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Sukanya Sarmriddhi Calculator

The document contains calculations for the SimpleInterest.in Sukanya Samriddhi Yojana scheme which allows monthly or yearly contributions towards a girl child's education over 21 years. It shows the monthly/yearly opening and closing balances along with interest earned at 9.2% annually, resulting in maturity amounts of Rs. 307,889 for monthly contributions of Rs. 500, or Rs. 1,262,522 for yearly contributions of Rs. 24,000.
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0% found this document useful (0 votes)
92 views16 pages

Sukanya Sarmriddhi Calculator

The document contains calculations for the SimpleInterest.in Sukanya Samriddhi Yojana scheme which allows monthly or yearly contributions towards a girl child's education over 21 years. It shows the monthly/yearly opening and closing balances along with interest earned at 9.2% annually, resulting in maturity amounts of Rs. 307,889 for monthly contributions of Rs. 500, or Rs. 1,262,522 for yearly contributions of Rs. 24,000.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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SimpleInt

Sukanya Samrid
Please fill Monthly Contribution Amou

Monthly Contribution

Age of the Girl Child (in years)

Interest Rate

Maturity Amount
Note:
1. Calculation is done by assuming that contribution is made at
2. Contirbution is up to 14 years only.
3. Maturity at the end of 21 years from the date of opening of a
4. Calculation is done taking the Interest for the current year @
interest rate.
SimpleInterest.in
ukanya Samridhhi Caculator
fill Monthly Contribution Amount OR Yearly Contribuion Amount

500.00 OR Yearly Contribution 24,000.00

the Girl Child (in years) 0

Interest Rate 9.20%

307,889.09 OR Maturity Amount 1,262,522.05

by assuming that contribution is made at beginning of the month or year.


to 14 years only.
d of 21 years from the date of opening of account.
taking the Interest for the current year @ 9.1% p.a., every year Government will notify the new
SimpleInterest.in
Monthly Contribution 500
Interest Rate 9.20%
Maturity Value after 21 year 307,889
Yearly Yearly
Age of Girl Calendar Monthly Interest @
Year Opening Closing
Child Year Contribution 9.1% p.a.
Balance Balance
1 0 2015-16 - 500 299 6,299
2 1 2016-17 6,299 500 878 13,177
3 2 2017-18 13,177 500 1,511 20,688
4 3 2018-19 20,688 500 2,202 28,891
5 4 2019-20 28,891 500 2,957 37,847
6 5 2020-21 37,847 500 3,781 47,628
7 6 2021-22 47,628 500 4,681 58,309
8 7 2022-23 58,309 500 5,663 69,973
9 8 2023-24 69,973 500 6,736 82,709
10 9 2024-25 82,709 500 7,908 96,617
11 10 2025-26 96,617 500 9,188 111,805
12 11 2026-27 111,805 500 10,585 128,390
13 12 2027-28 128,390 500 12,111 146,501
14 13 2028-29 146,501 500 13,777 166,278
15 14 2029-30 166,278 - 15,298 181,576
16 15 2030-31 181,576 - 16,705 198,281
17 16 2031-32 198,281 - 18,242 216,523
18 17 2032-33 216,523 - 19,920 236,443
19 18 2033-34 236,443 - 21,753 258,196
20 19 2034-35 258,196 - 23,754 281,950
21 20 2035-36 281,950 - 25,939 307,889
Note:
1. Calculation is done by assuming that contribution is made at once in the
beginning of each year.
1. Contirbution is up to 14 years only.
2. Maturity at the end of 21 years from the date of opening of account.

3. Calculation is done taking the Interest for the current year @ 9.1% p.a., every
year Government will notify the new interest rate.
SimpleInterest.in
Yearly Contribution 24000
Interest Rate 9.20%
Maturity Value after 21 year 1,262,522
Yearly Yearly
Age of Girl Calendar Yearly Interest @
Year Opening Closing
Child Year Contribution 9.1% p.a.
Balance Balance
1 0 2015-16 - 24,000 2,184 26,184
2 1 2016-17 26,184 24,000 4,567 54,751
3 2 2017-18 54,751 24,000 7,166 85,917
4 3 2018-19 85,917 24,000 10,002 119,920
5 4 2019-20 119,920 24,000 13,097 157,016
6 5 2020-21 157,016 24,000 16,472 197,489
7 6 2021-22 197,489 24,000 20,155 241,644
8 7 2022-23 241,644 24,000 24,174 289,818
9 8 2023-24 289,818 24,000 28,557 342,375
10 9 2024-25 342,375 24,000 33,340 399,715
11 10 2025-26 399,715 24,000 38,558 462,273
12 11 2026-27 462,273 24,000 44,251 530,524
13 12 2027-28 530,524 24,000 50,462 604,986
14 13 2028-29 604,986 24,000 57,238 686,224
15 14 2029-30 686,224 - 62,446 748,670
16 15 2030-31 748,670 - 68,129 816,799
17 16 2031-32 816,799 - 74,329 891,128
18 17 2032-33 891,128 - 81,093 972,220
19 18 2033-34 972,220 - 88,472 1,060,692
20 19 2034-35 1,060,692 - 96,523 1,157,215
21 20 2035-36 1,157,215 - 105,307 1,262,522
Note:

1. Calculation is done by assuming that contribution is made at once in the


beginning of each year.
1. Contirbution is up to 14 years only.
2. Maturity at the end of 21 years from the date of opening of account.

3. Calculation is done taking the Interest for the current year @ 9.1% p.a., every
year Government will notify the new interest rate.
Monthly Contribution 500.00
Interest Rate 9.20%
Maturity Value after 21 year 307,889.09

Yearly Monthly
Monthly Cumulative Interest
Years Months Opening Contirbution @
Contribution 9.1% p.a.
Balance

April - 500 500 4


May 500 1,000 8
June 500 1,500 12
July 500 2,000 15
August 500 2,500 19
September 500 3,000 23
1
October 500 3,500 27
November 500 4,000 31
December 500 4,500 35
January 500 5,000 38
February 500 5,500 42
March 500 6,000 46
Total 6,000 299
April 6,299 500 6,799 52
May 500 7,299 56
June 500 7,799 60
July 500 8,299 64
August 500 8,799 67
September 500 9,299 71
2
October 500 9,799 75
November 500 10,299 79
December 500 10,799 83
January 500 11,299 87
February 500 11,799 90
March 500 12,299 94
Total 6,000 878
April 13,177 500 13,677 105
May 500 14,177 109
June 500 14,677 113
July 500 15,177 116
August 500 15,677 120
September 500 16,177 124
3
October 500 16,677 128
November 500 17,177 132
December 500 17,677 136
January 500 18,177 139
February 500 18,677 143
March 500 19,177 147
Total 6,000 1,511
April 20,688 500 21,188 162
May 500 21,688 166
June 500 22,188 170
July 500 22,688 174
August 500 23,188 178
September 500 23,688 182
4
October 500 24,188 185
November 500 24,688 189
December 500 25,188 193
January 500 25,688 197
February 500 26,188 201
March 500 26,688 205
Total 6,000 2,202
April 28,891 500 29,391 225
May 500 29,891 229
June 500 30,391 233
July 500 30,891 237
August 500 31,391 241
September 500 31,891 244
5
October 500 32,391 248
November 500 32,891 252
December 500 33,391 256
January 500 33,891 260
February 500 34,391 264
March 500 34,891 267
Total 6,000 2,957
April 37,847 500 38,347 294
May 500 38,847 298
June 500 39,347 302
July 500 39,847 305
August 500 40,347 309
September 500 40,847 313
6
October 500 41,347 317
November 500 41,847 321
December 500 42,347 325
January 500 42,847 328
February 500 43,347 332
March 500 43,847 336
Total 6,000 3,781
April 47,628 500 48,128 369
May 500 48,628 373
June 500 49,128 377
July 500 49,628 380
August 500 50,128 384
September 500 50,628 388
7
October 500 51,128 392
7
November 500 51,628 396
December 500 52,128 400
January 500 52,628 403
February 500 53,128 407
March 500 53,628 411
Total 6,000 4,681
April 58,309 500 58,809 451
May 500 59,309 455
June 500 59,809 459
July 500 60,309 462
August 500 60,809 466
September 500 61,309 470
8
October 500 61,809 474
November 500 62,309 478
December 500 62,809 482
January 500 63,309 485
February 500 63,809 489
March 500 64,309 493
Total 6,000 5,663
April 69,973 500 70,473 540
May 500 70,973 544
June 500 71,473 548
July 500 71,973 552
August 500 72,473 556
September 500 72,973 559
9
October 500 73,473 563
November 500 73,973 567
December 500 74,473 571
January 500 74,973 575
February 500 75,473 579
March 500 75,973 582
Total 6,000 6,736
April 82,709 500 83,209 638
May 500 83,709 642
June 500 84,209 646
July 500 84,709 649
August 500 85,209 653
September 500 85,709 657
10
October 500 86,209 661
November 500 86,709 665
December 500 87,209 669
January 500 87,709 672
February 500 88,209 676
March 500 88,709 680
Total 6,000 7,908
April 96,617 500 97,117 745
May 500 97,617 748
June 500 98,117 752
July 500 98,617 756
August 500 99,117 760
September 500 99,617 764
11
October 500 100,117 768
November 500 100,617 771
December 500 101,117 775
January 500 101,617 779
February 500 102,117 783
March 500 102,617 787
Total 6,000 9,188
April 111,805 500 112,305 861
May 500 112,805 865
June 500 113,305 869
July 500 113,805 873
August 500 114,305 876
September 500 114,805 880
12
October 500 115,305 884
November 500 115,805 888
December 500 116,305 892
January 500 116,805 896
February 500 117,305 899
March 500 117,805 903
Total 6,000 10,585
April 128,390 500 128,890 988
May 500 129,390 992
June 500 129,890 996
July 500 130,390 1,000
August 500 130,890 1,003
September 500 131,390 1,007
13
October 500 131,890 1,011
November 500 132,390 1,015
December 500 132,890 1,019
January 500 133,390 1,023
February 500 133,890 1,026
March 500 134,390 1,030
Total 6,000 12,111
April 146,501 500 147,001 1,127
May 500 147,501 1,131
June 500 148,001 1,135
July 500 148,501 1,139
August 500 149,001 1,142
September 500 149,501 1,146
14
October 500 150,001 1,150
November 500 150,501 1,154
December 500 151,001 1,158
January 500 151,501 1,162
February 500 152,001 1,165
March 500 152,501 1,169
Total 6,000 13,777
April 166,278 - 166,278 1,275
May - 166,278 1,275
June - 166,278 1,275
July - 166,278 1,275
August - 166,278 1,275
September - 166,278 1,275
15
October - 166,278 1,275
November - 166,278 1,275
December - 166,278 1,275
January - 166,278 1,275
February - 166,278 1,275
March - 166,278 1,275
Total - 15,298
April 181,576 - 181,576 1,392
May - 181,576 1,392
June - 181,576 1,392
July - 181,576 1,392
August - 181,576 1,392
September - 181,576 1,392
16
October - 181,576 1,392
November - 181,576 1,392
December - 181,576 1,392
January - 181,576 1,392
February - 181,576 1,392
March - 181,576 1,392
Total - 16,705
April 198,281 - 198,281 1,520
May - 198,281 1,520
June - 198,281 1,520
July - 198,281 1,520
August - 198,281 1,520
September - 198,281 1,520
17
October - 198,281 1,520
November - 198,281 1,520
December - 198,281 1,520
January - 198,281 1,520
February - 198,281 1,520
March - 198,281 1,520
Total - 18,242
April 216,523 - 216,523 1,660
May - 216,523 1,660
June - 216,523 1,660
July - 216,523 1,660
August - 216,523 1,660

18
September - 216,523 1,660
18
October - 216,523 1,660
November - 216,523 1,660
December - 216,523 1,660
January - 216,523 1,660
February - 216,523 1,660
March - 216,523 1,660
Total - 19,920
April 236,443 - 236,443 1,813
May - 236,443 1,813
June - 236,443 1,813
July - 236,443 1,813
August - 236,443 1,813
September - 236,443 1,813
19
October - 236,443 1,813
November - 236,443 1,813
December - 236,443 1,813
January - 236,443 1,813
February - 236,443 1,813
March - 236,443 1,813
Total - 21,753
April 258,196 - 258,196 1,980
May - 258,196 1,980
June - 258,196 1,980
July - 258,196 1,980
August - 258,196 1,980
September - 258,196 1,980
20
October - 258,196 1,980
November - 258,196 1,980
December - 258,196 1,980
January - 258,196 1,980
February - 258,196 1,980
March - 258,196 1,980
Total - 23,754
April 281,950 - 281,950 2,162
May - 281,950 2,162
June - 281,950 2,162
July - 281,950 2,162
August - 281,950 2,162
September - 281,950 2,162
21
October - 281,950 2,162
November - 281,950 2,162
December - 281,950 2,162
January - 281,950 2,162
February - 281,950 2,162
March - 281,950 2,162
Total - 25,939
500.00
9.20%
307,889.09

Yearly
Closing
Balance

6,299

13,177

20,688
28,891

37,847

47,628
58,309

69,973

82,709

96,617
111,805

128,390

146,501
166,278

181,576

198,281

216,523
236,443

258,196

281,950

307,889

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