Sukanya Samriddhi Yojana (SSY) is one of the most trusted savings schemes for a girl child in India. If you are a parent planning your daughter’s future, then this small monthly investment can build a large fund by the time she turns 21. The central government backs the scheme and gives one of the highest interest rates among small savings schemes. It also comes with tax benefits and a safe maturity structure.
Here, we explain how much total fund you can get from SSY based on your monthly investment using a simple calculator.
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana is a long-term savings scheme for the girl child. The account can be opened in any post office or authorised banks in India in the name of a girl below 10 years of age. You can deposit minimum Rs. 250 and maximum Rs. 1.5 lakh in one financial year. The investment is allowed for 15 years but the scheme matures in 21 years. Interest is compounded annually and added to the account balance till maturity.
How SSY Helps Build a Big Corpus
In this scheme, if you invest monthly, your savings grow due to the power of compounding. Also, from the 15th year to the 21st year, you don’t need to invest anything but your fund keeps growing with interest.
As of now, the interest rate is 8.2% per annum for April to June 2025, as declared by the government.
Sukanya Calculator: How Much You Get on Rs. 6,000 Monthly Investment
Let’s say you invest Rs. 6,000 every month in your daughter’s Sukanya account.
- Monthly Investment: Rs. 6,000
- Yearly Investment: Rs. 72,000
- Total Investment for 15 years: Rs. 10,80,000
- Maturity Value after 21 years: Rs. 33,27,671
- Total Interest Earned: Rs. 22,47,671
You can see that your Rs. 10.8 lakh investment can grow into Rs. 33.27 lakh after 21 years. This is possible because of the fixed 8.2% annual interest and the extra 6 years where no investment is required but interest is added.
Sukanya Calculator: What You Get on Rs. 12,500 Monthly Investment
Now take the case where you invest the maximum allowed limit, which is Rs. 1.5 lakh per year, or Rs. 12,500 per month.
- Monthly Investment: Rs. 12,500
- Yearly Investment: Rs. 1,50,000
- Total Investment for 15 years: Rs. 22,50,000
- Maturity Value after 21 years: Rs. 69,27,578
- Total Interest Earned: Rs. 46,77,578
Here, your Rs. 22.5 lakh investment can become over Rs. 69.27 lakh. This is a huge return without any market risk, and your money is fully protected under the government-backed scheme.
Key Benefits of SSY Scheme
1. Safe and Government Guaranteed
This is a government savings scheme, so your money is safe. It is not affected by market ups and downs.
2. High Interest Rate
The current rate of 8.2% is higher than most fixed deposits, recurring deposits, and even some mutual funds.
3. Tax Benefits
You get tax exemption under Section 80C of the Income Tax Act, 1961 on investment up to Rs. 1.5 lakh per year.
Also, the interest earned and maturity amount are fully tax-free, making it an EEE (Exempt-Exempt-Exempt) investment.
4. Limited Investment Period
You only have to invest for 15 years. After that, the money keeps earning interest till 21 years without any new deposits.
5. Supports Girl Child’s Future
This scheme ensures that when your daughter turns 21, she has a large fund for higher education or marriage expenses.
Who Can Open SSY Account?
- Parents or legal guardians of a girl child below 10 years
- Maximum 2 accounts per family (1 for each daughter)
- In case of twins or triplets, more than 2 accounts can be allowed with valid proof
Minimum and Maximum Investment Limits
- Minimum deposit: Rs. 250 per year
- Maximum deposit: Rs. 1,50,000 per year
- Investments can be made monthly or yearly
How the Sukanya Calculator Works
You can use the compound interest formula to calculate the maturity amount:
A = P (1 + r/n) ^ nt
Where:
- A is the maturity amount
- P is the total investment
- r is the annual interest rate (8.2% or 0.082)
- n is the number of times interest is compounded in a year (once, so n = 1)
- t is the number of years
In SSY, even though you deposit for 15 years, the total maturity happens after 21 years. So, the interest is calculated and compounded for the full 21 years.
Example: How Interest Grows in 21 Years
If you invest Rs. 1.5 lakh per year for 15 years, you invest a total of Rs. 22.5 lakh. The fund grows due to interest for the remaining 6 years without new deposits. So, the compound growth leads to Rs. 69.27 lakh at maturity.
This growth is possible only because the interest rate remains fixed and compounded over a long period.
Things to Remember
- You cannot withdraw the amount before maturity, except under special conditions.
- Partial withdrawal is allowed after your daughter turns 18 and only for education or marriage.
- You should make regular deposits for 15 years to keep the account active.
- You must open the account before the girl child turns 10 years old.
Why SSY is Better Than Other Saving Options
| Feature | Sukanya Yojana | Bank FD | PPF | Mutual Fund (Low Risk) |
| Interest Rate | 8.2% (fixed) | 6–7% | 7.1% | 8–10% (market-based) |
| Investment Period | 15 years | 5 years | 15 years | Flexible |
| Tax Exemption | Full (EEE) | Partial | Full | Partially taxable |
| Risk | None | Low | Low | Moderate |
| Government Backed | Yes | Yes | Yes | No |
Final Tip for Parents
If you start investing Rs. 12,500 per month when your daughter is born, she will have over Rs. 69 lakh when she turns 21. This can be a strong financial start for her future dreams. Sukanya Yojana is not only a financial plan but also a gift of security and opportunity for your child.
Disclaimer: Interest rates are subject to change as per government notifications. Please consult your bank or financial advisor before investing.
Source: Financial Express
