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Sukanya Samriddhi Deposit Account

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Flash:- The Government on 29.09.2016 slashed interest rates payable on Sukanya Samriddhi Deposit to 8.5% from 8.6% w.e.f. 01.10.2016

Sukanya Samriddhi Deposit Account Scheme has been introduced vide Government of India Notification No. G.S.R.863(E) dated December 02, 2014 and circulated to Banks by Reserve Bank of India vide their letter No.RBI/2014-15/494/IDMD(DGBA).CDD/No.4052/15.02.006/2014-15 dated 11th March 2015. The accounts under this scheme can be opened at any post office in India doing savings bank work and authorised to open an account under the scheme or at any branch of a commercial bank authorised by the Central Government to open an account under the scheme.

Salient features of Sukanya Samriddhi Account

Sukanya Samriddhi Account Comparison With PPF:

The following tables in which maturity values are given as per your annual contributions as well as monthly contributions on following assumptions

  1. Rate of Interest has been assumed to remain 9.2% for all these 21 years.
  2. Yearly contributions have been assumed to be made on April 1 every year i.e. the beginning of the financial year.
  3. Monthly contributions have been assumed to be made on 1st day of every month.

(1) Yearly Contribution Table

Annual Contribution (in Rs.)Accumulated Balance @9.20 after 14 yrs.Maturity Amt. @9.20% after 21 yrs.
10002882653376
200057653106753
300086479160129
4000115306213506
5000144132266882
6000172959320259
7000201785373635
8000230612427011
9000259438480388
10000288264533764
11000317091587141
12000345917640517
15000432397800646
18000518876960776
210006053551120905
240006918341281034
250007206611334411
270007783141441163
300008647931601293
330009512721761422
3600010377521921551
4200012107102241810
4800013836692562068
5000014413222668821
5400015566282882327
6000017295863202585
6600019025453522844
7200020755033843103
7500021619834003232
8400024214214483620
9600027673385124137
10000028826445337642
10800031132555764654
12000034591726405171
13200038050907045688
14400041510077686205
15000043239668006464

(2) Monthly Contribution Table

Annual Contribution (in Rs.)Accumulated Balance @9.20 after 14 yrs.Maturity Amt. @9.20% after 21 yrs.
500171375317327
1000342751634654
1500514126951981
20006855011269307
25008568771586634
300010282521903961
400013710032538615
500017137533173268
600020565043807922
700023992554442576
750025706304759903
800027420065077229
900030847565711883
1000034275076346537
1100037702586981190
1200041130087615844
1250042843847933171

The different investors will have have different amounts and different timings of their deposits and their maturity values will also be different. So, these maturity values are only indicative based on certain above said assumptions.











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