Bhagyalakshmi Scheme Calculator
(ಭಾಗ್ಯಲಕ್ಷ್ಮಿ ಯೋಜನೆ ಕ್ಯಾಲ್ಕುಲೇಟರ್)
Bhagyalakshmi Scheme Calculator: Easily Calculate Your Scheme Maturity Details
The Karnataka Bhagyalakshmi Scheme, introduced by the Government of Karnataka, is designed to support girl children from Below Poverty Line (BPL) families by offering financial assistance. The government deposits ₹3,000 every year for 15 years period into a Sukanya Samruddhi Account for the girl child, helping secure her future.
To make it easier for families to plan ahead, we’ve developed the Bhagyalakshmi Scheme Calculator. This simple tool lets you calculate the maturity date and approximate maturity amount based on the girl child’s date of birth and date of Bhagyalakshmi Scheme account opened at the post office.
How to Use the Bhagyalakshmi Scheme Calculator
To use the Bhagyalakshmi Scheme calculator, follow these easy steps:
- Enter the Girl Child’s Date of Birth: This date is important for calculating her eligibility for higher education-related withdrawals.
- Enter the Date When the Account Was Opened
- Click ‘Calculate’: The calculator will automatically determine the maturity date and the potential amount you can withdraw for the child’s higher education.
- Reset: If you want to enter new details, click the ‘Reset’ button to clear the form.
Key Features of the Bhagyalakshmi Scheme
- Maturity Date: The girl will be eligible to receive the total deposited amount after 21 years from the date of account opened.
- Education Withdrawal: From the time the girl reaches 18 years of age, she can withdraw up to 50% of the deposited amount to support her higher education.
- Annual Deposits: The Karnataka Government deposits ₹3,000 annually for 15 years into the Sukanya Samruddhi Account. By maturity, the amount can grow to approximately ₹1,27,000 based on current interest rates.
Why Use the Bhagyalakshmi Scheme Calculator?
This tool helps you visualize the growth of the deposits and plan the girl child’s future more effectively. Whether you are looking to see the maturity date or checking when the girl can access funds for education, this calculator provides accurate and quick results.