Each parent has in mind a bright and secure future for their girl. Whether for her higher education or a grand wedding, financial planning has to enter into the equation. The Sukanya Samriddhi Account (SSY) is a government-run savings scheme to enable parents to build up a substantial corpus in small disciplined investments.
Why Go For Sukanya Samriddhi Yojana?
Launched by the Government of India, this scheme aims to empower the girl child by providing her with a higher rate of returns, tax benefits, and long-term financial security. The entry can be left as low as ₹250 per month, allowing small amounts of savings to accumulate into big funds over time.
Benefits of Sukanya Samriddhi Yojana
- Fully safe & Government-Backed – Your investment is secured under sovereign guarantee.
- Attractive Interest Rates- Higher Return as compared to other savings schemes.
- Tax-Free Gains — Tax deductions under Section 80C and tax-free maturity are available.
- Long-Term Thing — Lock-in period of 21 years assures substantial wealth accumulation.
How Much Will Your Investment Grow?
One of the biggest advantages of SSY is that even small monthly contributions can lead to impressive returns. Here’s how your money multiplies over time:
1. Investing ₹250 Monthly (₹3,000 Annually)
- Total Investment in 15 Years: ₹45,000
- Estimated Interest Earned: ₹93,551
- Maturity Value: ₹1,38,551
2. Investing ₹400 Monthly (₹4,800 Annually)
- Total Investment in 15 Years: ₹72,000
- Estimated Interest Earned: ₹1,49,682
- Maturity Value: ₹2,21,682
3. Investing ₹600 Monthly (₹7,200 Annually)
- Total Investment in 15 Years: ₹1,08,000
- Estimated Interest Earned: ₹2,24,523
- Maturity Value: ₹3,32,523
Who Is Eligible to Open an SSY Account?
- Account can be opened by parents or guardians for a girl child below 10 years of age.
- In a family, a maximum of two accounts will be maintained (for two daughters).
- The period of maturity of accounts is 21 years from the date of opening, but they can be closed prematurely if the marriage takes place after 18 years.
Sukanya Samriddhi Yojana interest Rate 2025
Latest SSY Interest Rate for FY 2025-26: Great news for parents and guardians! The Sukanya Samriddhi Yojana interest rate for the first quarter of FY 2025-26 has been set at an attractive 8.2% per annum, with annual compounding. This makes SSY one of the most lucrative and safe investment options for securing a girl child’s future.
Additional Facilities Under SSY
- Flexibility in Deposits – One may deposit any amount between ₹250 to ₹1.5 lakh per annum.
- Partial Withdrawal for Education – After the girl turns 18, half of the amount can be withdrawn for higher education.
- Competitive Rate of Interest – Trials show it may now offer better returns than most fixed deposits and the PPF.