How Can Sukanya Samriddhi Yojana Help Build ₹70 Lakh for Your Daughter’s Future?
The Sukanya Samriddhi Yojana (SSY) is one of India’s most rewarding government-backed small savings schemes, designed exclusively for the girl child. With a current interest rate of 8.2% per annum and attractive tax benefits under Section 80C, SSY helps parents systematically build a sizable corpus that can reach nearly ₹70 lakh by the time the account matures. It combines safety, guaranteed returns, and disciplined long-term investing.
Launched under the “Beti Bachao, Beti Padhao” initiative, SSY encourages families to secure their daughters’ future education and marriage expenses. It remains one of the very few small savings schemes offering an Exempt–Exempt–Exempt (EEE) tax status, meaning deposits, interest earned, and maturity proceeds are all tax-free.
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Key Features of Sukanya Samriddhi Yojana (SSY)
| Feature | Details | Notes |
|---|---|---|
| Eligibility | Girl child below 10 years | One account per girl, up to 2 daughters per family |
| Minimum Deposit | ₹250 per year | Affordable for all income levels |
| Maximum Deposit | ₹1.5 lakh per year | Qualifies fully for Section 80C exemption |
| Interest Rate (as of Oct 2025) | 8.2% p.a. | Compounded annually, government revised quarterly |
| Maturity | 21 years from account opening | Can be closed earlier for marriage (after 18 years) |
| Tax Benefits | EEE (Deposit, Interest, Maturity exempt) | Full tax exemption under Section 80C |
How ₹70 Lakh Accumulates Under SSY
Many investors underestimate the power of compounding in small savings schemes. Let’s break down how an annual investment of ₹1.5 lakh at 8.2% can grow over time under SSY’s structure.
| Investment Period | Total Deposit (₹) | Maturity Value (Approx.) |
|---|---|---|
| 15 Years (deposit duration) | 22,50,000 | ≈ 69,90,000 |
| 21 Years (including maturity) | No further deposit after 15 years | ≈ 70,00,000+ |
Note: Calculation assumes no withdrawals and a consistent 8.2% rate.
Eligibility and Account Operation Simplified
Parents or legal guardians can open an SSY account for a girl child below 10 years of age in any post office or authorized bank. Deposits can be made monthly, quarterly, or annually through cash, cheque, or online transfer. The account remains operative for 21 years or until the girl’s marriage after 18 years.
Partial withdrawals up to 50% of the balance are allowed for education purposes once the girl turns 18. This flexibility makes SSY a powerful mix of long-term security and short-term liquidity.
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Why SSY Outperforms Other Savings Options
Compared to bank fixed deposits or recurring deposits, Sukanya Samriddhi Yojana offers a superior risk-free return and tax advantage. The below table compares SSY with popular alternatives:
| Scheme | Interest Rate (Oct 2025) | Tax Treatment |
|---|---|---|
| Sukanya Samriddhi Yojana | 8.2% | EEE – Fully tax-free |
| Public Provident Fund (PPF) | 7.1% | EEE – Fully tax-free |
| National Savings Certificate (NSC) | 7.7% | Interest taxable |
| Bank Fixed Deposit (5-year) | 6.8%–7.2% | Interest taxable |
Why Every Parent Should Consider SSY
The SSY account not only offers excellent returns but also instills financial discipline. The minimum deposit of ₹250 ensures inclusivity, while the long tenure encourages parents to think long-term. For middle-income families, it is a near-perfect blend of safety, tax savings, and capital growth.
Investor Takeaway
Indian-Share-Tips.com Nifty Expert Gulshan Khera, CFP®, who is also a SEBI Regd Investment Adviser, recommends Sukanya Samriddhi Yojana as one of the best long-term instruments for financial planning for a girl child. The power of compounding combined with 8.2% guaranteed returns and tax-free maturity makes it unmatched in its category.
Discover more insights on financial security, tax-saving tools, and disciplined investment planning at Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
Related Queries on Small Savings and SSY
- How Much Can You Save Through Sukanya Samriddhi Yojana?
- What Makes SSY Better Than Fixed Deposits for Children?
- How to Open and Operate an SSY Account at a Post Office or Bank?
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
