A government scheme that can offer a profit of Rs 72 lakh after maturity. This scheme can be opened through post offices or banks. However, this scheme is not open to everyone. It can be opened only in the name of a girl. Sukanya Samriddhi Yojana (SSY), which can provide a large amount of money with low investment and minimal risk.
Sukanya Samriddhi Yojana (SSY) is one of the most attractive small savings schemes. It is basically made by the post office for girls. Among all the post office schemes, SSY offers the highest compound interest rate of 8.2%. That’s why People call this scheme a ‘money-machine’ unit. The interest increases quarterly at a compound rate and is 8.2% for the October-December 2025 quarter.
More than 4 crore accounts
Prime Minister Narendra Modi recently announced that the number of Sukanya Samriddhi Yojana accounts has now crossed 4 crore. More than Rs 3.25 lakh crore has been deposited so far. If parents invest a maximum of Rs 1.5 lakh annually, their daughter can accumulate a lot of money in SSY by the time she turns 21. Alternatively, if they deposit Rs 12,500 every month, they can get a lot of money.
How much can you deposit each month in this scheme?
With the Sukanya Samriddhi Yojana, you can put in as little as Rs 250 a year, and up to Rs 1.5 lakh in a financial year. You can pay the full amount all at once, break it up into several instalments, or just deposit every month—whatever works for you. You keep making deposits for 15 years, and the account matures when your daughter turns 21 (counted from the day you opened the account).
What about tax benefits?
Money you put into a Sukanya Samriddhi Account qualifies for a tax deduction under Section 80C of the Income Tax Act, 1961. But there’s a catch: only people who follow the old tax regime can claim this benefit. The good news is, whatever you earn from this scheme is completely tax-free.
How much do you get at maturity?
Let’s say you start investing Rs 1.5 lakh a year from the day your daughter is born. By the time she turns 21, you’ll have put in Rs 22,50,000 over 15 years. At the current interest rate of 8.2%, your money grows to about Rs 71,82,119. That’s Rs 49,32,119 earned as interest. So, by maturity, you’re looking at nearly Rs 72 lakh—enough to really help with her future.
