In 2025, Sukanya Samriddhi Yojana (SSY) was launched by the government of India under the Beti Bachao Beti Padhao campaign. The main objective of this scheme was to provide financial assistance to the girl. In this scheme both the investors (i.e. parents) and of course the girl child has monetary benefits. The current interest (Mar’24) is 8.2% which is highest compared to other government schemes.

Financial Benefits of Sukanya Samriddhi Yojana

(1) High return is the main financial benefit of SSY. Under Section 80C of the Income Tax Act, 1961; investing parents can save on income tax.

(2) The minimum deposit amount is Rs. 250 per year and the maximum amount that can be invested is Rs. 1,50,000 per year.

(3) The total investment period is 15 years.

(4) The account matures at 21 years.

(5) Partial withdrawal is possible for daughter’s education or wedding when the child turns 18 years of age.

Calculation of Investing Rs. 50,000 and Earning 22 Lakhs

If the girl child is 5 years old and investment in Sukanya Samriddhi Yojana is started in 2024. And parents/guardians invest Rs. 50,000 per year for 15 years i.e. till 2039 –

Total Investment (till 2039): Rs. 7,50,000 (50000*15)

Interest Earned: Rs. 14,94,845

Maturity Amount (in 2045 i.e. after 21 years): Rs. 7,50,000 (Investment Amount) + Rs. 14,94,845 (Interest Earned) = INR 22,44,845 (Total Maturity Amount which is Tax Free)

Important Notes:

Remember to make the minimum deposit amount by 31st March in each financial year. If this is not done, SSY account will be deactivated. However, it can still be reopened but this comes to penalty of Rs. 50. Therefore, it is required to deposit the amount before 01Apr each year.

Hi, I am Nikesh Mehta, owner and writer of this site. I’m an analytics professional and also love writing on finance and related industry. I’ve done online course in Financial Markets and Investment Strategy from Indian School of Business. I can be reached at [email protected].