Government-Backed Scheme Offers Safe Path to Build ₹70 Lakh for Your Daughter’s Future
New Delhi – The government’s Sukanya Samriddhi Yojana (SSY), operated through post offices and banks, is one of the most trusted savings schemes designed exclusively for girls. With guaranteed returns, tax benefits, and zero market risk, it enables parents to build a substantial financial corpus for their daughter’s future—potentially up to ₹70 lakh—by the time she turns 21.
What Is Sukanya Samriddhi Yojana?
The Sukanya Samriddhi Yojana was launched as part of the “Beti Bachao, Beti Padhao” initiative, encouraging parents to save for their daughters’ education, marriage, or other future needs. The scheme allows even small monthly savings to grow into a significant sum over the years, thanks to its attractive interest rates and long-term compounding.
Currently, SSY offers 8.2% annual interest, one of the highest among government-backed savings options. Importantly, both the investment and the interest earned are completely tax-free under Section 80C of the Income Tax Act.
Who Can Open an Account?
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Parents or legal guardians can open an SSY account for a girl child below the age of 10 years.
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Only one account per girl is allowed.
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A family can open accounts for up to two daughters.
If the child is older than 10, she will not be eligible for a new account.
How Much Can You Invest?
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Minimum annual deposit: ₹250
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Maximum annual deposit: ₹1.5 lakh
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Deposits can be made in a lump sum or in installments throughout the year.
The scheme has no investment risk, as it is managed directly by the government through post offices and authorised banks.
How to Reach ₹70 Lakh Maturity
If you aim to create a corpus of around ₹70 lakh for your daughter, here’s how it works:
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Start when your daughter is 5 years old.
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Deposit the maximum annual limit of ₹1.5 lakh (around ₹12,500 per month or ₹400 per day) until she turns 15.
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You will contribute a total of ₹22.5 lakh over 15 years.
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At maturity (when she turns 21), the total amount, including interest, can grow to ₹69,27,578.
This impressive growth is due to the high interest rate and the power of compounding over the long term.
Maturity and Withdrawal Rules
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The account matures after 21 years from the opening date or when the girl gets married after turning 18.
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Partial withdrawals of up to 50% of the balance are allowed after the girl turns 18, for education or marriage expenses.
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If the girl gets married before maturity, the account must be closed.
Why Choose Sukanya Samriddhi Yojana?
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Guaranteed returns with government backing
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High interest rate compared to other savings schemes
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Tax-free earnings under Section 80C
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Low starting investment—just ₹250 per year to keep the account active
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Ideal for long-term financial planning for a daughter’s higher education or marriage
By starting early and investing consistently, even a small daily saving of ₹400 can secure your daughter’s future with a lump sum of nearly ₹70 lakh—without any market risks.
