The numbers
₹1,000 a month is ₹12,000 a year, or ₹1,80,000 over the 15 deposit years. At 8.2%, the account matures at about ₹5,74,570 — the interest is more than double what you paid in.
Other monthly amounts
| Monthly | Yearly | Total deposited | Maturity value |
|---|---|---|---|
| ₹250 | ₹3,000 | ₹45,000 | ₹1,43,642 |
| ₹500 | ₹6,000 | ₹90,000 | ₹2,87,285 |
| ₹1,000 | ₹12,000 | ₹1,80,000 | ₹5,74,570 |
| ₹2,000 | ₹24,000 | ₹3,60,000 | ₹11,49,139 |
| ₹5,000 | ₹60,000 | ₹9,00,000 | ₹28,72,848 |
| ₹12,500 | ₹1,50,000 | ₹22,50,000 | ₹71,82,119 |
The table assumes the year’s total is in the account by 5 April. If you pay monthly instead, the result is a little lower — a few percent — because later instalments earn interest for fewer months in that first year.
Can I pay monthly?
Yes. Post offices and banks accept any number of deposits in a year, in multiples of ₹50, as long as the yearly total is between ₹250 and ₹1,50,000. Many banks let you set up a standing instruction from your savings account, and India Post supports deposits through the IPPB app.
Who should choose ₹1,000 a month?
It is a comfortable amount for many families and still gives a solid sum for higher education at 18 (when you can withdraw up to half). If your income grows, you can raise the deposit any year — there is no need to fix the amount at the start.
How to open an account
Visit any post office or an authorised bank (SBI, Bank of Baroda, PNB, ICICI, HDFC and others) with your daughter’s birth certificate, your Aadhaar and PAN, address proof and the first deposit. Many banks also let you open an SSY account online if you already bank with them. One account per girl child is allowed, and the account can be transferred anywhere in India free of charge.
After that, deposits can be made by cash, cheque or online transfer. Keep the passbook updated or check the balance in your bank’s app; interest is credited once a year at the end of March. If you move abroad, the account continues, but check the latest rules for non-resident guardians.
A small, steady deposit also teaches a habit. Many parents show their daughter the passbook on her birthday each year — by the time she is a teenager she can see for herself how the balance has grown, mostly from interest.
Key Sukanya Samriddhi figures (checked 5 November 2026)
| Item | Figure |
|---|---|
| Interest rate (Oct–Dec 2026) | 8.2%, compounded yearly |
| Deposit limits | ₹250 – ₹1,50,000 per financial year |
| Deposit period | 15 years from opening |
| Maturity | 21 years from opening |
| Tax | EEE — interest and maturity tax-free |
FAQ
What is the maturity value for ₹1,000 per month in SSY?
About ₹5,74,570 after 21 years at 8.2%, on ₹1,80,000 deposited.
What does ₹500 a month give in Sukanya Samriddhi?
About ₹2,87,285 at maturity.
Can I change the amount every year?
Yes. Any amount from ₹250 to ₹1,50,000 per financial year is allowed.
Sources (checked 5 November 2026): Ministry of Finance small savings rates for October–December 2026, announced 30 September 2026 (SSY 8.2%; reported by Studycafe, Zee News and Free Press Journal); Sukanya Samriddhi Account Scheme, 2019 (G.S.R. 914(E)) and India Post SSA rules; Income-tax Act provisions for 80C and tax-free SSA interest.