The Sukanya Samriddhi Yojana (SSY), a flagship small savings scheme under the Government of India’s Beti Bachao, Beti Padhao initiative, continues to provide a strong financial backbone for the future of girl children across the country.
Benefits of the Scheme
The SSY offers one of the highest interest rates among small savings schemes, currently at 8.2% per annum (subject to quarterly revisions by the government). It provides:
- Tax benefits under Section 80C of the Income Tax Act.
- Tax-free maturity amount and interest earnings.
- Long-term savings with a maturity period of 21 years from the date of account opening.
- Partial withdrawal facility of up to 50% of the balance after the girl turns 18, helping in higher education or marriage expenses.
- Minimum deposit of just ₹250 annually, ensuring affordability for families across income groups.
Eligibility Criteria
- The account can be opened only in the name of a girl child before she attains the age of 10 years.
- A parent or legal guardian can open the account.
- Each girl child is allowed one account only, and a family can open a maximum of two accounts for two daughters (exceptions made in case of twins or triplets).
Empowering Families, Securing Futures
By encouraging disciplined savings and offering assured returns, SSY has emerged as a trusted investment choice for parents looking to build a secure financial foundation for their daughters. With its dual advantage of high returns and tax savings, the scheme is not just about financial planning—it is about empowering the girl child for a brighter future.
At an interest rate of 8.2% per annum, SSY offers better returns than most fixed deposits and provides complete tax exemption on investment, interest, and maturity under Section 80C.
For example, if you deposit ₹27,000 annually, your total savings over 15 years will be ₹4,05,000. By maturity, this grows to about ₹12.46 lakh, nearly tripling your investment. This makes SSY a safe and rewarding choice for parents who want to secure funds for their daughter’s education, marriage, or entrepreneurial dreams. With small yearly contributions, you can build a strong financial foundation and ensure your daughter’s future is bright and independent.
