SSY calculation: Sukanya Samriddhi Yojana is a great option for the future of the daughter, in which by investing ₹1 lakh annually ...read more

The government's Sukanya Samriddhi Yojana (Samriddhi Yojana) can be a good option for financially securing a daughter's future. Under this scheme, parents can create a substantial fund for their daughter's education and marriage through small savings. The investment period is 15 years, while the account matures after 21 years. This means that interest continues to accrue on the balance even after the investment is discontinued.

If you deposit ₹1 lakh annually in this scheme, you could have a corpus of approximately ₹47.88 lakh upon maturity. Let's understand how much money you'll accumulate and how much interest you'll earn by investing ₹1 lakh annually.

How much interest are you getting at present?

The Sukanya Samriddhi Yojana currently offers an interest rate of 8.2% per annum for the October-December 2026 quarter. Interest on this scheme is compounded annually. The government reviews interest rates on small savings schemes every quarter. Therefore, the maturity amount may change if interest rates change in the future.

See the complete calculation

• Annual investment: ₹1 lakh
• Investment period: 15 years
• Total investment: ₹15 lakh
• Interest Rate (Assuming): 8.2%
• Estimated maturity amount after 21 years: ₹47,88,079
• Total Investment: ₹15,00,000
• Total Interest: ₹32,88,079
• The calculation assumes a deposit of ₹1 lakh at the beginning of every financial year and an interest rate of 8.2% throughout the tenure.

How to understand the whole mathematics?

• A deposit of ₹1 lakh in the first year will earn ₹8,200 in interest at 8.2% interest. At the end of the year, the amount will become ₹1,08,200.
• In the second year, you will accumulate another ₹1 lakh, earning interest on ₹2,08,200, which will be ₹17,072.
• If you deposit Rs 1 lakh in the third year also, the interest amount will increase further.
• Similarly, if you invest for 15 years, the total deposit amount will become Rs 15 lakh.
• After this, interest will continue to accrue for the next 6 years even without making any new investment.
• This way, you can earn around ₹47.88 lakh after 21 years, which means you will earn approximately ₹32.88 lakh more in interest than your deposit.

You can withdraw money midway for your daughter's education.

Under the Sukanya Samriddhi Yojana, a maximum of 50% of the account balance from the previous financial year can be withdrawn for education after the daughter turns 18 or passes the 10th grade, whichever comes first. This can help cover higher education expenses.