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SSY: Deposit Rs 500 Annually, Get Rs 23,900 in 21 Years! See the Calculation
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News18•02-10-2026, 13:24
SSY: Deposit Rs 500 Annually, Get Rs 23,900 in 21 Years! See the Calculation
- •The Sukanya Samriddhi Yojana (SSY) offers an annual interest rate of 8.2%, with investments starting from just Rs 250.
- •Accounts can be opened for a daughter before she turns 10 years old by parents or legal guardians.
- •Investments can be made for 15 years, but interest continues to accrue for 21 years from the account opening date.
- •Depositing Rs 500 annually could yield approximately Rs 13,800 in 15 years and an estimated Rs 22,100 to Rs 23,900 in 21 years.
- •Partial withdrawals of up to 50% are allowed for higher education after the daughter turns 18 or passes the tenth grade.
Key Questions Answered
The Sukanya Samriddhi Yojana currently offers an annual interest rate of 8.2% for the quarter. Investments can be started with a minimum of 250 rupees, while a maximum of 1.50 lakh rupees can be deposited in a single financial year.
Money can be deposited in the Sukanya Samriddhi Yojana account for approximately 15 years from the date of opening, while the account fully matures after 21 years. This means interest continues to accumulate for an additional 6 years without requiring any new investments.
After a daughter completes 18 years of age or passes the tenth grade, 50% of the deposited amount can be withdrawn from the account for her higher education, provided prescribed conditions are met.
