18 Sep 2025: A daughter’s future is always at the top of every parent’s mind. However, considering the expenses for education and marriage, planning for the future becomes essential. In this context, the government has a scheme that is not only a safe investment option for daughters but also comes with tax benefits and guaranteed returns – the Sukanya Samriddhi Yojana (SSY). If you invest just ₹38,000 annually in this scheme, by the time your daughter turns 21, you could have a substantial fund of around ₹17.5 lakh – completely tax-free!
What is the scheme and how does it work?
The Sukanya Samriddhi Yojana was launched by the Government of India specifically for the future of daughters. Under this scheme, parents or guardians open an account in the daughter’s name. The account can be opened anytime from the daughter’s birth up to 10 years of age.
Investment and Tenure:
- Minimum annual investment: ₹250
- Maximum annual investment: ₹1.5 lakh
- Total tenure of the scheme: 21 years
- Investment period: Money needs to be deposited for the first 15 years; the next 6 years, the interest continues to accumulate automatically.
Interest Rate:
Currently, the scheme offers an annual interest rate of 8.2%, one of the highest among small savings schemes.
Calculation for ₹38,000 annual investment
Suppose you invest ₹38,000 every year in your daughter’s name for 15 years.
| Details | Amount |
|---|---|
| Annual Investment | ₹38,000 |
| Total Investment (15 yrs) | ₹5,70,000 |
| Scheme Duration | 21 years |
| Interest Rate | 8.2% p.a. |
| Interest Earned | ₹11,84,986 |
| Maturity Amount | ₹17,54,986 |
This means your savings of ₹5.7 lakh would earn around ₹11.85 lakh in interest. In total, by the time of your daughter’s education or marriage, a fund of ₹17.5 lakh will be ready.
Why choose Sukanya Samriddhi Yojana?
- Government-backed scheme: completely safe
- Interest and maturity amount are tax-free
- Tax benefits under Section 80C
- Specifically designed for a daughter’s future
Small Savings, Big Fund
Investing ₹38,000 annually means just ₹3,166 per month – roughly the amount of a regular EMI. But the difference is, this EMI isn’t for a loan; it is building the foundation for your daughter’s future. If you start this scheme on time, on your daughter’s 21st birthday, you can give her not just your blessings but also a strong financial support.
Summary : A government-backed savings scheme allows fathers to grow a small investment of ₹38,000 into ₹17.5 lakh over time, securing financial stability for their daughters’ future.