Sukanya Samriddhi Yojana: The central government periodically launches various schemes to promote savings among the general public in the country. Among these schemes, one scheme is specifically designed with the bright future of daughters in mind. This scheme is the Sukanya Samriddhi Yojana, which provides parents with secure and high-interest interest while also building a strong foundation for their daughter’s major expenses. Currently, this scheme offers an attractive interest rate of 8.2 per cent, making it more beneficial than many other traditional schemes.
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Sukanya Samriddhi Yojana: For Whom and How
Under this scheme, an account can be opened in the name of any girl child under the age of 10 at a bank or post office. Parents can start investing in this account with a minimum contribution of ₹250 per year, with a maximum limit of ₹1.5 lakh. This account is opened in the daughter’s name and the investment period lasts for 15 years, but the entire scheme matures at 21 years. This means that even after depositing for 15 years, interest on the account continues to accrue until the age of 21.
Account for How Many Daughters in a Family
According to the scheme rules, accounts can be opened in the name of a maximum of two daughters in a family. However, if twins are born in a family, accounts for more than two daughters are also permitted.
Account Closure in Famine Conditions
If the daughter reaches the age of 18 and her marriage is fixed, the facility to close the account prematurely is also available. The government has included this provision so that parents can receive financial assistance for major expenses like marriage.
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Funds of over ₹69 lakh can be obtained
If you deposit ₹1.5 lakh into the account every year, your total investment over 15 years will be ₹22,50,000. After 21 years, including interest, this account is worth approximately ₹69,27,578. Of this amount, approximately ₹46,77,578 is earned as interest alone, representing the scheme’s greatest strength. Safe investments, government guarantees, and high long-term returns—all of this makes it one of the most popular schemes for the future of daughters in the country.
