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The Economic Times

Sneha Kulkarni

Sukanya Samriddhi Yojana calculator: Can you build Rs 50 lakh corpus in SSY by investing Rs 50,000/year?

SSY Sukanya Samriddhi Yojana

Sukanya Samriddhi Account (SSA), popularly known as Sukanya Samriddhi Yojana (SSY), is one of the popular investment schemes for a girl child. This small savings scheme has been designed specifically for girl children and currently offers an interest rate of 8.2% per annum, compounded annually.

If the parent of a girl child consistently invests the full limit of annual deposits in Sukanya Samriddhi Yojana, they can create a substantial amount that can be used for the education or marriage of the girl child.

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