As Sukanya Samriddhi Yojana celebrates 11 years, it remains a cornerstone of financial planning for Indian families. This Thursday’s milestone underscores its role in fostering girl child welfare through secure, high-yield savings.
Kicking off in 2015 alongside ‘Save the Girl Child, Educate the Girl Child,’ SSY has amassed deposits exceeding ₹3.33 lakh crore by late 2025, with 4.53 crore accounts signaling massive adoption.
Boasting an attractive 8.2% interest rate, compounded quarterly effectively through monthly calculations, the scheme offers unmatched safety under government guarantee. It’s designed primarily to cover education and marriage expenses, empowering girls towards economic independence.
Eligibility is straightforward: Open an account for your daughter aged 0-10 at post offices or banks. Guardians handle it until she’s 18, then she takes over. Family cap is two accounts, expandable for multiples.
Gear up with birth certificate, Aadhaar, PAN/Form 60, and the form. Deposit between ₹250 and ₹1.5 lakh per year for 15 years. Watch your savings grow as interest credits at fiscal year-end.
Need funds for college? Withdraw up to 50% post-18 or 10th standard, backed by documents. Full maturity at 21 years; early exit only for post-18 marriage or demise, post five-year lock-in.
Tax-exempt under Section 80C, SSY combines security, growth, and purpose. It’s more than a scheme – it’s a commitment to your daughter’s tomorrow, backed by a decade of proven success.