Sukanya Samriddhi Yojana: How to accumulate ₹69 lakh when your girl turns 21

Sukanya Samriddhi Yojana: In a bid to promote 'Beti Bachao Betio Padhao' campaign, the central government launched Sukanya Samriddhi Yojana in the year 2015. So, if an earning individual starts investing ₹12,500 per month or ₹1.50 lakh per annum in an SSY account after the birth of their girl child, he or she would be able to accumulate around ₹69 lakh when the girl turns 21 years old. Additionally, the investor would be able to claim income tax exemption on ₹1.50 lakh invested in the SSY account in one financial year under Section 80C of the Income Tax Act. {{^adFree}} {{/adFree}} Sukanya Samriddhi Yojana calculator If an investor starts investing in an SSY account immediately after the birth of its girl child, he or she would be able to contribute for 15 years as one can deposit in one's Sukanya Samriddhi Yojana account till its gild attains 14 years of age. {{^adFree}} {{/adFree}} Image: Courtesy HDFC Bank Sukanya Samriddhi Yojana calculator So, if an earning individual starts investing ₹12,500 per month in a Sukanya Samriddhi Yojana account immediately after the birth of one's girl child, then the girl will be a millionaire at the age of 21.