Sukanya Samriddhi Yojana (SSY) is one of the most rewarding savings schemes launched under the Government of India’s Beti Bachao Beti Padhao initiative. It allows parents and guardians to invest small amounts regularly and create a significant financial cushion for their daughter’s education, marriage, or other future needs. With the latest interest rate of 8.2 percent for the July–September 2025 quarter, the scheme continues to be one of the most reliable long-term investment options.
Sukanya Samriddhi Yojana Interest Calculation
The returns in SSY can be estimated with the help of a Sukanya Samriddhi Yojana calculator. For instance, if you contribute Rs 1000 every month for 15 years, you would invest a total of Rs 1.8 lakh. At maturity after 21 years (including the 6-year extension period), the total maturity value becomes approximately Rs 5.4 lakh, thanks to compounding interest and tax-free returns.
Eligibility Conditions
- Parents or guardians can open an SSY account if their daughter is below 10 years of age.
- A maximum of two accounts can be opened per family, one for each girl child.
- Accounts cannot be opened for a third girl child except in specific cases of twin or triplet births.
- Deposits are allowed for 15 years, after which the account earns interest for the remaining 6 years without further contributions.
Contribution Rules and Benefits
- Minimum yearly investment: Rs 1000
- Maximum yearly investment: Rs 1.5 lakh
- Tax benefits available under Section 80C of the Income Tax Act
- Interest earned is completely tax-free
- Passbook is provided to every account holder
- If the minimum deposit is not made in a financial year, a penalty of Rs 50 is charged
Withdrawal and Maturity Provisions
Partial withdrawals are allowed after the girl turns 18 years of age for higher education or marriage expenses. If the account holder gets married before the completion of 21 years, the account must be closed.
Duration of Contribution
Investors need to contribute for 15 years from the date of account opening. After this, the account remains active and continues to earn interest for 6 more years, making the total term 21 years.
How to Maximize Returns
Depositing the yearly contribution at the start of the financial year (preferably between 1st and 5th April) ensures higher monthly interest accumulation. This simple step can help maximize the total maturity amount.
Sukanya Samriddhi Yojana Example Calculation
Let’s consider an example where Rs 1000 is deposited every month for 15 years. Over time, the power of compounding significantly increases the corpus value.
Sukanya Samriddhi Yojana Returns Table
| Particulars | Details |
|---|---|
| Monthly Contribution | Rs 1000 |
| Annual Contribution | Rs 12,000 |
| Total Contribution (15 years) | Rs 1,80,000 |
| Maturity Period | 21 years |
| Applicable Interest Rate | 8.2% (July–Sept 2025) |
| Approximate Maturity Value | Rs 5,40,000 |
Final Verdict
Sukanya Samriddhi Yojana is an excellent savings tool for parents who want to build a strong financial future for their daughters without taking market risks. With its attractive interest rates, tax-free benefits, and government guarantee, even small monthly deposits can grow into a sizeable amount. Regular savings and timely contributions can make this scheme one of the best long-term investments for families across India.
Disclaimer
The figures and maturity calculations mentioned in this article are based on current interest rates and assumed projections. Actual maturity values may vary as the Government of India revises SSY interest rates every quarter. Investors are advised to check the latest notifications before making any investment decisions.
