The Indian government's Sukanya Samriddhi Yojana (SSY) is a popular scheme designed to secure the future of girl children. While the interest rate has recently decreased to 8.2%, the long-term benefits of SSY make it a valuable investment option.
Here's how investing ₹4,000 per month in SSY can grow to a substantial ₹25 lakhs for your daughter:
Sukanya Samriddhi YojanaCalculation
Parameter
Value
Investment per month
₹4,000
Investment period (years)
20
Total investment
₹960,000
Annual interest rate
8.2%
Interest earned
₹1,574,400 (approximately)
Total amount (investment + interest)
₹2,534,400
Key Points
Open an SSY account before your daughter turns 10.
The account matures after 21 years, but partial withdrawals for education or marriage are allowed after 18 years.
This calculation assumes the current 8.2% interest rate remains stable, but it can fluctuate.
Benefits of SSY
High interest rate compared to other savings schemes.
Tax benefits on investment and interest income.
Secure investment for your daughter's future needs.
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