Sukanya Samriddhi Yojana As a part of the Beti Bachao Beti Padhao campaign, Prime Minister Narendra Modi launched a scheme called ‘Sukanya Samriddhi Yojana (SSY). The campaign literally translates to ‘Girl Child Prosperity Scheme’ in line with the above objectives. It was launched on 22 January 2015 in Panipat, Haryana. Sukanya Samriddhi Yojana benefits

Key Features of Sukanya Samriddhi Yojana

• Eligibility: Open to parents or guardians of girl children.
• How To Open Account: Accounts can be opened at all operational post offices and designated branches of banks.
• Minimum Deposit: Rs. 250 per annum, Maximum up to Rs.
• Maturity: The account matures after 21 years of the opening date or when the girl reaches 25 (whichever is earlier).
• Interest Rate: The government declared the interest rate on SSY, which is generally greater than other savings schemes and comes quarterly.

1. The rate of interest for Sukanya Samriddhi Yojana for the financial year 2024-2025 is 8.20% per annum,

Pros of Sukanya Samriddhi Yojana 

• Impressive interest rates: The SSY has a high interest rate, due to which it provides a huge return on the investment.
• Tax Benefits: A subsidy of your savings by way of tax-exempt interest.
• Guarantee of Investment: The scheme is assured by the government, making it a secure and trustworthy investment avenue.
• Premature withdrawals: Under special circumstances like marriage or to fund higher education, partial withdrawals are allowed after the girl child attains 18 years of age.

How to Open a Sukanya Samriddhi Yojana Account

Through With this article today, we will get to know what documents are required for the opening of an SSY account.

• Identity proof of girl child and parents/legal guardian
• Proof of address
• Birth certificate of the female child
• Girl child passport sized photograph not more than 6 months old.

Why Invest in Sukanya Samriddhi Yojana

The Sharia Shakti Yojana is a good option for parents who wish to save funds or invest in the future of their daughter. With high returns, tax benefits, and government backing, its a dependable option for long-term savings. By purchasing SSY, you can secure your daughter’s dreams and give her a worry-free life. Sukanya Samriddhi Yojana interest rate 2025

Conclusively, we can say that the Sukanya Samriddhi Yojana is an all-inclusive saving scheme that ensures a safe future with good returns. Once you are aware of the important features and advantages attached to SSY, it will become easier for anyone who plans in that stream regarding their child.