Sukanya Samriddhi Yojana: The Central Government runs numerous welfare schemes to secure the future of daughters, and the Sukanya Samriddhi Yojana is one of them. If you are the father of a daughter, this scheme can help strengthen her financial future. By investing in this scheme, you can accumulate funds to cover expenses related to your daughter’s education and marriage.

The SSY scheme is specifically designed for daughters. Currently, it offers an interest rate of 8.2%. If you deposit ₹1.5 lakh annually in your daughter’s name, you can accumulate a fund of up to ₹72 lakh. In this article, we explore how to accumulate this amount and the timeframe required, while also understanding the detailed calculations involved.

How ​​to Build a Fund of ₹72 Lakh

You can invest up to ₹1.5 lakh annually in the Sukanya Samriddhi Yojana. It currently offers an interest rate of 8.2%. The investment tenure for this scheme is 15 years. Over these 15 years, the total deposited amount will be ₹22.5 lakh. You will earn ₹4,932,119 in interest on this deposit. The scheme has a maturity period of 21 years; upon maturity, the total amount received will be ₹71,82,119.

Start Investing with Just ₹250

A key feature of the SSY scheme is that you can start investing in your daughter’s name with as little as ₹250. You can increase your investment amount as your income grows. The scheme offers maximum benefits through the power of compound interest—meaning you earn interest on the interest itself. This results in higher returns over time.

Government Guarantee on Investment

There is no risk involved in investing in the SSY scheme, as it is government-backed; additionally, it offers tax-related benefits. Investors can avail of tax benefits of up to ₹1.5 lakh. The scheme also yields returns in the form of interest income. Both the maturity proceeds and the interest income earned are tax-free.

Premature Withdrawal Facility

Under the SSY scheme, funds can be withdrawn for the daughter’s education once she attains the age of 18. At this stage, the investor can withdraw up to 50% of the accumulated amount. Availing of this facility reduces the investment corpus for the remaining tenure. The scheme also allows for the account to be closed upon the daughter’s marriage after she turns 18.