A monthly investment of ₹5,000 in the Sukanya Samriddhi Yojana can generate a substantial corpus for a girl child's future. According to reports from The Economic Times, this investment strategy results in a total investment of ₹9,00,000 over 15 years, assuming a consistent monthly contribution. The scheme offers an 8.2% interest rate with quarterly government revisions, making it an attractive option for long-term savings.
Based on the current interest rate of 8.2% and assuming consistent returns throughout the investment period, the maturity amount would be approximately ₹28,72,848. As reported by The Economic Times, this calculation includes the ₹19,72,848 in interest earned over the 15-year period. The investment period spans from 2026 to 2047, covering the girl child's education and marriage expenses.
The Sukanya Samriddhi Yojana offers several advantages including compounding interest calculation on the lowest balance between the 5th day and end of each month. According to the report, interest is credited annually at the end of each financial year, even if the account is transferred between banks or post offices during the year. The scheme allows account holders to withdraw up to 50% of the balance for educational purposes once they reach 18 years or complete tenth standard, whichever occurs earlier.
The scheme is available for girl children from birth to 10 years of age, with families allowed to open a maximum of two accounts. As reported by The Economic Times, the account can be opened at any age within this range, and the government provides specific terms and conditions for families with multiple daughters. The account requires standard documents including birth certificate, Aadhaar number, and PAN details.
