Every parent dreams that their daughter has a golden future and she becomes financially capable. But, many times due to lack of financial prosperity, parents are not able to save properly for their daughters. In such a situation, poor and middle-class families have to face a lot of problems with big expenses like education and the marriage of girls.
Given all these challenges, our central government has started Sukanya Samriddhi Yojana (SSY). This is such a phenomenal scheme in which even by making less investment, you can create a fund of lakhs of rupees for your daughter. If you do not know how to invest in Sukanya Samriddhi Yojana and how this scheme works, then our article today can prove to be extremely helpful for you. Today in this post we will tell you how you can make your daughters’ future bright by investing in this popular savings scheme!
Sukanya Samriddhi Yojana
The central government launched the Sukanya Samriddhi Yojana in the year 2015 under the ‘Beti Bachao Beti Padhao’ campaign. The main objective of the government behind launching this scheme was to make girls financially capable of major expenses like proper education and marriage.
Through this scheme, the government encourages the parents of daughters to save. Through this scheme, girls not only get financial security, but they also get the benefit of many types of benefits and attractive interests under the scheme. The popularity of the SSY scheme is constantly increasing, as it is a reliable and long-term savings scheme. An account can be started easily in it and it can also be easily managed.
Interest Rate for Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is proving to be very beneficial for those families who are financially weak. This is because in this every parent can start an account with a minimum of ₹ 250 according to their savings.
Parents who can invest more can invest up to a maximum of ₹ 1.5 lakh every year. Along with this, let us tell you that under this scheme, a high interest rate of 8.2% is available in the year 2025. Apart from this, for information, let us also tell you that it gives the benefit of compound interest every quarter. In this way, your money grows very fast in this investment scheme.
Who can open an account
To start a savings account through Sukanya Samriddhi Yojana, you should know the following eligibility conditions:
Investment accounts can be started only for daughters up to the age of 10 years through Sukanya Samriddhi Yojana.
Only parents or legal guardians can open this account for the girl child.
Sukanya Samriddhi’s Account can be started only for two daughters in a house. But, if twin daughters are born, then all three daughters get the benefit of the scheme (ie, two normal children and all three in a twin set).
It is also important that the girl child is born in India only.
How to apply for Sukanya Samriddhi Yojana
Opening an account under Sukanya Samriddhi Yojana has now become much easier and you can start it by following the following procedure:
First of all, you have to go to a post office or related bank (like SBI, ICICI Bank, PNB, Axis Bank, etc.) near your home.
There you have to get complete information about this scheme and fill out the application form. Fill out the form carefully and with the correct information.
Once your application form is filled, you have to attach photocopies of all the important documents to it. This will include the daughter’s birth certificate, identity proof of parents/guardians (like an Aadhaar card, or PAN card), and address proof.
Now you have to deposit a minimum amount of ₹250 with your application to the bank officer or post office employee.
Your application will be verified, and then your Sukanya Samriddhi account will be activated. You will be given a passbook and other documents related to the account.