Sukanya Samriddhi Yojana (SSY): Every parent wants their daughter to have a good education and a secure future.
But with the rising costs of college fees, coaching classes, and wedding expenses, this dream can feel out of reach.
To help with this, the government started the Sukanya Samriddhi Yojana, a savings scheme made especially for girls. It is a completely safe investment option.
Earn 8% Interest – Plus Tax-Free Returns
At present, the scheme offers 8% annual interest, which is compounded yearly, helping the amount grow faster.
The account runs for 21 years, but you only need to invest for the first 15 years. The best part is that the entire maturity amount is completely tax-free.
How ₹35,000 Per Year Becomes ₹16 Lakh
Let’s say you deposit ₹35,000 every year into the account. In 15 years, your total deposit will be ₹5.25 lakh. Over time, you will earn about ₹10.91 lakh in interest.
So, after 21 years, you will have a total fund of around ₹16.16 lakh for your daughter. Out of this, only ₹5.25 lakh is your actual contribution – the rest is earned from interest.
Why This Scheme is Special
It is completely safe because it is backed by the government.
It gives higher interest than many other savings options.
Both the investment and maturity amount are tax-free.
It helps create a long-term, reliable fund for your daughter’s future.
So if you save just ₹35,000 every year, you can create a fund of over ₹16 lakh after 21 years under the Sukanya Samriddhi Yojana.
