Every parent today wants a safe and reliable investment to secure their daughter’s education and marriage. While markets like stocks and mutual funds fluctuate, post office savings schemes continue to offer stability and guaranteed returns. One such highly trusted scheme is the Sukanya Samriddhi Yojana (SSY), often referred to as the “Kanya Sukanya Yojana.”

What Is Sukanya Samriddhi Yojana?

Sukanya Samriddhi Yojana is a central government-backed small savings scheme designed exclusively for girls. Its main objective is to help parents build a strong financial corpus for their daughter’s higher education and marriage, without financial stress.

An SSY account can be opened in the name of a girl child aged 10 years or below at any post office or authorized bank branch in India.

Investment Rules and Interest Rate

One of the biggest strengths of this scheme is its low minimum investment requirement and high interest rate.

• Minimum annual deposit: ₹250

• Maximum annual deposit: ₹1.5 lakh

• Current interest rate: 8.2% per annum (compounded yearly)

The interest rate is reviewed by the government every quarter and is usually higher than most bank fixed deposits.

How Can ₹71 Lakh Be Created?

The long-term benefit of Sukanya Samriddhi Yojana lies in disciplined investment and compound interest.

If a parent invests the maximum amount of ₹1.5 lakh every year for 15 years, the total investment comes to:

• Total deposit: ₹22,50,000

After the 15-year contribution period, no further deposits are required. The account continues to earn interest for the next 6 years, completing a total maturity period of 21 years.

At the current 8.2% interest rate, the estimated maturity amount will be:

• Total maturity value: ₹71,82,119 (approx.)

• Total interest earned: ₹49,32,119

(Actual returns may vary depending on future interest rate changes.)

Big Tax Benefits (EEE Category)

Sukanya Samriddhi Yojana falls under the EEE (Exempt–Exempt–Exempt) tax category:

• Investment eligible for tax deduction under Section 80C

• Annual interest is completely tax-free

• Maturity amount is fully tax-exempt

This makes SSY one of the most tax-efficient savings schemes in India.

Important Terms and Conditions

• Only one account per daughter is allowed

• Maximum two accounts per family (exceptions for twins/triplets)

• 50% of the balance can be withdrawn for higher education once the daughter turns 18

• Account matures after 21 years from the date of opening

Conclusion

Sukanya Samriddhi Yojana is one of the best long-term, risk-free investment options for parents planning their daughter’s future. With high interest, government backing, and complete tax exemption, it offers both financial security and peace of mind.