The one central government’s Sukanya Samriddhi Yojana (SSY) is a safe and secure way to ensure the future of a girl child. You can only open an account in the name of a girl child who is less than 10 years old. The minimum investment is ₹250, while the maximum investment is ₹1.5 lakh per year. An investment is required for a period of 15 years, and the account is valid for a maximum of 21 years. The current interest rate is 8.2% per annum (per annum – every 12 months). The scheme is also eligible for tax deduction, where the interest objective after maturity value is tax-free.

The Maturity Amount for a Monthly Investment of ₹5,000, were you to invest ₹5,000 monthly in Sukanya Samriddhi Yojana, the full amount of annual investment would be ₹60,000. After 21 years, at 8% per annum (per annum – every 12 months), this is the amount you would have.

Estimated Returns in Sukanya Samriddhi Yojana

If a parent deposits ₹5,000 every month, the total annual investment will be ₹60,000. After 1 year, the balance will be around ₹64,800. After 5 years, it will be ₹3,60,000. After 10 years, the balance will be ₹8,75,000. After 15 years, it will grow to ₹19,80,000. After 18 years, the balance will be ₹22,50,000, and after 21 years, it will reach about ₹24,50,000.

If a parent deposits ₹5,000 every month for 15 years, the total investment will be ₹9 lakh. Assuming an interest rate of 8.2% per year, the maturity amount with compound interest will be around ₹24-25 lakh. This means more than two and a half times the deposited money will come back.

It is important to know that the investment period in SSY is only 15 years. From the 16th year to the 21st year, no new deposit is needed. The interest will still grow on the earlier deposits. This helps the total balance reach ₹24.5 lakh at maturity.

Maturity Amount for Different Monthly Investments

If someone invests less, the balance will also be lower.

  • ₹1,000 per month → Total investment ₹1,80,000 → Maturity ₹4.8-5 lakh
  • ₹2,000 per month → Total investment ₹3,60,000 → Maturity ₹9.6-10 lakh
  • ₹3,000 per month → Total investment ₹5,40,000 → Maturity ₹14.5-15 lakh
  • ₹4,000 per month → Total investment ₹7,20,000 → Maturity ₹19-20 lakh
  • ₹5,000 per month → Total investment ₹9,00,000 → Maturity ₹24-25 lakh