Sukanya Samriddhi Yojana: Here's how Rs 10,000 monthly investment can grow to around Rs 55,00,000
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Sukanya Samriddhi Yojana helps parents build a large fund for their daughter by offering an 8.2% interest rate.
- ✓If you invest Rs 10,000 monthly for 15 years, your money could grow to around Rs 55,00,000.
- ✓This government scheme remains a popular way to save for a child’s future needs.
Story at a Glance
- Category
- MARKET
- Reported By
- Zee Business
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
The Sukanya Samriddhi Yojana (SSY) is a government-backed small savings scheme designed to help parents build a long-term corpus for a girl child. The scheme offers an attractive interest rate along with tax benefits under applicable rules.
For parents looking to create a fund for their daughter's education, marriage or other long-term financial needs, regular contributions to SSY can help build a substantial corpus over time.
The SSY interest rate is currently 8.2% per annum. However, the government reviews interest rates on small savings schemes every quarter, which means the applicable rate can change during the investment period.
A monthly investment of Rs 10,000 translates into an annual contribution of Rs 1,20,000. Under SSY rules, deposits have to be made for 15 years, while the account matures 21 years from the date of opening.
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Zee Business
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