Sukanya Samridhi Yojana: Secure Girl Child’s Future By Investing Just Rs 250 And Get Rs 5 Lakh After Maturity

Sukanya Samridhi Yojana: Secure Girl Child's Future By Investing Just Rs 250 And Get Rs 5 Lakh After Maturity

As part of the government’s “Beti Bachao, Beti Padhao” campaign, Prime Minister Narendra Modi introduced the Sukanya Samriddhi Yojana, a savings scheme for young girls. This campaign was started to persuade parents to start a fund for their female children’s future marriage and schooling costs. Before the girl child turns ten, the Sukanya Samriddhi Account can be opened at any India Post Office or at authorised commercial bank branches.

A minimum of two accounts can be opened by parents for each child. There is an exemption that permits for new accounts in the case of twins or triplets. The account can be moved to any place in India.

Benefits of opening Sukanya Samriddhi Yojana Account:

  • Sukanya Samriddhi Account offers a 7.6% interest rate for the current financial year. Comparing other savings plans, this investment policy delivers the highest interest rate.
  • A financial year allows for a minimum investment of Rs 1000 and a maximum investment of Rs 1.5 lakh.
  • The Sukanya Samriddhi Yojana scheme allows investors to deduct investments made under Section 80C of the Income Tax Act of 1961.
  • The account enables a 50% withdrawal for additional schooling at the age of 18.

Deposit Rules:

Either a single payment payment or monthly payments may be made for the deposit. If the minimum amount is not maintained, there will be a charge of Rs 50 and the account will be regarded as defaulted. The defaulted account may be revived before 15 years have passed since it was started by making a minimum payment of Rs 250 + Rs 50 for each year it was in default.

Your total yearly deposit will be 12,000 rupees if you open an account with 250 rupees, add 750 rupees for the first month, and then continue to deposit 1,000 rupees each month. If you started the account when your daughter was born, you will have invested Rs. 1,80,000 and earned Rs. 3,47,445 by the time she turned 21. You will therefore receive a maturity value of Rs. 5,27,445 after 21 years.


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