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What is SSY
Features
SSY Calculator
Alternate Products

Sukanya Samriddhi Yojana (SSY)

Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme designed to encourage long-term savings for a girl child’s education and marriage. The account can be opened in the name of a girl child below the age of 10 years and is operated by a parent or legal guardian.

The scheme offers a fixed, government-declared interest rate, which is compounded annually and is generally higher than traditional bank fixed deposits. Contributions can be made for 15 years, while the account matures 21 years from the date of opening.

Mother and Child

Features and Limitations

Sukanya Samriddhi Yojana (SSY) offers benefits for girl children. However, several restrictions limit its effectiveness for long-term wealth building.

FeaturesSukanya Samriddhi YojanaLimitations
Interest RateCurrently 8.2% per annumRate announced quarterly and can change over time
Investment Period15 years from the date of opening the account openingAfter 15 years, no further deposits are possible. Limits growth potential
Lock-In PeriodAccount matures after 21 yearsReduces flexibility if funds needed earlier.
WithdrawalWithdrawals permitted mainly for education or marriage after age 18Not possible to withdraw corpus for other needs
Annual CapInvestments capped at Rs 1.5 lakh per yearNot possible to invest more. Limits corpus building potential
Loan FacilityLoans cannot be taken against SSYNot possible to use the investment in emergencies
Term of InvestmentLong-Term Only; Maturity after 21 yearsUnsuitable for goals arising before the girl child turns 18.

Sukanya Samriddhi Yojana CALCULATOR

See how much your Girl child will have after end of 21 years
Use this calculator to calculate the maturity value of the Sukanya Samriddhi Yojana (SSY) investment. 

Enter the amount of money that you would like to invest in this scheme every month.
  • The investment period is 15 years.
  • The investment gets matured in 21 years

ALTERNATE Products

Compare Sukanya Samriddhi Yojana (SSY) with OTHER alternatives. 
sbi-life-insurance-vector-logo-2022-small
SBI Life - Smart Scholar Plus

Give your child the independence to choose their dreams with SBI Life – Smart Scholar Plus that fulfills your child’s dreams proactively by creating a corpus for a secured financial future through market linked returns, against all odds.

Features
  • Market Linked Returns - Past returns between 12-14%
  • Life Insurance for Parent
  • Investment Continues, even if parent is not around
  • No Limit on Investment Amount
  • Investment is Tax Free (till Rs 1.5 Lacs per annum)
  • Returns are Tax Free (till investment of Rs 2.5 Lacs per annum)
SBI Mutual Fund
SBI Children's Fund - Investment Plan

A plan that can help you give your children a head start to their dreams. SBI Children’s Fund – Investment Plan can help you meet your child’s education needs over a long period of time with a goal-based investment plan

Features
  • Market Linked Returns. Last 5 years returns are over 30% CAGR
  • No Limit on Investment Amount
  • Only 5 years lock in or till child attaings age of 18

Compare SSY with SBI Products

See how your investment grows over 21 years. Alternate products deliver significantly higher returns

Rs. 72 L

Sukanya Samriddhi Yojana

Return assumed at 8.2%

Rs. 1.23 Cr

SBI Products

Lower Range returns of around 12%

Rs. 1.64 Cr

SBI Products
Higher Range returns of around 14%

Act Now! Get the magic of these alternate products for your child. Secure their future with higher returns and flexibility

Disclaimer: Aureva does not have products of its own. It distributes products that are issued by leading Mutual Funds and Insurance companies. These products and companies are regulated by SEBI and IRDAI respectively. The products suggested here are subject to market risk and the returns are not guaranteed. 

Contact Us Today!

Get BETTER products for your girl child.

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SSY_Contact
Aureva Capital is a Wealth Management firm working with senior corporate leaders and business professionals to help them and their families achieve long-term financial goals. Our focus spans wealth creation, retirement planning, children’s education and future planning, and legacy structuring – delivered through personalized advice, technology-driven insights, and a wide range of investment solutions.

Aureva is led by a highly qualified team, founded by alumni of the Indian Institute of Management (IIM) and the Indian Institute of Technology (IIT). The founders are NISM certified Investment Advisors with over two decades of experience across financial services and investing.

Know more about us at: https://aurevawealth.com

Aureva Capital Private Limited

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