From Piggy Bank to Power Fund: What ₹1.5 Lakh a Year in Sukanya Samriddhi Yojana Can Grow Into

Image Source: News18

Investing ₹1.5 lakh annually in the Sukanya Samriddhi Yojana (SSY) for 15 years can yield over ₹70 lakh at maturity after 21 years. With an 8.2% interest rate, tax-free returns, and government backing, SSY remains one of the most secure and rewarding long-term savings schemes for a girl child’s future.

Sukanya Samriddhi Yojana: How ₹1.5 Lakh/Year Investment Can Secure ₹70 Lakh for Your Daughter’s Future

The Sukanya Samriddhi Yojana (SSY), launched under the Beti Bachao, Beti Padhao initiative, continues to be a top choice for parents planning long-term financial security for their daughters. With a current interest rate of 8.2% per annum, the scheme offers tax-free returns, government backing, and a 21-year maturity period.

Key Highlights of the Investment Scenario:

Annual Investment

If you invest ₹1.5 lakh per year (the maximum allowed) for 15 years, your total contribution will be ₹22.5 lakh.

Interest Accrual and Maturity Value

At the current interest rate of 8.2%, compounded annually, the maturity amount after 21 years will be approximately ₹72.50 lakh.

This includes ₹50 lakh+ in interest earnings, which are completely tax-free.

Contribution Period and Lock-In

Contributions are made for 15 years, but the account matures after 21 years from the date of opening.

Partial withdrawals (up to 50%) are allowed after the girl turns 18, for education or marriage.

Eligibility and Account Opening

The account can be opened by parents or legal guardians of a girl child below 10 years of age.

Only one account per girl child is permitted, and a family can open accounts for up to two daughters.

Tax Benefits

Investments qualify for Section 80C deductions up to ₹1.5 lakh annually.

Both interest earned and maturity proceeds are exempt from income tax, making it an EEE (Exempt-Exempt-Exempt) instrument.

Safety and Returns

SSY is backed by the Government of India, ensuring capital safety and guaranteed returns, unlike market-linked instruments.

This disciplined savings plan not only builds a substantial corpus but also instills financial planning habits. For parents seeking a secure, high-yield, and tax-efficient investment for their daughter’s future, SSY remains unmatched.

Sources: Groww Calculator, News18

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