Sukanya Samriddhi Yojana: For every parent, their daughter’s future is the most precious dream. From her education to marriage, expenses keep rising with time. In such a situation, saving regularly in a safe scheme becomes very important. The Sukanya Samriddhi Yojana (SSY), offered through the Post Office, is one of the most trusted government schemes designed especially for the girl child. Now imagine if you invest just ₹28,000 every year in this scheme, by the time it matures, you can create a fund of ₹12,93,148. Let’s understand how this works in simple words.
Current Interest Rate of Sukanya Samriddhi Yojana
The Sukanya Samriddhi Yojana is currently giving 8% per annum interest, compounded yearly. The lock-in is long 21 years from the date of opening the account but you only need to keep depositing for the first 15 years. The maturity amount is completely tax-free, making this scheme even more attractive.
Read more: Post Office FD Scheme: Save ₹3 Lakh and Receive ₹4,34,984 After Few Years
₹28,000 Annual Investment Full Calculation
| Annual Deposit | Duration of Deposit | Interest Rate | Total Investment | Interest Earned | Maturity Value |
| ₹28,000 | 15 Years | 8% | ₹4,20,000 | ₹8,73,148 | ₹12,93,148 |
So, in total, you invest ₹4.20 lakh. Over the years, the scheme adds more than ₹8.73 lakh as interest, and finally, you get ₹12.93 lakh at maturity. That’s nearly three times your investment, all tax-free.
Real-Life Example
Think of Ramesh, a small shop owner. When his daughter was born, he opened an SSY account and decided to deposit ₹28,000 every year about the same as what he spent on one family function. At first, it felt like a burden, but slowly it became a habit. After 21 years, when his daughter was ready for higher education, he had over ₹12 lakh waiting for her. That fund became the biggest support in fulfilling her dreams. This is the power of long-term saving small sacrifices today, but a huge gift tomorrow.
Read more: Save ₹12,000 Today for Your Kids, Earn ₹8.56 Lakh in Just 5 Years
Benefits of Sukanya Samriddhi Yojana
Apart from safety and high returns, SSY offers tax benefits. Whatever you invest here (up to ₹1.5 lakh a year) is exempt under Section 80C, and the maturity amount is also tax-free. No other small saving scheme gives this triple benefit safe, high return, and tax-free.
Conclusion
If you invest ₹28,000 every year in Sukanya Samriddhi Yojana, you will put in a total of ₹4.20 lakh, and at maturity, you’ll receive about ₹12,93,148. For parents who want to secure their daughter’s education and marriage, this scheme is one of the best choices.
Disclaimer
This article is only for educational and general knowledge purposes. Interest rates in Sukanya Samriddhi Yojana are revised by the government from time to time. Please check the latest details at your nearest Post Office or authorized bank before investing.
