The Post Office Sukanya Samriddhi Yojana is a government-backed savings scheme designed to secure the financial future of daughters while offering attractive interest rates and complete investment safety.
What is Sukanya Samriddhi Yojana
The Sukanya Samriddhi Yojana (SSY) is a savings plan introduced by the Government of India under the “Beti Bachao, Beti Padhao” initiative. Parents or legal guardians can open an account in the name of their girl child who is below 10 years of age.
Under this scheme, you can deposit a minimum of ₹250 and a maximum of ₹1.5 lakh annually. The plan matures in 21 years from the date of account opening, though deposits are required only for the first 15 years. After that, the amount continues to earn interest for the remaining six years.
Currently, the interest rate offered is 8.2% per annum, compounded quarterly. This means your savings grow faster as interest is added every three months, resulting in a substantial maturity amount.
Also Read: Solar Panel Yojana 2025: Get 25 Years of Free Electricity for Just ₹499
Return on ₹28,000 Annual Investment
If you invest ₹28,000 every year in your daughter’s Sukanya Samriddhi account, your total investment over 15 years will be ₹4,20,000.
At an annual interest rate of 8.2%, the maturity amount after 21 years will be approximately ₹12,93,148. Out of this, ₹8,73,148 is earned as interest, while ₹4,20,000 is your total principal amount.
The best part is that this entire return, including the interest and maturity value, is completely tax-free under Section 80C of the Income Tax Act. Thus, it serves as both a tax-saving and long-term financial security tool for your daughter’s higher education or marriage.
How to Open a Sukanya Samriddhi Account
To open the account, visit your nearest post office or authorized bank branch. Fill out the application form and submit the required documents such as:
- Girl child’s birth certificate
- Aadhaar card and PAN card of the guardian
- Passport-size photographs
The deposit can be made either in cash or by cheque. Once the account is opened, you will receive a passbook containing all transaction details.
Also Read: CISCE Board Exam 2026 Timetable Released: Check ICSE and ISC Date Sheets, Exam Pattern, and Schedule
Key Benefits of Sukanya Samriddhi Yojana
- Backed by the Government of India, ensuring zero investment risk
- One of the highest interest rates among small savings schemes
- Full exemption from income tax on investment, interest, and maturity amount
- Ideal for long-term goals like education and marriage expenses
- Can start with as little as ₹250 per year
A small yearly contribution can grow into a substantial fund. For instance, investing just ₹28,000 per year can provide nearly ₹13 lakh after 21 years, a solid financial cushion for your daughter’s bright future.
