Sukanya Samriddhi Yojana: Deposit ₹1.5 Lakh and Earn 8.2% Interest, Know the Benefits of Investing in Sukanya Samriddhi Yojana

The Sukanya Samriddhi Yojana (SSY) is an important savings scheme launched by the Government of India, aimed at securing and empowering the future of girls.

This scheme was introduced under the “Beti Bachao, Beti Padhao” campaign, which helps cover the educational and marriage expenses of girls.

Under this scheme, parents can open a savings account in the name of their daughter, where they can deposit between ₹250 to ₹1.5 lakh annually.

Currently, the Sukanya Samriddhi Yojana offers an interest rate of 8.2%, which is revised periodically by the government. This scheme not only secures the future of girls but also provides tax benefits under Section 80C of the Income Tax Act.

The maturity period of an account opened under this scheme is 21 years, but the investment can only be made for a duration of 15 years.

Sukanya Samriddhi Yojana 2025:

The main objective of the Sukanya Samriddhi Yojana is to secure and empower the future of girls. This scheme helps cover their educational and marriage expenses. Through this scheme, parents can make a safe and attractive investment in the name of their daughter.

Key Features of the Scheme:

• Maturity Period: 21 years (whichever comes first: the girl’s marriage or her 21st birthday)
• Investment Period: 15 years
• Minimum Investment Amount: ₹250
• Maximum Investment: ₹1.5 lakh per year
• Interest Rate: 8.2% (current rate)
• Tax Benefits: Under Section 80C of the Income Tax Act
• Age to Open an Account: The daughter must be under 10 years of age.

Summary of Sukanya Samriddhi Yojana (Table)

Point	Details
Scheme Name	Sukanya Samriddhi Yojana (SSY)
Maturity Period	21 years (whichever comes first: the girl’s marriage or her 21st birthday)
Investment Period	15 years
Minimum Investment	₹250
Maximum Investment	₹1.5 lakh per year
Interest Rate	8.2% (current rate)
Tax Benefits	Under Section 80C of the Income Tax Act
Age to Open an Account	The daughter must be under 10 years of age
How to Open an Account	Through a bank or post office

Benefits of Sukanya Samriddhi Yojana:

1. Safe Investment
   Investing in Sukanya Samriddhi Yojana is completely safe as it is government-backed. It carries minimal risk and guarantees returns.
2. High Interest Rate
   The current interest rate for this scheme is 8.2%, which is higher compared to other savings schemes. This interest rate is revised periodically.
3. Tax Savings
   Investing in Sukanya Samriddhi Yojana offers tax benefits under Section 80C of the Income Tax Act. This is a significant advantage for investors, reducing their taxable income.
4. Reinvestment of Interest
   The interest earned is added to the principal every year, providing the benefit of compounding. This makes the investment even more attractive.
5. Loan Facility
   Accounts opened under the Sukanya Samriddhi Yojana can be used as collateral for loans, providing an additional benefit for investors.
6. Easy Application Process
   Accounts under the Sukanya Samriddhi Yojana can be easily opened through banks or post offices, making it simple for investors to participate.

Returns from Investing in Sukanya Samriddhi Yojana:

If you invest ₹1.5 lakh annually in Sukanya Samriddhi Yojana, the total deposit over 15 years will be ₹22.5 lakh.

With the current interest rate of 8.2%, you will receive approximately ₹64 lakh after 21 years. This calculation is based on compounding, allowing you to earn interest on the interest.

Example:

• Investment Amount: ₹1.5 lakh per year
• Investment Period: 15 years
• Interest Rate: 8.2% per annum
• Total Deposit Amount: ₹22.5 lakh
• Total Amount at Maturity: Approximately ₹64 lakh

Documents Required to Open a Sukanya Samriddhi Yojana Account:

• Girl’s Birth Certificate
• Parents’ Identity Proof (Aadhaar Card, PAN Card)
• Residence Proof
• Passport-size Photograph

Process to Open a Sukanya Samriddhi Yojana Account:

1. Visit the nearest bank or post office.
2. Carry the required documents such as the girl’s birth certificate, parents’ identity proof, and residence proof.
3. Make the payment for the investment amount and open the account.
4. After opening the account, receive the certificate and keep it safe.

Conclusion

The Sukanya Samriddhi Yojana is an important and secure investment option that helps secure and empower the future of girls. Investing in this scheme not only helps achieve long-term financial goals but also provides the benefit of earning interest on interest through compounding.

If you invest ₹1.5 lakh per year, you will receive approximately ₹64 lakh after 21 years, which is an excellent return.