Sukanya Samriddhi Yojana Calculator: How To Build Rs 50 Lakh Corpus For Your Daughter?

With the rising education and living costs, it has become extremely important to start investing early to build a strong financial future for your child. This is where the Sukanya Samriddhi Yojana (SSY), a part of Prime Minister Narendra Modi's Beti Bachao Beti Padhao initiative, comes into focus. With diligent planning and sensible investing, you can easily build a Rs 50 lakh corpus for your daughter in eighteen years.

What Is Sukanya Samriddhi Yojana?

This government-backed savings scheme was introduced to help parents or legal guardians build a financial corpus for a girl child's higher education and marriage. The scheme offers attractive interest rates, tax benefits under the Income Tax Act, 2025, and tax-free maturity, making SSY one of the safest and most rewarding long-term investment options for a girl child.

What Is The Latest Sukanya Samriddhi Yojana Interest Rate?

As of now, the Sukanya Samriddhi Yojana offers investors an interest rate of 8.2 per cent per annum, which is higher than the returns offered by several fixed deposits and other government schemes. Compounded annually, the interest is calculated for the calendar month on the lowest balance in the account between the close of the fifth day and the end of the month. The Finance Ministry reviews the interest rate every quarter

How To Build A Rs 50 Lakh Corpus Through Sukanya Samriddhi Yojana?

Parents or legal guardians can set up the Sukanya Samriddhi Account for their daughter anytime from birth until she turns 10 years old. They can make a minimum deposit of Rs 250 and a maximum deposit of Rs 1.5 lakh per financial year for 15 years from the date of account opening, with the account maturing after 21 years.

If a parent or legal guardian invests Rs 1 lakh every year in Sukanya Samriddhi Yojana, the total investment will be Rs 15 lakh. At the current rate of interest of 8.2 per cent, the final corpus at the end of 21 years will grow to around Rs 50.30 lakh.

The key to building an Rs 50 lakh corpus is to start the account as early as possible to enjoy the greater advantage of compounding. Even after the deposits stop after 15 years, the accumulated corpus will continue to earn lucrative compounded interest for an additional six years until it matures, which brings a huge difference in the final corpus.

Tax Benefits Under Sukanya Samriddhi Yojana

Besides the financial aspects, investments made under Sukanya Samriddhi Yojana also enjoy tax-free benefits. Deposits up to Rs 1.5 lakh in a financial year qualify for a deduction under section 80 C of the Income Tax Act. The maturity amount as well as the interest earned on the deposit is tax-free.