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Sukanya Samriddhi Yojana If you are also looking for a good government scheme for investment, then this news can prove to be useful for you. Sukanya Samriddhi Yojana (SSY) is a very good and risk free government scheme to secure the future of the daughter. Its purpose is to enable parents to create a large fund for their daughter’s education and marriage expenses without any worries. The interest available on this scheme is 8.2%, which is the highest compared to other savings schemes. Prime Minister Narendra Modi recently said that till now more than four crore Sukanya accounts have been opened and the total deposit amount in these is more than Rs 3.25 lakh crore.
How will a fund of Rs 72 lakh be created?
By investing Rs 1.5 lakh every year for 15 years in Sukanya Samriddhi Yojana, a corpus of about Rs 72 lakh can be generated on maturity of 21 years. That means, by investing a total of Rs 22.5 lakh, you can get more than three times the return. Under the scheme, parents or legal guardians can open an account in the name of the daughter and the account matures when the daughter turns 21 years of age.
The government had started this scheme under the Beti Bachao, Beti Padhao campaign. Its main objective is to provide financial security for the daughter’s education and marriage and to reduce the financial burden on the family. The interest rate is fixed every quarter and for October–December 2025 it has been fixed at 8.2%. Interest is calculated on the minimum balance of every month and is added to the account at the end of the financial year.
The minimum amount to invest in this scheme is only Rs 250 annually, while the maximum investment that can be made is Rs 1.5 lakh annually. The investment period is 15 years and maturity period is 21 years. The investment amount can be deposited in one go or in several installments. Tax exemption is also available on investment in SSY under Section 80C of the Income Tax Act. Apart from this, there is no tax on the money deposited and interest.
If a parent starts depositing Rs 1.5 lakh every year from the birth of his daughter, then the total investment on maturity after 21 years will be Rs 22.5 lakh. The total interest received on this can reach Rs 49.32 lakh. In such a situation, the maturity amount can be around Rs 71.82 lakh. The special thing is that even after the deposit is closed after 15 years, the interest continues to be compounded for the next 6 years, due to which the amount increases rapidly.
The biggest feature of this scheme is that it can be started with just Rs 250 annually, making it beneficial for every class of family. By investing even small amounts regularly, parents can create a strong and secure fund for their daughter’s future. SSY is not only a safe investment but also a great option for tax saving.
