Sukanya Samriddhi Yojana: How much money will accumulate if you deposit ₹2,000 every month? Understand the full calculation..

Sukanya Samriddhi Yojana: If you wish to build a substantial fund for your daughter by saving small amounts regularly, the Sukanya Samriddhi Yojana is an excellent option. Contributions are made over a long period, and the corpus grows based on the government-fixed interest rate. It also comes with a government guarantee.

Suppose you deposit ₹2,000 every month—amounting to ₹24,000 annually. By depositing this amount for 15 years, your total out-of-pocket investment would be ₹3.60 lakh.

However, the story of the account does not end there. While contributions to the Sukanya Samriddhi Yojana are made for 15 years, the account matures after 21 years. This means that interest continues to accrue in the account for about six years even after you stop making deposits.

₹3.60 lakh deposited over 15 years

A monthly deposit of ₹2,000 may not seem like a large sum, but continuing it for 15 years results in a significant corpus. At ₹2,000 per month, the annual deposit is ₹24,000, making the total deposited amount ₹3.60 lakh over 15 years. Additionally, you benefit from the government-fixed interest rate; currently, the interest rate for the Sukanya Samriddhi Yojana is 8.2%.

A fund of approximately ₹11 lakh after 21 years

Assuming the interest rate remains constant at 8.2% throughout the tenure, a monthly deposit of ₹2,000 can grow into a fund of approximately ₹11 lakh over 21 years. Your total investment would be ₹3.60 lakh, while the remaining amount—approximately ₹7.41 lakh—would be accumulated through interest. In essence, although you deposited money for only 15 years, the corpus had 21 years to grow. This is the unique feature of this scheme. 
Details    Amount
Monthly investment    ₹2,000
Annual investment    ₹24,000
Total investment over 15 years    ₹3.60 lakh
Estimated interest    Approx. ₹7.41 lakh
Estimated amount after 21 years    Approx. ₹11.01 lakh

This estimate assumes a constant interest rate of 8.2% over the entire 21-year period. The government may revise interest rates for small savings schemes from time to time; therefore, the actual amount could be higher or lower.

The corpus continues to grow even after 15 years.

Under the Sukanya Samriddhi Yojana, deposits need to be made for only 15 years. After this period, there is no requirement to make monthly contributions. The account matures after 21 years. Interest continues to accrue on the deposited amount during this time, which is why the fund keeps growing even after the investment period has ended.

For which daughter can the account be opened?

A Sukanya Samriddhi account can be opened in the name of a girl child who is under 10 years of age at the time of opening the account. Parents or legal guardians can open the account. Only one account can be opened per girl child. Generally, accounts can be opened for two daughters in a family.

Depositing ₹2,000 every month is not mandatory

It is not mandatory to deposit ₹2,000 every month under this scheme; you can deposit an amount based on your convenience. However, a minimum deposit of ₹250 per financial year is required to keep the account active. The maximum deposit allowed in a financial year is ₹1.50 lakh.

Tax benefits too

Investments in the Sukanya Samriddhi Yojana qualify for tax benefits under income tax laws. The interest earned on the account is also tax-free. Therefore, this scheme can be an attractive option for those looking to build a long-term fund for their daughter—especially if setting aside an amount like ₹2,000 per month is feasible.

Disclaimer: This content has been sourced and edited from Money Control. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.