Have you ever thought how much money your daughter can get if you save just ₹1,000 every month? This small saving under the Sukanya Samriddhi Yojana, run by the Central Government, can be very helpful when your daughter grows up. The good news is that the government has not changed the interest rate of this scheme. A decision on this was made just a day ago.
The government has kept the interest rate fixed at 8.2%, which is very good. If you haven’t yet opened an account in your daughter’s name under this scheme, you should do it now. You will still get the benefit of the current interest rate.
You can start an account in Sukanya Samriddhi Yojana with just ₹250. In this scheme, you need to deposit money for 15 years, but you will get the full amount after 21 years. To know how to apply for the scheme and what the rules are, you can check the full details under ‘Sukanya Samriddhi Yojana’
₹250 Can Make Your Daughter a Lakhpati
The best part of Sukanya Samriddhi Yojana is that anyone—whether rich or poor—can open an account in their daughter’s name. You can start this scheme by saving just ₹250 every month. If you deposit ₹250 every month, your total deposit in 15 years will be ₹45,000. At the time of maturity, your daughter will get ₹1,38,653. Under this scheme, you can deposit up to ₹1.5 lakh per year.
How Much Will You Get If You Save ₹1,000 Monthly?
If you deposit ₹1,000 every month (₹12,000 per year), then in 15 years, you will deposit ₹1,80,000. You will earn ₹3,74,612 as interest. This means your daughter will get ₹5,54,612 after 21 years. A small saving of ₹1,000 each month can become a big support for your daughter’s future.
Estimated Returns Based on Monthly Deposit
| Monthly Deposit | Total Deposit (15 Years) | Interest Earned | Maturity Amount (21 Years) |
|---|---|---|---|
| ₹250 | ₹45,000 | ₹93,653 | ₹1,38,653 |
| ₹500 | ₹90,000 | ₹1,87,306 | ₹2,77,306 |
| ₹700 | ₹1,26,000 | ₹2,62,228 | ₹3,88,228 |
| ₹1,000 | ₹1,80,000 | ₹3,74,612 | ₹5,54,612 |
| ₹1,500 | ₹2,70,000 | ₹5,61,918 | ₹8,31,918 |
| ₹2,000 | ₹3,60,000 | ₹7,49,224 | ₹11,09,224 |
| ₹5,000 | ₹9,00,000 | ₹18,73,059 | ₹27,73,059 |
How to Calculate the Maturity Amount
You can use an online Sukanya Samriddhi calculator to know how much money you will get. Just enter the monthly deposit amount and click the submit button. You will get the full details of the deposit, interest, and maturity amount.
Can You Withdraw Money Before 21 Years?
Yes, you can withdraw money even before 21 years in special cases. If your daughter turns 18 years old, and she needs money for education or marriage, you can withdraw up to 50% of the total amount. But you must show the required documents for that. The rest of the money can be withdrawn after 21 years.