Since its inception, the Central Government’s Sukanya Samriddhi Yojana has proven to be a major relief for parents seeking a secure investment option for their daughters’ long-term future. Launched almost ten years ago, this scheme remains one of the most trusted small savings schemes.

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When and why was the scheme launched?

The Sukanya Samriddhi Yojana was launched in 2015 as part of the Beti Bachao, Beti Padhao campaign. Its objective is to enable families to accumulate funds for their daughters’ education and marriage. Being a government scheme, it provides complete confidence in the investment and secures interest.

Age Requirements for Account Opening

This scheme is only applicable to girls under the age of 10. Parents or guardians can open a Sukanya account in their daughter’s name at post offices or authorised banks. Upon opening the account, a minimum annual deposit of ₹250 is required, with a maximum of ₹150,000.

Investment Period and Total Account Duration

Investment in the scheme is mandatory for 15 years, but the account remains active for a total of 21 years. Importantly, even if you stop investing after 15 years, the deposit continues to earn interest, generating substantial returns over the long term.

Interest Rate and Return Potential

The Sukanya Samriddhi Yojana currently offers an interest rate of 8.2 per cent per annum. This interest rate is quite attractive compared to other small savings schemes. If investors deposit ₹12,500 every month, or ₹1.5 lakh annually, the total investment will be ₹22,50,000 over 15 years. This yields an interest rate of approximately ₹49,32,119. The total return at maturity reaches approximately ₹71,82,119, providing ample funds for the daughter’s higher education or marriage.

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Why Sukanya Samriddhi Yojana a great option for daughters?

This scheme offers secure government coverage and tax benefits. Parents not only receive excellent interest, but the invested amount, earnings, and maturity amount are completely tax-free. This is considered the most effective and reliable option for building a large corpus over the long term.