Post Office Sukanya Samriddhi Yojana Monthly ₹5000

FAQs

• 1. What happens if I deposit ₹5,000 per month in Sukanya Samriddhi Yojana?

  In the case of an investment made in Post Office Sukanya Samriddhi Yojana of ₹5000 monthly, the yearly contribution made is ₹60,000 in the account. You can deposit for up to 15 years, starting from the day of account opening, and the account matures after 21 years. The amount of maturity will be determined by the interest rates charged during the investment period.

• 2. What will be the amount of money in 21 years of Sukanya Samriddhi Yojana?

  The maturity of the account is 21 years from the date of opening. The 15-year deposit of ₹5000 made monthly will yield a maturity corpus depending on the rates of interest charged on the deposit during the period of account. Since the SSY interest rates are revised periodically, the final maturity amount cannot be calculated using the current interest rate of 8.2% over the entire period of 21 years.

• 3. What happens if the Sukanya Samriddhi Yojana is not paid for 3 years?

  Failure to make the minimum annual deposit is considered a default of the SSY account. It can be regularised by the minimum amount of deposit to be paid every year of default plus a ₹50 default fee for every year of default as per the applicable rules.

• 4. Is it possible to deposit money after 15 years in Sukanya Samriddhi?

  No. It is possible to make deposits only for 15 years after opening the account. After this period the account will continue to get applicable interest up to the maturity period of 21 years, and no further deposits are needed.

• 5. What if a girl dies in Sukanya Samriddhi Yojana?

  In case of the death of the girl child who is the SSY account holder, the account can be closed on producing the necessary papers, including the death certificate. The balance is paid based on the rules of SSY and deceased-claim. The interest on the amount between the date of death and the date of the account closure is paid at the prevailing Post Office Savings Account rate.

• 6. What is Sukanya Samriddhi ₹4,000 per month?

  A monthly payment of ₹4,000 to Sukanya Samriddhi Yojana will be ₹48,000 every year. By continuing to deposit for 15 years, you will have deposited a total of ₹7.2 lakh, but the account will earn interest until maturity, based on the current rate of interest on SSY.

• 7. What is the amount of ₹1,000 per month in Sukanya Samriddhi Yojana?

  A ₹1,000 monthly contribution amounts to ₹12,000 annually. Over 15 years, the total deposits would be ₹1.8 lakh. The account will start earning interest after the deposit period up to the maturity date and therefore the amount that will be obtained at maturity will be more than the cumulative contributions.