Sukanya Samriddhi - Rs 1,500 Per Month Calculator
A Rs 1,500/month (Rs 18,000/year) SSY deposit at 8.2% for 15 years grows to approximately Rs 8.55 lakh at maturity (age 21). Total invested: Rs 2.7 lakh. Interest earned: Rs 5.85 lakh. Every rupee invested more than doubles even at this modest monthly amount. Opening SSY for a newborn maximizes the compounding period.
Total Deposited
₹22,50,000
15 years of deposits
Interest Earned
₹34,19,840
Maturity at Age 21
₹56,69,840
SSY rate: 8.2% p.a. compounded annually (Q1 FY 2026-27). Deposits for 15 years, maturity at girl's age 21. Min ₹250/year, max ₹1.5L/year. Interest fully tax-free under Section 80C.
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Common questions about Sukanya Samriddhi - Rs 1,500 Per Month Calculator
What is the minimum amount to open an SSY account?
Minimum opening deposit for SSY is Rs 250. Minimum annual deposit thereafter: Rs 250/year. Maximum annual deposit: Rs 1.5 lakh. There is no restriction on deposit frequency within a year - you can deposit monthly, quarterly, or annually. Online transfer through net banking is supported in all post offices with Aadhaar-linked accounts.
Should I open SSY with Rs 1,500/month or invest more in equity mutual funds?
SSY at 8.2% guaranteed, tax-free, is excellent for the Rs 1.5 lakh annual limit. Consider maxing SSY first (Rs 12,500/month to hit Rs 1.5 lakh/year limit) for your daughter's education/marriage fund. For additional savings beyond Rs 1.5 lakh/year, equity mutual funds at 12%+ make sense. Think of SSY as the guaranteed foundation and equity SIP as the growth layer.
Can I increase my SSY deposit amount every year?
Yes. You can vary the deposit amount each year between Rs 250 and Rs 1.5 lakh. Many parents increase the deposit as their income grows (similar to step-up SIP concept). The maximum limit of Rs 1.5 lakh per year is a hard cap - you cannot exceed it even if you want to. Additional savings for your daughter must go to other instruments like ELSS, PPF, or mutual funds.