Update: It is the wish of every parent that every child in the family receives a good . In such a situation, they are often worried about how they will manage the expenses of higher education in this era of inflation. How will they manage the expenses of their daughter’s ? But today, we are going to tell you about a scheme through which you can ease these worries. All you need to do is arrange ₹1,000 every month.

How to Open a Sukanya Samriddhi Account for Your Daughter

To secure your daughter’s future, start by opening a Sukanya Samriddhi Account () in her name. This account can be opened at any post office or authorized bank.

Key Points to Remember:

  • The account (SSY) can be opened from the time of the daughter’s birth up to the age of 10 years.
  • A birth certificate of the daughter and KYC documents of the guardian are required.
  • PAN and Aadhaar card of the guardian are mandatory for account opening.
  • Only one account is permitted per girl, and a maximum of two accounts can be opened per family.

Required Documents to Open the Account

To open a Sukanya Samriddhi Account (SSY), the following are required:

  • Daughter’s birth certificate.
  • Guardian’s KYC documents, including PAN and Aadhaar card.
  • Note: Each family can open a maximum of two accounts, and only one account is allowed per girl.

Returns on Your Investment

Under the Sukanya Samriddhi Yojana (SSY), the government offers 8.20% interest on the deposited amount. Here’s what you can expect based on your investment:

  • Deposit ₹1,000 per month for 15 years: You will receive ₹3.48 lakh at maturity.
  • Deposit ₹1,000 per month for 20 years: The maturity amount will be approximately ₹6 lakh.
  • Deposit ₹2,000 per month for 15 years: You will get ₹7 lakh.
  • Deposit ₹2,000 per month for 20 years: The maturity amount will rise to ₹11.85 lakh.

Withdrawal Rules

  • Once your daughter turns 18, you can withdraw up to 50% of the deposit for her education or marriage.
  • The total deposited amount (SSY) and interest can be withdrawn when she turns 21.