Sukanya Samriddhi Yojana: How much money will you get if you deposit ₹1,500 every month? Understand the full calculation..

Sukanya Samriddhi Yojana: Everyone wants to save money for their daughter's future. However, saving a large lump sum is not feasible for many families. Yet, if you can save just ₹1,500 per month, this small saving in the Sukanya Samriddhi Yojana (SSY) can grow into a substantial fund over time. This is a government-guaranteed savings scheme. It currently offers an annual interest rate of 8.2%.

The best part is that you do not have to deposit money for the entire 21-year tenure; you only need to invest for 15 years. Even after that, the deposited amount continues to earn interest for the remaining 6 years.

**Corpus generated from a monthly investment of ₹1,500**

If you deposit ₹1,500 every month, your annual investment amounts to ₹18,000. Depositing this amount for 15 years results in a total investment of ₹2,70,000. Based on the current interest rate of 8.2%, this sum could grow to approximately ₹8,31,913 after 21 years. This means an additional ₹5.62 lakh is accumulated solely through interest.

Investments in this scheme qualify for tax benefits under Section 80C. Additionally, the interest earned and the maturity proceeds are tax-free, subject to applicable rules.

**Detailed breakdown of the ₹1,500 monthly investment**

**Parameter** | **Amount**
--- | ---
Monthly investment | ₹1,500
Annual investment | ₹18,000
Total investment over 15 years | ₹2,70,000
Estimated interest | ₹5,61,913
Total amount after 21 years | ₹8,31,913

**Understand with a simple example**

Suppose your daughter is born in 2026 and you open a Sukanya Samriddhi account for her immediately. You start depositing ₹1,500 every month and continue making regular investments for 15 years.

After that, you do not deposit another rupee. Even so, interest will continue to accrue in the account for the next 6 years. By the time the account completes 21 years, a fund of approximately ₹8.32 lakh will be accumulated in the daughter's name. In other words, your deposited amount could grow to nearly three times its original value.

For how long do deposits need to be made?

This is the scheme's most significant feature. People often assume that deposits must be made every month for the entire 21-year tenure, but that is not the case. You only need to invest for 15 years. Subsequently, the account continues to earn interest for the next 6 years without requiring any fresh deposits. This compounding effect yields substantial benefits over the long term.

Who can open the account?

This scheme is exclusively for the girl child. Parents or legal guardians can open the account. The girl must be under 10 years of age. Deposits can range from a minimum of ₹250 to a maximum of ₹1.5 lakh per year.

Can money be withdrawn midway?

Yes, but not the entire amount. Once the daughter turns 18, up to 50% of the accumulated balance can be withdrawn for her higher education. The full amount is available upon maturity after 21 years.

Is starting with ₹1,500 per month a good idea?

If your budget allows for a monthly saving of ₹1,500, even this modest start can build a robust fund for major expenses such as your daughter's education, career, or marriage. The scheme's greatest strength lies in generating a fund of approximately ₹8.32 lakh from an investment of just ₹2.70 lakh. However, you can increase the investment amount as your income grows.

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