Sukanya Samriddhi Yojana: Every parent dreams of giving their daughter the best education and a secure future. But rising expenses for college, coaching, and even marriage often make this dream look heavy on the pocket. That’s why the government launched the Sukanya Samriddhi Yojana (SSY) a small saving scheme designed especially for the girl child. Now imagine if you deposit ₹35,000 every year in your daughter’s name, at maturity you will receive around ₹16,16,435. Let’s see how this magic of compounding works.
Current Interest Rate of Sukanya Samriddhi Yojana
At present, SSY is giving an annual interest rate of 8%, compounded yearly. The account remains active for 21 years, but you need to invest only for the first 15 years. The most attractive part? The maturity amount is completely tax-free.
Read more: SIP Investment: Just ₹4,000 Monthly Can Grow into ₹50 Lakh Full Calculation Inside
₹35,000 Annual Deposit Full Calculation
| Annual Deposit | Duration of Deposit | Interest Rate | Total Investment | Interest Earned | Maturity Value |
| ₹35,000 | 15 Years | 8% | ₹5,25,000 | ₹10,91,435 | ₹16,16,435 |
So, with just ₹5.25 lakh of your savings, you build a fund of ₹16.16 lakh. More than ₹10.9 lakh comes from interest alone and it’s all guaranteed by the government.
A Real-Life Example
Take Meera, a homemaker in Jaipur. When her daughter was born, she opened an SSY account and decided to save ₹35,000 every year. It wasn’t always easy, but she adjusted her yearly budget. Fifteen years later, her account grew into over ₹16 lakh. When her daughter turned 21, that money became the backbone for her higher education abroad. This is how a little discipline and consistency today can become a huge support tomorrow.
Read more: Deposit ₹50,000 for Children and Get ₹13,56,070 After Maturity? – Post Office PPF Scheme
Why Parents Prefer SSY
Apart from safety and high interest, SSY gives tax exemption under Section 80C. Both the investment and maturity amount are free from tax, which makes it one of the best government schemes for parents.
Conclusion
By saving just ₹35,000 every year in Sukanya Samriddhi Yojana, you will build a fund of ₹16,16,435 for your daughter. Your own investment is ₹5.25 lakh, while the rest is interest. For parents looking for safe, disciplined, and tax-free growth, this scheme is a blessing.
Disclaimer
This article is only for educational and general knowledge purposes. Sukanya Samriddhi Yojana interest rates are revised every quarter by the government. Please check the latest details at your nearest Post Office or authorized bank before investing.
