Parents across India are increasingly looking for safe investment options to secure their daughters’ future—whether for education, career, or marriage expenses. In line with the ‘Beti Bachao, Beti Padhao’ initiative, the government launched the Sukanya Samriddhi Yojana (SSY), which has since become one of the most trusted savings schemes in the country.

Over 4 crore SSY accounts have been opened nationwide, with total deposits crossing ₹3.25 lakh crore, reflecting the public’s trust in the scheme. Its low investment requirement, guaranteed returns, and tax benefits make SSY a preferred choice for Indian families.

How ₹22.5 Lakh Grows to ₹72 Lakh in Just 15 Years

The key advantage of SSY is compound interest, which multiplies the invested amount over time. If parents deposit ₹1.5 lakh annually, the total investment over 15 years amounts to only ₹22.5 lakh.

At maturity, this investment can grow to approximately ₹72 lakh, giving a profit of nearly ₹49 lakh purely from interest. Unlike market-linked schemes, SSY returns are stable and unaffected by market fluctuations.

Current Interest Rate and Calculation

• Interest Rate: 8.2% per annum (as of now)

• Interest is calculated monthly on the minimum balance and credited annually.

• Even after the 15-year deposit period, the account continues to earn interest for another 6 years, as the total account tenure is 21 years, further increasing returns.

Investment Limits

• Minimum Annual Deposit: ₹250

• Maximum Annual Deposit: ₹1.5 lakh

• Deposits can be made in one installment or multiple installments.

Eligibility to Open an SSY Account

• Accounts can be opened for a daughter from birth up to 10 years of age.

• A family can open two accounts for two daughters; for twins, three accounts are allowed.

• The account is always in the name of the daughter, managed by the parent or guardian.

Tax Benefits: Fully Tax-Free Scheme

SSY is classified under the EEE (Exempt-Exempt-Exempt) category:

1. Investment is tax-deductible under Section 80C

2. Interest earned is tax-free

3. Maturity amount is tax-free

This makes it one of the most reliable government-backed savings schemes for securing a daughter’s future.

Why SSY is a Safe and Beneficial Choice for Daughters

• 100% government-backed guarantee

• Returns are protected from market fluctuations

• Compound interest grows small investments into a large corpus

• Suitable for all income groups, starting with as little as ₹250 annually

With its low risk, guaranteed growth, and full tax benefits, SSY ensures parents can build a substantial fund for their daughter’s education and marriage with minimal effort.