New Delhi, Aug. 23 -- For parents looking to build a long-term fund for their daughter, the Sukanya Samriddhi Yojana (SSY) offers a government-backed savings option with the benefit of annual compounding. The scheme currently carries an 8.2% annual interest rate, with rates reviewed by the government every quarter.

That is why it is essential for aspiring investors to understand the salient features of the SSY scheme, plan their investments, and reap its benefits to support their daughters financially.

So, what happens if you invest Rs.5,000 every month in this scheme? Let us check the scheme's calculations and other features that can help aspiring investors plan their investments better.

A Rs.5,000 monthly contribution amounts to Rs.6...