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In today’s uncertain financial environment, parents are increasingly looking for safe and guaranteed investment options to secure their daughter’s education and marriage expenses. While market-linked investments like mutual funds and equities can be volatile, Post Office small savings schemes continue to offer stability and assured returns.

One such government-backed scheme designed exclusively for girls is the Sukanya Samriddhi Yojana (SSY), also commonly referred to as the Kanya Sukanya Scheme.

What Is Sukanya Samriddhi Yojana?

Sukanya Samriddhi Yojana is a central government savings scheme launched to encourage parents to financially plan for their daughters’ future. The scheme focuses on long-term wealth creation for education and marriage-related expenses.

An SSY account can be opened:

• In the name of a girl child aged 10 years or below

• By a parent or legal guardian

• At any post office or authorised bank in India

Investment Limits and Interest Rate

One of the key attractions of this scheme is its low entry requirement and high interest rate.

• Minimum yearly deposit: ₹250

• Maximum yearly deposit: ₹1.5 lakh

• Current interest rate: 8.2% per annum (compounded yearly)

The government reviews and revises the interest rate every quarter, and historically, SSY rates have remained higher than most fixed deposits.

How Can the Corpus Reach ₹71 Lakh?

The long-term power of compounding makes this scheme especially attractive.

If a parent invests:

• ₹1.5 lakh every year

• For 15 consecutive years

The total investment comes to ₹22.5 lakh.
After the deposit period ends, the account continues to earn compound interest for another 6 years without additional contributions.

At maturity (21 years), and at the current interest rate of 8.2%, the total corpus can grow to approximately:

• Total maturity amount: ₹71.8 lakh

• Total interest earned: Around ₹49.3 lakh

This calculation clearly shows how disciplined savings over time can create a substantial fund.

Major Tax Benefits

Sukanya Samriddhi Yojana falls under the EEE (Exempt–Exempt–Exempt) category:

• Investments qualify for tax deduction under Section 80C

• Annual interest earned is completely tax-free

• Maturity amount is also fully exempt from income tax

This makes SSY one of the most tax-efficient savings options available in India.

Important Rules to Know

• Only one account per girl child is allowed

• A family can open accounts for a maximum of two daughters

• In case of twins or triplets, special relaxation is provided

• After the girl turns 18, up to 50% of the balance can be withdrawn for higher education

• Full withdrawal is allowed after maturity or at the time of marriage

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