Sukanya Samriddhi Yojana (SSY) is one of the best savings schemes in India for the future of a girl child. It is a government-backed scheme started under the Beti Bachao, Beti Padhao initiative. The main purpose of this scheme is to help parents build a strong financial fund for their daughter’s education and marriage.
Because SSY gives very high interest, tax benefits, and guaranteed returns, it is one of the safest ways to save money for your child. Many people do not know that with regular investment, this scheme can create a huge amount of up to ₹72 lakh when the girl becomes 21 years old. Let us understand how this happens in simple words.
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana is a long-term savings scheme for girls below the age of 10 years. Parents or legal guardians can open an account in any
- Post Office
- Nationalized Bank
- or selected private banks
The scheme gives one of the highest interest rates among small savings schemes. In 2025, the interest rate is 8.2% per annum, but it changes slightly every year based on government rules.
Key Features of SSY (Simple Words)
1. High Interest Rate
SSY offers around 8% to 8.5% interest, which is higher than FD, RD, or other savings plans. This interest is compounded every year, which helps the money grow faster.
2. Guaranteed by the Government
Your money is 100% safe because the scheme is run by the Government of India.
3. Invest for 15 Years Only
You need to deposit money only for 15 years, but the account matures in 21 years.
That means your money grows for 6 extra years without any deposit.
4. Minimum and Maximum Deposit
- Minimum deposit: ₹250 per year
- Maximum deposit: ₹1.5 lakh per year
You can deposit any amount between these limits.
5. Tax-Free
SSY offers triple tax benefit (EEE):
- Your investment is tax-free
- Interest earned is tax-free
- Maturity money is also tax-free
This makes SSY one of the best tax-saving schemes.
How Can SSY Create ₹72 Lakh for Your Daughter?
Many people are surprised when they hear that SSY can generate up to ₹72 lakh. But it is true because of the high interest rate and compound growth.
Let us understand with a simple example.
Example: If You Deposit ₹1.5 Lakh Per Year
- Annual deposit: ₹1,50,000
- Deposit years: 15 years
- Total money invested: 1,50,000 × 15 = ₹22,50,000
- Interest rate: around 8.2%
By the time the scheme matures at year 21, your total amount becomes around ₹72 lakh.
This happens because your money keeps earning compound interest even after you stop depositing.
Calculation Breakdown (Simple Method)
Year 1–15: You invest money
Every year you deposit ₹1.5 lakh, and interest is added on the total balance.
Year 16–21: No deposit needed
Even without adding money, your previous balance keeps earning interest.
This interest grows the final amount to around ₹72 lakh.
What if You Cannot Deposit ₹1.5 Lakh?
Do not worry. Even smaller amounts can create a big fund.
If You Deposit ₹1,00,000 per year
Maturity amount will be around ₹48 lakh.
If You Deposit ₹50,000 per year
Maturity amount will be around ₹24 lakh.
If You Deposit ₹25,000 per year
Maturity amount will be around ₹12 lakh.
So you can choose the amount based on your income. The scheme works for everyone.
Who Can Open an SSY Account?
- Parents of a girl child
- Legal guardians
- The girl must be below 10 years of age
- Only two accounts allowed per family (for two daughters)
- If twins or triplets, special rules allow more accounts
How to Open an SSY Account? (Easy Steps)
1. Visit any Post Office or Bank
Take your documents and go to the nearest branch.
2. Fill SSY Account Form
The form is simple and available at the counter.
3. Submit Required Documents
You need:
- Girl’s birth certificate
- Parent/guardian ID proof
- Address proof
- Passport-size photos
4. Deposit the First Amount
Minimum ₹250 is enough to start the account.
5. Receive Your Passbook
This passbook helps track deposits and interest.
Rules of Sukanya Samriddhi Yojana (Simple)
Account matures after 21 years
Deposits allowed for 15 years
Partial withdrawal allowed after 18 years for education
Full amount can be withdrawn at 21 years
Interest continues even if deposit stops after 15 years
Why SSY Is the Best Plan for Your Daughter
High interest
Zero risk
Tax-free money
Helps in higher studies
Helps in marriage
Builds financial security for the girl
No other scheme gives so many benefits in one plan.
Conclusion
Sukanya Samriddhi Yojana is a powerful savings plan for building a bright future for your daughter. With regular deposits, this scheme can help create a huge corpus of ₹72 lakh, which can support her college education, marriage, or career dreams.
The best part is that the money is completely safe, tax-free, and guaranteed by the government. If you want to secure your daughter’s future with a simple and trusted plan, SSY is one of the best options.
