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Sukanya Samriddhi Yojana: Deposit ₹500 Annually, Get Up to ₹23,900 in 21 Years for Daughter
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News18•02-10-2026, 12:42
Sukanya Samriddhi Yojana: Deposit ₹500 Annually, Get Up to ₹23,900 in 21 Years for Daughter
- •Investing just ₹500 annually in Sukanya Samriddhi Yojana can build a significant fund for your daughter's future.
- •The scheme currently offers an 8.2% annual interest rate, with deposits ranging from ₹250 to ₹1.50 lakh per financial year.
- •Accounts can be opened before the daughter turns 10, with investments made for 15 years, and the account maturing in 21 years.
- •A ₹500 annual deposit totals ₹7,500 over 15 years, potentially growing to approximately ₹23,900 in 21 years.
- •Partial withdrawals of up to 50% are allowed for higher education after the daughter turns 18 or passes 10th grade.
Key Questions Answered
The Sukanya Samriddhi Yojana (SSY) currently offers an annual interest rate of 8.2% for the October-December quarter, as the government has kept small savings scheme rates unchanged.
Deposits can be made for 15 years after opening the account, while the account fully matures upon completion of 21 years from the date of its opening.
After the daughter turns 18 years of age or successfully passes the 10th grade, up to 50% of the deposited amount can be withdrawn for her higher education under specified conditions.
