New Delhi | May 21, 2025 – When it comes to securing your daughter’s financial future, the Sukanya Samriddhi Yojana (SSY) stands out as one of the most reliable and rewarding schemes offered by the Government of India. Designed exclusively for the benefit of girl children, this long-term savings plan provides attractive returns, tax benefits, and peace of mind for parents planning ahead.
Let’s explore how a simple monthly investment of ₹5,000 in this scheme can potentially grow into a substantial corpus of nearly ₹28 lakh by the time of maturity.
Launched under the ‘Beti Bachao, Beti Padhao’ initiative, Sukanya Samriddhi Yojana is a government-backed small savings scheme targeted at parents of girl children. The account can be opened in the name of a girl child below the age of 10 years at any post office or designated bank branch.
For the current financial quarter, SSY is offering an attractive interest rate of 8.2% per annum, compounded annually.
If you deposit ₹5,000 per month (equivalent to about ₹167 per day), here’s how your investment will grow:
Annual Investment: ₹60,000
Investment Period: 15 years
Total Investment Over 15 Years: ₹9,00,000
Interest Earned (at 8.2% p.a.): ₹18,73,059
Maturity Amount After 21 Years: ₹27,73,059 (approximately ₹28 lakh)
While deposits are made for only the first 15 years, the account continues to earn interest for the full 21-year term, allowing the power of compound interest to significantly increase the final amount.
For those looking to maximize their returns, SSY allows a maximum yearly investment of ₹1.5 lakh (or ₹12,500 per month). Under this plan:
Total Investment in 15 Years: ₹22,50,000
Interest Accrued: ₹46,77,578
Maturity Value After 21 Years: ₹69,27,578
This means you can accumulate nearly ₹70 lakh by consistently investing the maximum limit, creating a robust financial backup for your daughter’s higher education or marriage.
One of the most attractive features of the Sukanya Samriddhi Yojana is its EEE (Exempt-Exempt-Exempt) tax status:
Investment Exemption: Up to ₹1.5 lakh per annum is eligible for deduction under Section 80C of the Income Tax Act.
Interest Exemption: The interest earned is completely tax-free.
Maturity Exemption: The final maturity amount is also not taxable, making this a rare investment option with such comprehensive tax benefits.
Government-backed security
High fixed interest rate compared to many other savings instruments
Encourages disciplined long-term savings
Ideal for planning education and marriage expenses of your daughter
Easy to open and operate through post offices and authorized banks
In an era where financial planning is crucial, the Sukanya Samriddhi Yojana offers an excellent combination of security, guaranteed returns, and tax savings. With just ₹5,000 per month, parents can secure a financial cushion of ₹28 lakh for their daughter by the time she turns 21.
This scheme not only promotes savings but also strengthens the commitment to empowering the girl child in India. If you’re a parent of a young daughter, now is the best time to take advantage of this scheme and give her a financially strong start in life.
