Sukanya Samriddhi Yojana: Invest Just ₹250 Monthly and Secure Over ₹1.38 Lakh for Your Daughter—Here's the Complete Breakdown

The Sukanya Samriddhi Yojana (SSY) continues to be one of the most rewarding savings schemes for girl children in India. Launched by the Central Government, this initiative aims to encourage long-term savings for a girl’s education and future marriage expenses. As of July 2025, the government has retained the interest rate at a lucrative 8.2% per annum, compounded annually.

This scheme allows parents or guardians to open a savings account for their daughter with a minimum deposit of just ₹250 per month—and the long-term returns are surprising. Let’s explore how a small monthly saving today can make your daughter a lakhpati tomorrow.

What Is Sukanya Samriddhi Yojana?

Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme for girl children under the 'Beti Bachao, Beti Padhao' campaign. Parents can open an account in their daughter’s name before she turns 10 years old. The account matures 21 years from the date of opening, and deposits are allowed only for 15 years.

The scheme is exempt-exempt-exempt (EEE) under income tax, meaning your deposits, interest earned, and maturity amount are all tax-free under Section 80C.

Interest Rate and Latest Update

As per the July 2025 update, the government has continued the 8.2% annual interest rate, despite changes in other small savings schemes. This decision ensures that SSY remains one of the highest-yielding and safest savings options available for the long term.

How ₹250 Monthly Can Grow into ₹1.38 Lakh

Even with a small monthly contribution of ₹250, your daughter can become a lakhpati by the time the account matures.

• Monthly Deposit: ₹250

• Annual Deposit: ₹3,000

• Total Deposited in 15 Years: ₹45,000

• Estimated Interest Earned: ₹93,653

• Maturity Amount at 21 Years: ₹1,38,653

And all this from a total contribution of just ₹45,000 over 15 years!

Higher Contributions = Bigger Benefits

If you're able to invest more, the returns increase substantially. Here's a snapshot of how different monthly deposits add up by the end of the scheme term:

Monthly Contribution Amount Deposited (15 Years) Estimated Interest Maturity Amount (After 21 Years)

₹250	₹45,000	₹93,653	₹1,38,653
₹500	₹90,000	₹1,87,306	₹2,77,306
₹1,000	₹1,80,000	₹3,74,612	₹5,54,612
₹2,000	₹3,60,000	₹7,49,224	₹11,09,224
₹5,000	₹9,00,000	₹18,73,059	₹27,73,059

Note: These figures are estimates based on current interest rates and may vary depending on future government updates.

Early Withdrawal Options

Though the account matures after 21 years, partial withdrawals of up to 50% of the balance are permitted once the girl turns 18, specifically for higher education or marriage. However, valid documentation such as admission letters or wedding proof is required.

Who Can Open an SSY Account?

• The account can be opened by parents or legal guardians

• The girl must be under 10 years of age

• Only one account per girl child is allowed

• A family can open accounts for up to two daughters

Maximum and Minimum Investment Limits

• Minimum Deposit: ₹250 per year

• Maximum Deposit: ₹1.5 lakh per year

• Deposits can be made monthly or annually via cash, cheque, or online transfer

How to Calculate Your Returns?

To estimate how much your savings will grow, you can use the official SSY calculator available online. Simply enter your monthly or yearly deposit, and it will project the maturity amount, interest earned, and total savings value.

How to Open an SSY Account

You can open an SSY account at:

• Authorized banks (e.g., SBI, PNB, HDFC)

• Post offices

• Documents required:

  • Birth certificate of the girl

  • Parent/guardian ID proof

  • Address proof

  • Initial deposit amount (minimum ₹250)

Final Words

The Sukanya Samriddhi Yojana is a golden opportunity for Indian families to secure their daughters' futures with minimal investment. Whether you can spare ₹250 or ₹5,000 per month, this scheme ensures high returns, tax benefits, and peace of mind. If you haven’t opened an account yet, now is the best time to start.