செல்வமகள் சேமிப்பு திட்டம் கணிப்பான் – முழுமையான வழிகாட்டி

Selva Magal Scheme Calculator – Complete User Guide

Welcome to the most comprehensive Selva Magal Scheme Calculator available online. This guide will walk you through every feature of our calculator, helping you plan your daughter’s financial future with precision and confidence.

எங்கள் செல்வமகள் சேமிப்பு திட்ட கணிப்பான் உங்கள் மகளின் நிதி எதிர்காலத்தை திட்டமிட உதவும் மிக விரிவான கருவியாகும்.

What is the Selva Magal Scheme? | செல்வமகள் திட்டம் என்றால் என்ன?

The Selva Magal Scheme (also known as Sukanya Samriddhi Yojana in other states) is a government-backed savings scheme specifically designed for the girl child. Operated through Post Offices across Tamil Nadu, this scheme offers:

• High Interest Rate: Currently 8.2% per annum (as of December 2024)
• Tax Benefits: Triple tax exemption under Section 80C
• Government Guarantee: 100% safe investment backed by the Government of India
• Long-term Wealth Creation: 21-year maturity period for maximum compound growth

Key Scheme Parameters | முக்கிய திட்ட அளவுருக்கள்

Parameter	Value	Tamil
Interest Rate	8.2% per annum	8.2% வருடாந்திர வட்டி
Compounding	Annual	வருடாந்திர கூட்டு வட்டி
Investment Period	15 years	15 ஆண்டுகள்
Maturity Period	21 years	21 ஆண்டுகள்
Minimum Deposit (per transaction)	₹250	₹250
Minimum Deposit (per year)	₹1,000	₹1,000
Maximum Deposit (per year)	₹1,50,000	₹1,50,000
Eligible Age	0-10 years	0-10 வயது

How to Use Our Calculator | கணிப்பானை எவ்வாறு பயன்படுத்துவது

Our calculator is designed to be intuitive and user-friendly. Follow these simple steps to calculate your daughter’s future savings:

Step 1: Select Language | மொழியைத் தேர்ந்தெடுக்கவும்

At the top of the calculator, you’ll find two language buttons:

• தமிழ் – Click for Tamil language interface
• English – Click for English language interface

The calculator will reload with all labels, instructions, and results in your preferred language.

Step 2: Enter Your Child’s Age | குழந்தையின் வயதை உள்ளிடவும்

Use the age slider to select your daughter’s current age:

• Slide left for younger ages (0 years)
• Slide right for older ages (up to 10 years)
• The selected age appears prominently above the slider

Important: The scheme is only available for girl children below 10 years of age. The account must be opened before the child turns 10.

Step 3: Enter Annual Deposit Amount | வருடாந்திர முதலீட்டை உள்ளிடவும்

Enter the amount you plan to invest each year:

• Minimum: ₹1,000 per year
• Maximum: ₹1,50,000 per year
• The monthly equivalent is automatically displayed below

Example: If you enter ₹12,000 annually, the calculator shows “Monthly Equivalent: ₹1,000” – helping you understand the monthly commitment.

Step 4: Adjust Interest Rate (Optional) | வட்டி விகிதத்தை சரிசெய்யவும்

The current interest rate of 8.2% is pre-filled. However, you can adjust this to:

• See how rate changes affect your returns
• Plan for potential future rate revisions
• Compare with historical rates

Step 5: Click Calculate | கணக்கிடு பொத்தானை அழுத்தவும்

Press the “Calculate” (கணக்கிடு) button to see your complete results. The calculator will instantly display:

• Total maturity amount
• Year-by-year breakdown
• Investment vs. interest split
• Tax savings
• And much more!

Understanding Calculator Results | முடிவுகளைப் புரிந்துகொள்ளுதல்

Once you click Calculate, the results section displays comprehensive information about your investment. Here’s what each section means:

Main Result Card | முக்கிய முடிவு அட்டை

The large red card at the top shows your Maturity Amount – the total money you’ll receive after 21 years. This includes:

• All your deposits over 15 years
• Compound interest earned over 21 years
• The maturity year and your daughter’s age at maturity

Statistics Grid | புள்ளிவிவர கட்டம்

Four key statistics are displayed in colored cards:

1. Total Investment (மொத்த முதலீடு)

This shows the total principal amount you will deposit over the 15-year investment period.

Formula: Annual Deposit × 15 years

Example: ₹10,000 × 15 = ₹1,50,000

2. Total Interest (மொத்த வட்டி)

This displays the total interest earned through compound growth over 21 years.

Formula: Maturity Amount – Total Investment

Example: ₹4,65,000 – ₹1,50,000 = ₹3,15,000

3. Maturity Year (முதிர்வு ஆண்டு)

The exact year when the account matures and you can withdraw the full amount.

Formula: Current Year + 21

4. Age at Maturity (முதிர்வு வயது)

Your daughter’s age when the scheme matures.

Formula: Current Age + 21

Progress Bars | முன்னேற்ற பட்டைகள்

Visual progress bars show the percentage split between:

• Investment portion: What percentage of the final amount is your deposited principal
• Interest portion: What percentage is earned through compound interest

Key Insight: With 8.2% interest over 21 years, the interest earned often exceeds your total investment – that’s the power of compound interest!

Quick Scenario Cards | விரைவு சூழ்நிலை அட்டைகள்

At the top of the calculator, you’ll find three pre-configured scenarios to help you get started quickly:

1. Budget-Conscious Parent (பட்ஜெட் உணர்வுள்ள பெற்றோர்)

• Annual Deposit: ₹5,000
• Monthly Equivalent: ₹417
• Child Age: 5 years
• Best for: Families with limited savings capacity who still want to secure their daughter’s future

2. Middle-Class Family (நடுத்தர வர்க்க குடும்பம்)

• Annual Deposit: ₹12,000
• Monthly Equivalent: ₹1,000
• Child Age: 3 years
• Best for: Average income families looking for balanced savings

3. High-Earning Parent (அதிக வருமானம் பெறுபவர்)

• Annual Deposit: ₹50,000
• Monthly Equivalent: ₹4,167
• Child Age: 1 year
• Best for: Higher income families wanting to maximize the scheme benefits

How to use: Simply click on any scenario card, and the calculator will automatically fill in those values and calculate the results.

Year-by-Year Breakdown Table | ஆண்டு வாரியான விரிவான அட்டவணை

This is one of the most valuable features of our calculator. The breakdown table shows exactly how your money grows each year.

Table Columns Explained | அட்டவணை நெடுவரிசைகள்

Year (ஆண்டு)

The calendar year for each row (e.g., 2024, 2025, 2026…)

Age (வயது)

Your daughter’s age in that particular year

Deposit (முதலீடு)

The amount deposited in that year:

• Years 1-15: Shows your annual deposit amount
• Years 16-21: Shows “-” as no deposits are made during the growth phase

Interest (வட்டி)

The interest earned in that specific year, calculated on the previous year’s balance

Balance (இருப்பு)

The total accumulated amount at the end of each year

Two Phases Highlighted | இரண்டு கட்டங்கள்

Investment Phase (முதலீட்டு காலம்) – Years 1-15

During this phase:

• You make annual deposits
• Interest is calculated and added each year
• Your balance grows through both deposits and interest

Growth Phase (வளர்ச்சி காலம்) – Years 16-21

During this phase:

• No new deposits required
• Interest continues to compound on the accumulated balance
• Highlighted in green to show continued growth
• This is where compound interest shows its true power

Amount Comparison Feature | தொகை ஒப்பீட்டு அம்சம்

Click on the “Amount Comparison” (தொகை ஒப்பீடு) tab to see how different deposit amounts affect your final maturity value.

Comparison Grid

The calculator displays six different deposit scenarios side by side:

Annual Deposit	Monthly Equivalent	21-Year Maturity (Approx.)
₹5,000	₹417	₹2,32,500
₹10,000	₹833	₹4,65,000
₹25,000	₹2,083	₹11,62,500
₹50,000	₹4,167	₹23,25,000
₹1,00,000	₹8,333	₹46,50,000
₹1,50,000	₹12,500	₹69,75,000

How to Use This Feature

• Click any card to instantly apply that deposit amount to the main calculator
• Your currently selected amount is highlighted with a red border
• Compare and decide which investment level suits your budget

Tax Savings Calculator | வரி சேமிப்பு கணிப்பான்

Click on the “Tax Savings” (வரி சேமிப்பு) tab to understand your tax benefits.

Select Your Tax Bracket | உங்கள் வரி அடுக்கைத் தேர்ந்தெடுக்கவும்

Choose from six income tax brackets:

Tax Rate	Annual Income Range	Description
0%	Below ₹3 Lakh	No tax bracket
5%	₹3-6 Lakh	Lower income bracket
10%	₹6-9 Lakh	Middle income bracket
15%	₹9-12 Lakh	Upper-middle bracket
20%	₹12-15 Lakh	Higher income bracket
30%	Above ₹15 Lakh	Highest tax bracket

Tax Savings Results

Annual Tax Saved (வருடாந்திர வரி சேமிப்பு)

Formula: Annual Deposit × Tax Rate

Example: ₹50,000 × 20% = ₹10,000 saved annually

Total Tax Saved (மொத்த வரி சேமிப்பு)

Formula: Annual Tax Saved × 15 years

Example: ₹10,000 × 15 = ₹1,50,000 total tax savings

Triple Tax Benefit Explained | மூன்று மடங்கு வரி நன்மை

Selva Magal Scheme offers EEE (Exempt-Exempt-Exempt) tax status:

1. Investment Exempt: Deposits qualify for deduction under Section 80C (up to ₹1.5 lakh)
2. Interest Exempt: All interest earned is completely tax-free
3. Maturity Exempt: The final maturity amount is 100% tax-free

This makes it one of the most tax-efficient investment options in India!

Goal-Based Calculator | இலக்கு அடிப்படை கணிப்பான்

Click on the “Goal-Based Calculator” (இலக்கு அடிப்படை கணிப்பான்) tab for reverse calculation.

How It Works

Instead of entering a deposit amount, you enter your target maturity amount, and the calculator tells you how much to invest.

Step-by-Step Usage

Step 1: Enter Target Amount

Type the amount you want at maturity:

• Example: ₹5,00,000 for higher education
• Example: ₹10,00,000 for marriage expenses
• Example: ₹25,00,000 for comprehensive future planning

Step 2: Click Calculate

Press the “Calculate Required Deposit” button.

Step 3: View Results

The calculator displays:

• Required Annual Deposit: How much to invest each year
• Required Monthly Deposit: The monthly equivalent for easier budgeting

Example Calculations

Target Amount	Required Annual Deposit	Required Monthly Deposit
₹5,00,000	~₹10,750	~₹896
₹10,00,000	~₹21,500	~₹1,792
₹25,00,000	~₹53,750	~₹4,479
₹50,00,000	~₹1,07,500	~₹8,958

Partial Withdrawal Feature | பகுதி திரும்பப்பெறுதல் அம்சம்

The calculator automatically shows your partial withdrawal options when your daughter turns 18.

Key Information

Balance at Age 18 (18 வயதில் இருப்பு)

Shows the accumulated balance when your daughter reaches 18 years of age.

Available for Withdrawal (திரும்பப்பெற கிடைக்கும்)

Displays 50% of the balance – the maximum amount you can withdraw at age 18.

Withdrawal Rules

• Maximum withdrawal: 50% of the balance at age 18
• Purpose: Higher education expenses
• Remaining balance: Continues to earn interest until maturity
• No penalty: This withdrawal is allowed without any charges

Example Scenario

If your daughter’s account shows ₹3,50,000 at age 18:

• Available for withdrawal: ₹1,75,000 (50%)
• Remaining in account: ₹1,75,000
• The remaining amount continues to earn 8.2% interest until age 21

Inflation-Adjusted Value | பணவீக்க சரிசெய்த மதிப்பு

This feature helps you understand the real purchasing power of your maturity amount.

How Inflation Adjustment Works

The calculator uses a 5% annual inflation rate to show:

Nominal Value (பெயரளவு மதிப்பு)

The actual rupee amount you’ll receive at maturity (e.g., ₹4,65,000)

Real Value (உண்மையான மதிப்பு)

What that amount would be worth in today’s money (e.g., ~₹1,67,000)

Why This Matters

Understanding inflation-adjusted values helps you:

• Set realistic expectations
• Plan additional investments if needed
• Compare with other investment options fairly

Formula Used

Real Value = Nominal Value ÷ (1 + Inflation Rate)^Years

Example: ₹4,65,000 ÷ (1.05)^21 = ~₹1,67,000

Scheme Comparison Table | திட்ட ஒப்பீட்டு அட்டவணை

Click on the “Scheme Comparison” (திட்ட ஒப்பீடு) tab to see how Selva Magal compares with other investment options.

Schemes Compared

Scheme	Interest Rate	Tax Status	21-Year Returns*
Selva Magal Scheme	8.2%	✅ Tax Free (EEE)	Highest
Sukanya Samriddhi (SSY)	8.2%	✅ Tax Free (EEE)	Equal
Bank Fixed Deposit	7.0%	❌ Taxable	Lower
PPF	7.1%	✅ Tax Free (EEE)	Lower
Savings Account	4.0%	❌ Taxable	Lowest

*Returns based on ₹10,000 annual deposit

Why Selva Magal Wins

• Highest interest rate among safe government schemes
• Complete tax exemption at all stages
• Government backing ensures 100% safety
• Designed specifically for girl child welfare

Eligibility Checklist | தகுதி சரிபார்ப்பு

Before opening a Selva Magal account, ensure you meet all eligibility criteria:

Account Holder Requirements

• ✅ Girl child only – scheme not available for boys
• ✅ Age below 10 years at the time of account opening
• ✅ Indian resident – NRIs are not eligible

Guardian Requirements

• ✅ Natural parent (father or mother) OR
• ✅ Legal guardian appointed by court
• ✅ Must have valid identity proof and address proof

Account Limits

• ✅ One account per girl child – no duplicate accounts allowed
• ✅ Maximum 2 accounts per family (for 2 daughters)
• ✅ Exception: Twins or triplets born in second birth can have third account

Required Documents

• 📄 Birth certificate of girl child
• 📄 Identity proof of guardian (Aadhaar/PAN/Passport)
• 📄 Address proof of guardian
• 📄 Passport size photographs

Share and Save Results | முடிவுகளைப் பகிரவும் சேமிக்கவும்

After calculating, you can share your results through multiple channels:

WhatsApp Sharing

Click the green WhatsApp button to share your calculation summary with family members or financial advisors.

Facebook Sharing

Click the blue Facebook button to share on your timeline and help others learn about this scheme.

Twitter Sharing

Click the Twitter button to tweet your investment plan.

Copy Results

Click “Copy” to copy the complete calculation summary to your clipboard. Paste it in:

• Notes app
• Email
• Word document
• Any messaging app

Print Results

Click “Print” to get a printer-friendly version of your calculation. Great for:

• Keeping physical records
• Showing to post office staff
• Discussing with family

Frequently Asked Questions | அடிக்கடி கேட்கப்படும் கேள்விகள்

Q1: What happens if I miss a year’s deposit?

Answer: If you fail to deposit the minimum ₹1,000 in any year, you’ll need to pay:

• ₹50 penalty per year of default
• Plus the minimum deposit amount

Q2: Can I close the account early?

Answer: Premature closure is allowed only in these cases:

• Death of the account holder (girl child)
• Life-threatening illness of the child
• Death of the guardian (with conditions)

Q3: What if my daughter gets married before 21?

Answer: The account can be closed at the time of marriage if the girl is above 18 years. Full maturity amount will be paid.

Q4: Can the interest rate change?

Answer: Yes, the interest rate is reviewed quarterly by the government. However, the rate applicable is the one declared at the beginning of each financial year.

Q5: Is there any lock-in period?

Answer: The account has a 21-year maturity period. However:

• Partial withdrawal (50%) allowed after girl turns 18
• Full withdrawal only at maturity or marriage (after 18)

Q6: Can grandparents open this account?

Answer: No, only natural parents or legal guardians can open the account. Grandparents would need legal guardianship to qualify.

Q7: Is this different from Sukanya Samriddhi Yojana (SSY)?

Answer: Selva Magal Scheme is the Tamil Nadu implementation of the central government’s Sukanya Samriddhi Yojana. The rules and benefits are essentially the same.

Tips for Maximum Benefits | அதிகபட்ச பலன்களுக்கான குறிப்புகள்

Tip 1: Start Early

Open the account when your daughter is as young as possible. A child enrolled at age 0 gets 21 full years of compound growth, while one enrolled at age 10 gets only 11 years before deposits stop.

Tip 2: Maximize Annual Deposits

If you can afford it, try to deposit the maximum ₹1,50,000 annually. This maximizes both:

• Section 80C tax benefits
• Compound interest earnings

Tip 3: Deposit Early in the Year

Make your annual deposit at the beginning of the financial year (April) rather than the end (March). This gives your money an extra year of compounding.

Tip 4: Consider SIP-Style Monthly Deposits

If a lump sum is difficult, make monthly deposits. Our calculator shows the monthly equivalent to help you plan.

Tip 5: Don’t Miss Payments

Set reminders to ensure you never miss the minimum annual deposit of ₹1,000. Missing payments leads to penalties and account complications.

Tip 6: Combine with Other Investments

While Selva Magal is excellent, consider diversifying with:

• Mutual funds for potentially higher returns
• Gold for asset diversification
• Education-specific funds

Contact and Support | தொடர்பு மற்றும் ஆதரவு

For questions about this calculator or suggestions for improvement, contact us at:

• Email: [email protected]
• Website: CoimbatoreJunction.in

For questions about the actual Selva Magal Scheme, visit your nearest:

• Post Office
• Authorized bank branch

Disclaimer | மறுப்பு

Important Notice: This calculator is provided for informational and educational purposes only. While we strive for accuracy:

• Interest rates may change as per government policy
• Actual returns may vary based on deposit timing and rate changes
• Always verify current rates with official sources before making decisions
• This calculator does not constitute financial advice

For official and up-to-date information, please visit the India Post website or consult with your local Post Office.

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