Sukanya Samriddhi Yojana: Save only ₹ 1000 every month, you will get such a huge fund on your daughter’s 21st birthday, know the complete calculation and new rules.

News India Live, Digital Desk: If you are looking for a government scheme to secure the future of your beloved, then it is difficult to find a better option than Sukanya Samriddhi Yojana (SSY). According to the latest update of March 2026, the government is offering an excellent interest rate of 8.2% on this scheme, which is much higher than many bank FDs and savings schemes. The best part is that you can accumulate a fund of lakhs for your daughter’s education and marriage with very small savings. Let’s see how the magic of investing just ₹ 1,000 a month works. Investment of ₹ 1,000 and ‘returns’ after 21 years If you deposit ₹ 1,000 every month (i.e. ₹ 12,000 per year) in your daughter’s name, the math will work like this: Annual investment: ₹ 12,000Total investment (up to 15 years): ₹ 1,80,000Current interest rate: 8.2% (Compounding annually)Total interest (estimated): More than ₹ 3,74,000Total amount on maturity: Your daughter will get approximately ₹ 5.54 lakh on completion of 21 years. (Note: This calculation is based on the current interest rate. If the interest rates increase in future, this amount can be even higher.) Money has to be paid only for 15 years, maturity in 21 years The biggest feature of Sukanya Samriddhi Yojana The thing is that you do not have to deposit money in it for full 21 years. You have to invest only for the first 15 years of account opening. After this, interest continues to be accrued on that amount for the next 6 years and on completion of 21 years, the entire amount is available tax-free. ‘Triple’ benefit of tax exemption (EEE Status) This scheme is ‘golden’ in terms of investment because it comes in the EEE category: Investment: Exemption up to ₹ 1.5 lakh under section 80C. Interest: The interest received every year is completely tax-free. Maturity: The money which is redeemed at the end When and who can open an account? Age limit: This account can be opened from the birth of the daughter till she turns 10 years of age. Required documents: Birth certificate of the daughter and KYC documents of the parents (Aadhaar, PAN). Where to open: You can start with just ₹ 250 by visiting any post office or authorized bank (like SBI, PNB, ICICI).