The Sukanya Samriddhi Yojana is a significant scheme launched by the Government of India to secure the future of girls financially. The scheme aims to give parents the confidence to create a large fund for their daughter’s higher education and marriage without any financial pressure. Prime Minister Narendra Modi recently announced that more than 40 million Sukanya accounts have been opened in the country so far, with a total deposit of over ₹ 3.25 lakh crore. This clearly demonstrates the scheme’s rapid popularity among the public.
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What is the Sukanya Samriddhi Yojana?
This scheme is one of the central government’s small savings schemes, specifically designed for girls. Parents or legal guardians can open this account in the daughter’s name. The account matures when the daughter turns 21. Interest accrues annually on the deposited amount during this period, and the entire amount is disbursed in a lump sum at maturity.
Why did the government launch this scheme?
The government’s objective was to relieve families of the heavy expenses associated with their daughters’ education and marriage. This scheme has become a powerful tool to reduce the financial burden on families and secure their daughters’ future. This scheme is also an integral part of the Beti Bachao, Beti Padhao campaign.
Interest Rate and Features
The interest rate on this scheme for the current quarter, October to December 2025, is 8.2 per cent. This rate is the highest among all small savings schemes. Interest is calculated on the minimum monthly balance and credited to the account at the end of the financial year. Due to this high interest rate, this scheme offers attractive returns over the long term.
How much and for how long can one invest?
The minimum annual deposit in this account is ₹250, and the maximum is ₹150,000. The investment period is 15 years, while the account matures after 21 years. This means that even if you deposit for the first 15 years, the interest continues to compound for the last six years, increasing the maturity amount exponentially.
Full Tax Benefits
Investors who choose the old tax regime are eligible for a deduction of up to ₹1.5 lakh under Section 80C. Furthermore, the deposit, interest, and maturity amount are completely tax-free, making this scheme highly beneficial for tax savings.
How ₹72 lakh is generated
If a person deposits ₹1.5 lakh every year in this scheme from the time of their daughter’s birth, their total investment will be ₹22,50,000 in 15 years. Based on an 8.2 per cent interest rate and compounding, this amount grows to approximately ₹71,82,119, or approximately ₹72 lakh, after 21 years. Even after the deposit period ends, the interest earned on the account multiplies this amount. This return is much higher than existing fixed deposits and many other investment options.
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Why is this scheme beneficial for all sections of society
The biggest advantage of the Sukanya Samriddhi Yojana is that it can be activated with just ₹250 annually. Therefore, even small and low-income families can easily create a secure fund for their daughters. High interest rates, tax-free returns, and guaranteed maturity make it one of the best schemes for a daughter’s future.