account matures at year 21= 21 yearsTotal amount deposited
$100,000.00 × 15= $1,500,000.00Maturity value
Compound annually for 21 years (deposits only first 15)= $4,788,079.45Interest earned
$4,788,079.45 − $1,500,000.00= $3,288,079.45Result
Maturity value (21 years): 4,788,079.447
Depositing $100,000/year for 15 years at 8.2% grows to $4,788,079 at maturity (year 21), earning $3,288,079 in tax-free interest.