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Sukanya Samriddhi Yojana (SSY)
Post Office Sukanya Samriddhi Yojana Monthly 500
The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme designed to secure the future of girl children in India. By investing as little as ₹500 per month for 15 years, parents can create a corpus for their daughter's higher education and marriage expenses. With a competitive interest rate and tax benefits, SSY is an attractive investment option for parents looking to plan their daughter's financial future.
Current interest rate
8.2%
Highest among all small savings schemes
Tax Benefit
₹1.5L
Annual deduction under Section 123 (formerly 80C)
Maturity At
21yrs
Or on her marriage after age 18
Flexible contribution
Start with ₹250 and invest up to ₹1.5L per year.
Sovereign guarantee
Backed by Government of India - zero default risk.
Triple tax benefit
EEE status - exempt on deposit, interest & maturity.
Partial withdrawal
Withdraw up to 50% after age 18 for higher education.
Inbuilt Life Cover
One Step Toward Your Daughter's Future
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Home
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India Post Office
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Sukanya Samriddhi Yojana (SSY)
- Post Office Sukanya Samriddhi Yojana Monthly 500
Sukanya Samriddhi Yojana Calculator
Latest SSY interest rates: 8.20%
You can invest a maximum amount up to ₹1,50,000
Yearly
- ₹250
- ₹1,50,000
Govt. allows maximum age of enrollment to 10 years
Years
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Investment term is 21 years
Year
Total investment
₹1.5 Lakh
Total interest
₹3.3 Lakh
Maturity year
2047
Maturity value
₹4.8 Lakh
*for market linked plans only
Key Objective of the Post Office Sukanya Samriddhi Yojana
The main goal of the Sukanya Samriddhi Yojana is to empower girl children by ensuring they have access to funds for higher education or marriage after turning 18. The scheme encourages parents to save regularly by offering attractive interest rates and tax benefits under Section 80C of the Income Tax Act.
Post Office Sukanya Samriddhi Yojana Monthly 500
One of the biggest advantages of the Post Office Sukanya Samriddhi Yojana is that you can begin investing with as little as ₹500 per month (₹6,000 annually). Even small, consistent contributions can grow into a big amount over time due to the power of compounding magic.
For instance, let’s consider an example:
- Monthly investment: ₹500
- Annual contribution: ₹6,000
- Investment period: 21 years
- Current interest rate: 8.2% per annum
Sukanya Samriddhi Yojana Monthly 500 Chart
| Year | Total Invested | Interest Earned | Total Corpus |
| 1 | ₹6,000 | ₹492 | ₹6,492 |
| 3 | ₹18,000 | ₹3,270 | ₹21,270 |
| 5 | ₹30,000 | ₹8,196 | ₹38,196 |
| 7 | ₹42,000 | ₹16,442 | ₹58,442 |
| 10 | ₹60,000 | ₹35,120 | ₹95,120 |
| 12 | ₹72,000 | ₹52,984 | ₹1,24,984 |
| 15 | ₹90,000 | ₹86,640 | ₹1,76,640 |
| 18 | ₹90,000 (no new deposits) | ₹1,31,520 | ₹2,21,520 |
| 21 (Maturity) | ₹90,000 | ₹1,79,478 | ₹2,69,478 |
Depositing just ₹500/month for 15 years turns ₹90,000 into nearly ₹2.7 lakh, with zero deposits in the last 6 years, the money still grows purely on interest. That's the SSY compounding story.
Invest More Get More
Invest ₹10K/Month YOU GET ₹1 Crores* For Your Child
Invest ₹8K/Month YOU GET ₹80 Lakhs* For Your Child
Invest ₹5K/Month YOU GET ₹50 Lakhs* For Your Child
Standard T&C Apply *
Benefits of the Post Office Sukanya Samriddhi Yojana Monthly 500
- High interest rate: Currently, the Post Office SSY interest rates are the highest returns among small savings schemes.
- Tax benefits: Investments, interest earned, and maturity amount are fully tax-exempt under Section 80C.
- Long-term growth: The scheme’s maturity period ensures a significant corpus at adulthood.
- Safe investment: Backed by the Government of India, it offers guaranteed returns with no market risk and is considered one of the safest investment options in India.
Banks Offering SSY
SSY Calculators
Indian Overseas Bank Sukanya Samriddhi Yojana
IndusInd Bank Sukanya Samriddhi Yojana
Yes Bank Sukanya Samriddhi Yojana
Bank of India Sukanya Samriddhi Yojana
Kotak Bank Sukanya Samriddhi Account
Andhra Bank Sukanya Samriddhi Account
UCO Bank Sukanya Samriddhi Yojana
IDBI Bank Sukanya Samriddhi Yojana
Expand
Indian Bank- Sukanya Samriddhi Yojana Calculator
Sukanya Samriddhi Yojana- Central Bank of India Calculator
Canara Bank- Sukanya Samriddhi Yojana Calculator
Bank of Maharashtra- Sukanya Yojana Calculator
Sukanya Samriddhi Yojana Calculator Bank of India
Sukanya Samriddhi Yojana Calculator - Union Bank
Sukanya Samriddhi Yojana Calculator-UCO Bank
Sukanya Samriddhi Yojana Calculator - State Bank of India
Expand
Conclusion
The Post Office Sukanya Samriddhi Yojana is an excellent option for parents looking to secure their daughter’s financial future. Even a modest investment of ₹500 every month can grow into lakhs over time, making it one of the most efficient and rewarding long-term savings plans for girls in India.
FAQs
-
Can I really start Sukanya Samriddhi Yojana with just ₹500 per month?
Yes, you can start with a contribution of ₹500 per month (₹6,000 annually), which is above the minimum annual deposit requirement. Even small, consistent investments benefit from compounding over the long term. -
What is the minimum and maximum amount I can deposit in SSY?
The minimum deposit required in an SSY account is ₹250 per financial year, while the maximum you can invest is ₹1.5 lakh in a year. Contributions can be made in one lump sum or multiple instalments. -
How much can ₹500 per month grow into under SSY?
If you deposit ₹500 every month for 15 years, your total contribution will be ₹90,000. With an attractive interest rate and annual compounding, this can grow into a few lakhs over the long term, depending on the applicable rate during the tenure. -
Is investing ₹500 per month in SSY better than keeping money in a regular savings account?
For long-term goals like a daughter’s education or marriage, SSY usually offers a higher fixed interest rate than regular savings accounts, along with tax benefits and government backing, making it more suitable for long-term compounding.
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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.