Sukanya Samriddhi Yojana: Secure Your Daughter's Future with Rs 71 Lakh

• Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched in 2015 for girls under 10 years old, aiming to build a financial corpus for their education and marriage.
• Accounts can be opened from birth until age 10, offering a higher interest rate than most bank FDs and tax-free returns.
• The scheme currently offers an 8.2% annual interest rate until March 2026, reviewed quarterly. Minimum deposit is Rs 250, maximum is Rs 1.5 lakh per financial year.
• Investing Rs 12,500 monthly (Rs 1.5 lakh annually) for 15 years can accumulate approximately Rs 72 lakh at maturity after 21 years, including about Rs 49 lakh in interest.
• While Rs 71 lakh is a substantial sum, inflation (5-6% annually) could reduce its real value to Rs 22-28 lakh in today's terms, emphasizing the need to consider future costs.

Why It Matters: SSY offers a tax-free, high-interest savings option for daughters' futures, but inflation impacts its real value.