Sukanya Samriddhi Yojana- Sukanya Samriddhi Yojana, run by the Central Government for the bright future of daughters and their education and marriage, is becoming increasingly popular among the people across the country. This scheme is run through both post offices and banks, but in rural and small towns, people trust the post office the most.

Under Sukanya Samriddhi Yojana, an account can be opened in the name of the daughter if she is between 1 to 10 years of age. If the parents deposit just Rs 1000 every month in this account, then in a period of 15 years, the total deposit and interest can amount to Rs 5,54,595 on maturity.

Asim Khan, SSP Post Office Officer Khandwa says that in this scheme the government is giving a maximum of 8 per cent annual interest, which is much higher than the existing savings schemes. The interest is calculated on the minimum balance amount every year and this amount is added to the account annually.

When and how will the money be available?

In Sukanya Yojana, the amount can be withdrawn after 21 years from the date of opening the account or at the time of the daughter’s marriage/higher education (after completing the age of 18 years). The facility of partial withdrawal has also been provided before the account maturity, but that is possible only under special circumstances.

The effect of this scheme is clearly visible in Madhya Pradesh as well. Khandwa district is on top in this. More than 8000 accounts have been operated in just 4 months from April to August 2025. All these accounts have been opened by fathers and guardians for their daughters. This figure proves how aware the people here are about the future of their daughters. According to post office officials, people in rural areas are liking this scheme more because it offers the benefits of government guarantee, better interest rate and tax exemption together.

The amount invested in Sukanya Samriddhi Yojana is eligible for tax exemption of up to ₹1,50,000 under Section 80C of the Income Tax Act. Apart from this, the interest received on this account and the entire maturity amount are completely tax free.

Account opening process
Daughter’s birth certificate
Guardian’s identity card (Aadhar card/PAN card)
Address proof
Minimum deposit amount Rs 250 to Rs 1,50,000 per year
To open an account, an application form has to be filled in the post office or authorized bank.