Sukanya Samriddhi Yojana: Every parent wants to give their daughter the wings to fly high, but wings need a strong base to take off. Education, career, and even marriage all of these come with financial responsibilities. That’s why the government introduced the Sukanya Samriddhi Yojana (SSY), a scheme that feels less like an investment and more like a promise parents make to their child. Now imagine this: by saving ₹38,000 every year, you can create a maturity fund of nearly ₹17,54,986 for your daughter. Let’s understand how this works step by step.
How Sukanya Samriddhi Yojana Works
The scheme can be opened in the name of a girl child before she turns 10. You can deposit money for 15 years, but the account runs for 21 years. This means even after you stop depositing, the money continues to earn interest until maturity. Currently, from 1st October, the government has kept the interest rate at 8.2% per annum (compounded yearly). The best part? The entire maturity amount, including interest, is 100% tax-free.
Read more: PNB FD Scheme: Invest ₹5 Lakh in FD and Get ₹6.81 Lakh After Maturity
Calculation of ₹38,000 in SSY
| Yearly Deposit | Deposit Period | Interest Rate | Total Deposit | Maturity Value |
|---|---|---|---|---|
| ₹38,000 | 15 Years | 8.2% (Compounded Yearly) | ₹5,70,000 | ₹17,54,986 |
So, while you actually save just ₹5.7 lakh, your daughter will receive nearly ₹17.55 lakh at maturity — more than three times the investment.
Why Parents Prefer Sukanya Yojana
The scheme is not just about numbers, it’s about emotions. Parents know that when their daughter grows up, this money will be there as a safety net. Whether she dreams of becoming a doctor, pursuing higher education abroad, or simply having financial security for her marriage, SSY ensures that she won’t have to compromise. Think of it like writing a love letter to your daughter in the form of money a letter that will open 21 years later with not just your savings, but also the government’s reward for your patience.
Conclusion
Sukanya Samriddhi Yojana is more than an investment; it’s a long-term gift of love and security for your daughter. By saving just ₹38,000 every year, you can build a guaranteed, tax-free fund of over ₹17.54 lakh. For parents who want both safety and meaningful growth, this scheme is one of the most beautiful choices.
Disclaimer
This article is only for educational and general knowledge purposes. Interest rates in Sukanya Samriddhi Yojana may change as per government notifications. Please verify the latest details from official India Post or bank sources, or consult a financial advisor before investing.
