Sukanya Samriddhi Yojana: ₹1,000/month deposit yields ₹5.54 Lakh at maturity

• Sukanya Samriddhi Yojana (SSY) is a central government-backed savings scheme for girl children under 10, launched in 2015.
• Aimed at funding higher education and marriage expenses, it offers a higher interest rate (currently 8.2%) and tax exemption benefits.
• Depositing ₹1,000 monthly for 15 years (total ₹1.80 lakh) can yield approximately ₹5.54 lakh at maturity (21 years).
• Accounts can be opened at post offices or authorized banks with a minimum deposit of ₹250, requiring the girl child's birth certificate and guardian's ID.
• Deposits are made for 15 years, but interest accrues until maturity at 21; up to 50% can be withdrawn at 18 for education/marriage.