The government runs several schemes to secure the future of daughters in the country, of which the Sukanya Samriddhi Yojana is considered the most reliable and profitable option. This scheme remains the preferred choice of millions of families due to its low investment, high interest rate, and virtually zero risk. This account, opened in the daughter’s name, is operated at both post offices and authorised banks and offers the opportunity to receive a large sum of money upon maturity.
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Sukanya Samriddhi Yojana Interest Rate
The Sukanya Samriddhi Yojana is considered the highest-interest-paying scheme among all small savings schemes. Its interest rate is fixed at 8.2 per cent for the October-December 2025 quarter. The interest rate is revised quarterly, but this rate has remained stable and attractive for the past several years.
Over 4 Crore Accounts in the Country
Recently, Prime Minister Narendra Modi informed that the number of accounts under this scheme has crossed the 4 crore mark, with deposits of over ₹3.25 lakh crore. This number reflects how aware parents are becoming about their daughters’ futures.
How much can be invested annually?
The minimum deposit amount in this scheme is ₹250. The maximum investment limit is ₹1.5 lakh per year. Parents can deposit this amount in one go or in multiple instalments. Monthly deposits are also allowed, allowing small contributions to build a larger corpus.
Investment and Maturity Period
Investments in the Sukanya Samriddhi Yojana can be made for up to 15 years from the date of account opening. However, maturity is granted only when the daughter turns 21. This means that the deposit period and maturity period are separate, allowing the account to grow over a longer period.
Tax Benefits and Entire Income Tax-Free
The amount deposited in this scheme is eligible for tax deduction under Section 80C of the Income Tax Act. This benefit is available only to those who choose the old tax system. The biggest advantage of the scheme is that the deposit, interest, and maturity are all tax-free.
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Approximately ₹72 lakh will be received upon maturity.
If a parent starts investing ₹1.5 lakh every year from the time of a daughter’s birth, then at an interest rate of 8.2 per cent, they can receive approximately ₹71.82 lakh by the time the daughter turns 21. The total amount deposited is ₹22.5 lakh, while the interest earned is over ₹49 lakh.