Sukanya Samriddhi Yojana is an impactful initiative that provides financial security for daughters' futures. This scheme not only encourages savings but also relieves parents from financial pressures. With a monthly investment starting as low as ₹250, the current interest rate of 6.7% offers a substantial return, making this scheme an ideal way to empower daughters financially.

What is Sukanya Samriddhi Yojana?

Sukanya Samriddhi Yojana is a flagship saving scheme launched by the Government of India, aimed at securing the financial future of daughters, particularly for their education and marriage. Launched under Prime Minister Narendra Modi’s leadership, the scheme is operated through the India Post, and has benefited millions of families across the country.

Key Features of the Scheme:

1. Government Guarantee
   Being a government-backed scheme, it ensures 100% safety for the invested amount, making it a risk-free financial option for families.

2. High Interest Rate
   The current interest rate for the Sukanya Samriddhi Yojana is 6.7%. This rate is periodically revised by the government, ensuring parents receive a good return on their investment.

3. Low Minimum Investment
   The scheme allows parents to start saving with as little as ₹250 per month, making it accessible for low and middle-income families.

4. Tax Benefits
   Investments in this scheme qualify for tax deductions under Section 80C of the Income Tax Act. Additionally, both the interest earned and the maturity amount are tax-free.

5. Flexible Investment Options
   Parents can deposit an amount anywhere between ₹250 to ₹1,50,000 annually, depending on their financial capacity.

6. Maturity of the Account
   The account matures when the daughter reaches 18 years of age. After maturity, the accumulated amount can be used for the daughter’s higher education or marriage.

Eligibility Criteria for Sukanya Samriddhi Yojana:

• Age of the Daughter: The account can only be opened for a daughter who is 10 years or younger.
• Annual Income of Parents: The annual income of the parents should be ₹2.5 lakhs or less.
• Nationality: The scheme is available only to Indian citizens.

Required Documents:

• Daughter’s Birth Certificate
• Parent’s Aadhaar Card
• Residence Proof
• Income Certificate

How to Open an Account:

To open a Sukanya Samriddhi Yojana account, follow these steps:

1. Visit your nearest post office or bank that offers this scheme.
2. Obtain the application form and fill in the necessary details about yourself and your daughter.
3. Submit required documents such as the birth certificate of the daughter, Aadhaar card of the parent, and residence proof.
4. Make the initial deposit of ₹250.
5. Once the documents are verified, the account will be activated, and you will receive a passbook to track savings and interest.

Key Highlights of Sukanya Samriddhi Yojana:

• Parents can open accounts for two daughters.
• Minimum annual investment of ₹250, with a maximum of ₹1,50,000.
• Partial withdrawals are allowed for the daughter’s higher education or marriage.
• Government-provided financial security and incentives for savings.

Objective of Sukanya Samriddhi Yojana:

The primary goal of the scheme is to financially empower the daughters of India by giving parents a way to save for their future. This ensures that daughters can become self-reliant and secure, with financial support for education and marriage.

Sukanya Samriddhi Yojana remains a powerful tool for ensuring the future of daughters across the country, offering both financial security and a chance for a better, self-sustained life.