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Sukanya Samriddhi Yojana: Deposit ₹500 Annually, Get ₹23,900 in 21 Years!
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News18•02-10-2026, 14:47
Sukanya Samriddhi Yojana: Deposit ₹500 Annually, Get ₹23,900 in 21 Years!
- •Under Sukanya Samriddhi Yojana (SSY), an annual deposit of just ₹500 can grow to approximately ₹23,900 in 21 years.
- •SSY currently offers an 8.2% interest rate; investments can range from a minimum of ₹250 to a maximum of ₹1.50 lakh annually.
- •Accounts can be opened by parents or legal guardians in the name of a daughter before she turns 10 years old.
- •Deposits can be made for 15 years from the account opening date, and the account matures after 21 years.
- •Up to 50% of the account balance can be withdrawn for higher education after the daughter turns 18 or passes 10th grade.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 quarter, as the government has not made any changes to the rates of small savings schemes.
Investment in the Sukanya Samriddhi Yojana can start with a minimum deposit of ₹250, while a maximum of ₹1.50 lakh can be deposited in a single financial year.
Deposits can be made for 15 years from the date the account is opened, and the account fully matures at the end of 21 years. Even after stopping deposits at 15 years, interest continues to accrue for the remaining six years until maturity.
