- You put in₹1,80,000
- Interest₹3,94,570
ସୁଧ ଆପଣଙ୍କ ଜମାର ଦୁଇଗୁଣରୁ ବେଶି — ଆଗରୁ ଆରମ୍ଭ କରିବାର ଫଳ।The interest is more than double what you put in — the reward of starting early.
₹12,000 a year for 15 years could give her about ₹5.75 lakh when she turns 23.
You put in ₹1,80,000; ₹3,94,570 is interest. At 18 she can take out up to ₹1.94 lakh for her studies.
Year by year
| Year | Her age | Put in | Interest | Value |
|---|---|---|---|---|
| 1 | 3 | ₹12,000 | ₹984 | ₹12,984 |
| 2 | 4 | ₹24,000 | ₹3,033 | ₹27,033 |
| 3 | 5 | ₹36,000 | ₹6,233 | ₹42,233 |
| 4 | 6 | ₹48,000 | ₹10,681 | ₹58,681 |
| 5 | 7 | ₹60,000 | ₹16,476 | ₹76,476 |
| 6 | 8 | ₹72,000 | ₹23,731 | ₹95,731 |
| 7 | 9 | ₹84,000 | ₹32,565 | ₹1,16,565 |
| 8 | 10 | ₹96,000 | ₹43,108 | ₹1,39,108 |
| 9 | 11 | ₹1,08,000 | ₹55,499 | ₹1,63,499 |
| 10 | 12 | ₹1,20,000 | ₹69,889 | ₹1,89,889 |
| 11 | 13 | ₹1,32,000 | ₹86,444 | ₹2,18,444 |
| 12 | 14 | ₹1,44,000 | ₹1,05,341 | ₹2,49,341 |
| 13 | 15 | ₹1,56,000 | ₹1,26,771 | ₹2,82,771 |
| 14 | 16 | ₹1,68,000 | ₹1,50,942 | ₹3,18,942 |
| 15 | 17 | ₹1,80,000 | ₹1,78,079 | ₹3,58,079 |
| 16 | 18 | ₹1,80,000 | ₹2,07,442 | ₹3,87,442 |
| 17 | 19 | ₹1,80,000 | ₹2,39,212 | ₹4,19,212 |
| 18 | 20 | ₹1,80,000 | ₹2,73,587 | ₹4,53,587 |
| 19 | 21 | ₹1,80,000 | ₹3,10,781 | ₹4,90,781 |
| 20 | 22 | ₹1,80,000 | ₹3,51,025 | ₹5,31,025 |
| 21 | 23 | ₹1,80,000 | ₹3,94,570 | ₹5,74,570 |
These figures are estimates from the numbers you enter. Returns are not promised, and tax is left out unless stated. This is education, not investment advice.
How this is worked out
One deposit goes in before 5 April each year, for the first 15 years. Interest is added once a year, on 31 March, at the rate you entered. For the last 6 years nothing goes in, but the balance keeps earning. The account matures 21 years after it was opened.
The amount for studies is half the balance at the end of the year she turns 18 — the most the scheme lets her take out then. Taking it out lowers the final amount; this calculator assumes she doesn’t.
Read this before you trust the number
- The rate is not fixed. When the government changes it, the new rate applies to the whole balance.
- Paying monthly instead of once a year gives a little less, because the early months earn less interest. Pay before the 5th of the month either way.
- Deposit, interest and maturity amount are tax-free. The deduction on deposits is only in the old tax regime.