If you are planning for your daughter’s secure financial future, the Sukanya Samriddhi Yojana (SSY) is one of the most trusted and rewarding government-backed savings schemes in India. The plan not only offers a high interest rate but also comes with guaranteed returns and tax benefits.

Let’s understand how investing just ₹5,000 per month in this scheme can help you create a corpus of around ₹24–25 lakh at maturity, and how compound interest makes your money grow even after the investment period ends.

What Is Sukanya Samriddhi Yojana?

The Sukanya Samriddhi Yojana was launched by the Government of India under the Beti Bachao, Beti Padhao initiative to help parents build a strong financial base for their daughter’s future — be it for education, higher studies, or marriage.

A parent or legal guardian can open an SSY account in the name of a girl child below 10 years of age at any post office or authorized bank branch.

Key Features of Sukanya Samriddhi Yojana

• Eligibility: Only for girl children below 10 years of age.

• Minimum Deposit: ₹250 per year.

• Maximum Deposit: ₹1.5 lakh per financial year.

• Deposit Duration: 15 years from the date of account opening.

• Account Tenure: 21 years (interest continues to accrue even after deposits stop).

• Current Interest Rate: 8.2% per annum (compounded yearly).

• Tax Benefits: Investments qualify for deduction under Section 80C, and the maturity amount is 100% tax-free.

Monthly Investment of ₹5,000 — How Much Will You Get?

Now, let’s break down the returns from investing ₹5,000 every month in SSY.

If you deposit ₹5,000 per month, it means your annual investment is ₹60,000. You will contribute this amount for 15 years, while the account continues to earn interest until it completes 21 years.

Calculation at 8.2% Interest Rate:

That means by the end of 21 years, your total contribution of ₹9 lakh (₹5,000 × 12 months × 15 years) could grow to about ₹24–25 lakh, thanks to compound interest.

In simple terms, your savings more than double in value, and the returns remain risk-free and government guaranteed.

Why the Money Keeps Growing Even After 15 Years

You only need to make deposits for 15 years, but the account remains active for 21 years. During the last six years, no additional investment is needed — yet the existing balance continues to earn interest.

This compounding effect significantly boosts your total maturity amount, making SSY a smart long-term savings tool for your daughter’s future.

When and How Can You Withdraw the Money?

The maturity amount becomes payable after 21 years from the date of opening the account. However, parents can withdraw up to 50% of the balance once the girl turns 18 years old, provided the funds are used for education or marriage expenses.

The remaining amount continues to earn interest until the account completes its 21-year term.

Benefits of Investing in Sukanya Samriddhi Yojana

• Safe and Guaranteed Returns: Backed by the Government of India.

• Higher Interest Rate: Better than PPF, FDs, or savings accounts.

• Tax Savings: Enjoy triple tax exemption — on investment, interest, and maturity.

• Empowers Financial Planning: Helps parents prepare for their daughter’s major life goals without financial stress.

Final Thoughts

The Sukanya Samriddhi Yojana is one of the best long-term, low-risk investment options available today for parents of young daughters. By investing just ₹5,000 per month, you can create a secure corpus of ₹24–25 lakh to support her higher education or marriage.

With high interest, tax-free returns, and government assurance, SSY remains a gold-standard savings plan for securing your daughter’s future.