Sukanya Samriddhi Yojana update: Sukanya Samriddhi Yojana (SSY) is a Government of India initiative designed to financially secure the future of daughters, with a special focus on education and marriage expenses. This scheme offers a risk-free investment opportunity with guaranteed returns.
Eligibility and Investment Requirements
To participate in SSY, the daughter must be under 10 years old. Parents can open an account by submitting the child’s birth certificate.
Early Investment Advantage
Let’s say the daughter is 5 years old in 2025. Starting the investment early provides a solid financial foundation for her future, ensuring that education and marriage expenses can be met with ease.
Investment Duration and Contributions
Investments in SSY are required for 15 years. For example, by investing Rs 100 daily, you will contribute Rs 36,500 annually. Over 15 years, this amounts to Rs 5,47,500.
Maturity and Returns
The SSY account matures after 21 years (in 2046). Upon maturity, the account holder will receive both the invested amount and the accumulated interest, ensuring financial support for your daughter’s future.
Guaranteed Returns of 8.2% on Investment
The Sukanya Samriddhi Yojana (SSY) offers an impressive annual interest rate of 8.2%, allowing your investment to grow significantly. Over time, the total interest earned will amount to ₹11,38,211, providing excellent returns on your contributions.
Maturity Value and Benefits
Upon maturity, the total investment and accumulated interest—amounting to ₹16,85,711—will be paid out. This sizable amount can support higher education, marriage, and other significant expenses for your daughter.
Partial Withdrawals for Key Milestones
When the daughter turns 18, partial withdrawals from the SSY account can be made to cover educational and marital expenses. This ensures parents don’t need to worry about financial preparations for such milestones.
Disclaimer
This scheme provides attractive returns with government-backed security. However, potential investors are advised to thoroughly understand the scheme and consult a financial advisor if needed. The information here is based on current available data and research. Always make informed decisions before investing.