Top News

The Sukanya Samriddhi Yojana was launched in 2015 under the Beti Bachao Beti Padhao (Save the Daughter, Educate the Daughter) campaign. Under this scheme, parents or guardians can open an account in the name of their daughter who is less than 10 years old.

If you are a parent of a daughter and are concerned about her secure and bright future, the Sukanya Samriddhi Yojana can be a good option for you. This is a reliable savings scheme of the Government of India, which allows you to build a large fund over the long term by starting with a small amount. This scheme offers more than 8 percent annual interest, which provides a strong financial foundation for major expenses like your daughter's education and marriage.

What is the Sukanya Samriddhi Yojana?

The Sukanya Samriddhi Yojana was launched in 2015 under the Beti Bachao Beti Padhao campaign. Under this scheme, parents or guardians can open an account in the name of their daughter who is less than 10 years old. Opening accounts for two daughters in a family is permitted, and there are relaxations in the rules for twin daughters. A minimum of Rs. 250 and a maximum of Rs. 1.5 lakh can be invested annually in the Sukanya Samriddhi Yojana. Currently, the scheme offers 8.2 percent annual compound interest, which the government revises every quarter. This compound interest multiplies the investment many times over in the long run.

15 years of investment, maturity at 21 years

A Sukanya Samriddhi account can be opened at any authorized bank or post office. Money needs to be deposited in this account for only 15 years, while the account matures when the daughter turns 21 years old. The special feature is that even after 15 years, the money continues to grow with interest without any further investment. After the daughter turns 18 or passes the 10th grade, up to 50 percent of the deposited amount can be withdrawn from the account for her higher education. The entire amount can also be withdrawn for the daughter's marriage after she turns 18. If parents open an account in their one-year-old daughter's name and deposit ₹1.5 lakh every year for 15 consecutive years, the total investment would be ₹22.5 lakh. With the accrued interest, the amount at maturity after 21 years could reach approximately ₹69 to ₹72 lakh.

Complete Tax Benefits

The Sukanya Samriddhi Yojana falls under the EEE (Exempt-Exempt-Exempt) category. This means that the invested amount is eligible for tax deduction under Section 80C, the interest earned on the account is tax-free, and the maturity amount is also tax-exempt. The Sukanya Samriddhi Yojana is a completely government-guaranteed scheme, unaffected by market fluctuations. This is why it is considered one of the safest and most reliable investment options for securing a daughter's future. Today, millions of parents across the country are securing their daughters' future through this scheme.