Discover how Sukanya Samriddhi Yojana can secure your daughter’s future. Get details on interest rates, tax benefits, eligibility, deposits, and maturity rules in 2025.

Every parent wants to secure their daughter’s future—good education, financial stability, and a respectable life ahead. But with rising expenses and increasing inflation, saving for the long term often becomes challenging. To support parents in this journey, the Government of India introduced a special savings scheme known as the Sukanya Samriddhi Yojana (SSY). This is one of the most trusted and high-return schemes designed exclusively for girl children.

In this process, you will learn everything about Sukanya Samriddhi Yojana, including eligibility, interest rates, deposit rules, tax benefits, the withdrawal process, and why this plan is considered the best for girl child investment in India.

What Is Sukanya Samriddhi Yojana?

Sukanya Samriddhi Yojana is a government-backed small savings scheme that allows parents or guardians to open an account in the name of their daughter before she turns 10 years old. The purpose of this scheme is to help parents build a substantial fund for their daughter’s education, marriage, or future financial needs. This scheme offers one of the highest interest rates compared to other savings plans, making it a secure and profitable investment choice.

Top Benefits of Sukanya Samriddhi Yojana

1. High Interest Rate

Sukanya Samriddhi Yojana offers a higher interest rate than normal savings accounts and many fixed deposits. This helps parents generate a strong corpus over the years.

2. Triple Tax Benefits

Deposits made in this scheme qualify for tax deductions under Section 80C. The annual interest earned and the maturity amount are also completely tax-free, making the plan an EEE (Exempt–Exempt–Exempt) category scheme.

3. Designed for Girl Child Security

This scheme is exclusively created to financially empower girl children in India, ensuring they get equal opportunities for education and growth.

4. Compounding Interest Advantage

The account earns compound interest, meaning the longer you invest, the bigger the final amount becomes. This is ideal for long-term financial planning.

5. Government-Guaranteed

Being a government-supported scheme, it carries zero risk. Your money is completely safe, making it a reliable investment for conservative parents.

Eligibility Criteria

To open an SSY account, here are the rules:

• The account must be opened in the name of a girl child.
• The child girl must be below 10 years of age at the time of opening the account.
• Only one account can be opened per girl.
• A maximum of two accounts per family is allowed. However, if twins or triplets are born, more accounts may be permitted.

Deposit Rules

Minimum and Maximum Deposit Limits
Feature Amount

• Minimum yearly deposit: ₹250
• Maximum yearly deposit: ₹1,50,000
• Deposit multiples ₹50

You can deposit anytime during the financial year. Deposits are allowed for 15 years from the date of opening the account. After 15 years, no further deposits are required, but the account continues to earn interest until maturity.

Interest Rate of Sukanya Samriddhi Yojana

The interest rate of the scheme is announced by the government every quarter. Over recent years, the rate has remained among the highest across all government-backed savings schemes. The interest is calculated annually and compounded yearly, which significantly increases the maturity value.

How the Account Operates

Until the girl turns 18 years old, her parent or legal guardian manages the account. Once she turns 18, she can take control of her account independently. This gives the daughter early exposure to financial management.

Withdrawal Rules

Sukanya Samriddhi Yojana allows partial withdrawal of up to 50% of the account balance after the girl turns 18 years of age or passes Class 10, whichever comes first. The withdrawn amount can be used for higher education or professional courses. This makes the scheme extremely useful at a crucial stage of the child’s academic life.

Premature Closure

The account can be closed before maturity only under exceptional circumstances such as

• Death of the account holder
• Life-threatening illness
• Extreme financial hardship in the family
• Marriage of the girl after she turns 18 with valid age proof
• These rules ensure that the account remains dedicated to the actual purpose of supporting the girl’s future.

Maturity Period

A Sukanya Samriddhi account matures 21 years from the date of opening. After maturity, the full amount along with interest is handed over to the girl. She can choose to withdraw or continue earning interest if she wishes.

This maturity amount can cover higher education costs, overseas studies, business ideas, or wedding expenses—giving her financial freedom and choices.

Required Documents

To open an SSY account, the following documents are typically needed:

1. Birth certificate of the girl child
2. Identity proof of parent/guardian
3. Address proof
4. Passport-sized photographs
5. Where to Open the Account
6. Parents can open Sukanya Samriddhi Yojana accounts at:
7. Any Post Office
8. Public sector banks like SBI, PNB, Bank of Baroda, etc.
9. Selected private banks authorized to operate small savings schemes
10. These institutions act as official facilitators.

Why Every Parent Should Choose Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana stands out because:

• It creates disciplined long-term savings habits
• It provides guaranteed, tax-free returns
• It is designed exclusively for girl child empowerment
• It helps build a substantial financial backup for higher studies and marriage
• It is safe, secure, and backed by the Government of India

When you compare SSY with bank fixed deposits, mutual funds, or recurring deposits, SSY wins due to its combination of high interest, assured returns, tax benefits, and long-term vision.

Final Thoughts

If you are a parent blessed with a daughter, Sukanya Samriddhi Yojana is not just an option—it is an opportunity. The earlier you start, the bigger her returns and the stronger her future become. With a minimum deposit of just ₹250 per year, even families with moderate income can secure a significant wealth corpus for their girl child.

Your small contribution today can become her biggest financial strength tomorrow.
Invest in Sukanya Samriddhi Yojana—because a girl’s dreams deserve not just wings, but a strong financial foundation.