Under this scheme, accounts are opened only for daughters, whose age should be less than 10 years. A minimum of Rs 250 and a maximum of Rs 1,50,000 can be invested annually in Sukanya Samriddhi Yojana (SSY).
SSY Calculator: Prime Minister Narendra Modi’s government started Sukanya Samriddhi Yojana in 2015 under the Beti Bachao, Beti Padhao campaign. Only daughters’ accounts are opened under this scheme, which currently gives an interest of 8.2 percent. Let us tell you that the central government keeps changing the interest rates given under this scheme on the basis of need. Here we will know about the maturity amount of the investment made in Sukanya Samriddhi Yojana.
Minimum investment of Rs 250 and maximum of Rs 1,50,000 can be made annually
Under this scheme, accounts are opened only for daughters, whose age should be less than 10 years. A minimum of Rs 250 and a maximum of Rs 1,50,000 can be invested annually in Sukanya Samriddhi Yojana (SSY). This account can be opened for a maximum of 2 daughters in a family. But in a family which has twin girls, more than 2 accounts can be opened in that family.
SSY account matures after 21 years
SSY account matures after 21 years from the date of opening the account. Apart from this, if the daughter has turned 18 years old and she has to be married, then you can close the account. Keep in mind that the account cannot be closed 1 month before and 3 months after the daughter’s marriage.
If you deposit 50,000 rupees every year, how much money will you get on maturity
Suppose your daughter is 1 year old right now and you open an SSY account in her name this year (2024) and deposit Rs 50,000 every year. This account opened in your daughter’s name will mature after 21 years i.e. in 2045. Your total investment in these 21 years will be Rs 7,50,000. When this account matures in 2045, your daughter will get a total of Rs 23,09,193. This also includes interest of Rs 15,59,193.
