The Central Government’s Sukanya Samriddhi Account (SSA) scheme, known as the Sukanya Samriddhi Yojana (SSY), remains the most attractive option among small savings schemes for parents. Launched under the “Beti Bachao Beti Padhao” campaign, this innovative scheme ensures long-term financial security for daughters. With a high annual interest rate of 8.2% for the October-December 2025 quarter, it is one of the highest-yielding post office schemes.
A massive deposit of ₹3.25 crore
Prime Minister Narendra Modi recently announced that the number of Sukanya Samriddhi Yojana accounts across the country has crossed the 4 crore mark, with total deposits exceeding ₹3.25 crore. This figure is a testament to the fact that people consider SSY as the safest investment for their daughters’ education and marriage expenses. Under this scheme, parents or guardians open an account in the name of the girl child, and upon maturity, the entire amount can be spent on her education or marriage.
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Tax-Free Earnings and Maturity in 21 Years
The government reviews the interest rate on this scheme quarterly, and the current rate is 8.2%. The biggest feature of SSY is that the interest earned is completely tax-free, and taxpayers under the old tax regime also receive tax benefits of up to ₹1.5 lakh under Section 80C.
The minimum annual deposit amount in this scheme is ₹250, while the maximum deposit amount can be up to ₹1.50 lakh. The deposit period is 15 years, and the account matures in 21 years. Interest continues to accrue even if no deposits are made during the last six years.
How will a daughter receive ₹71.82 lakh
If parents deposit ₹1.50 lakh annually in SSY from the time their daughter is born, the total deposit will reach ₹22.50 lakh in 15 years. Calculated at the current interest rate of 8.2%, the interest on this deposit will add up to approximately ₹49.32 lakh.
Thus, at the age of 21, the girl will receive a total sum of approximately ₹71,82,119 upon maturity. This scheme is considered an easy way to build a substantial corpus with low risk, offering guaranteed returns, tax benefits, and government protection.
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