Last Updated:June 25, 2025, 18:38 IST
SSY is a savings scheme started in 2015 under the government’s Beti Bachao, Beti Padhao initiative.
SSY offers a high interest rate of 8.2% per year. (Representative Image)
Raising children, especially giving them a good education, can be costly. To help parents of girls save for their daughter’s future, the Indian government launched the Sukanya Samriddhi Yojana (SSY) in 2015. The scheme helps parents build savings for their daughter’s education or marriage. It offers guaranteed returns, tax benefits and is backed by the government, making it a safe and reliable investment option.
SSY is a smart way to plan and secure your daughter’s future with disciplined savings.
What is Sukanya Samriddhi Yojana (SSY)?
Sukanya Samriddhi Yojana is a savings scheme launched in 2015 under the ‘Beti Bachao, Beti Padhao’ campaign. It helps parents save money for their daughter’s education and marriage. The account can be opened in the girl’s name at any bank or post office offering this scheme.
Sukanya Samriddhi Yojana: Key Features
– Can be opened for a girl child aged 10 or below.
– Minimum yearly deposit: Rs 250
– Maximum yearly deposit: Rs 1.5 lakh
– Deposits can be made for 15 years from the date of account opening.
– The account matures in 21 years.
– If the girl gets married before 21 years, the account will be closed.
SSY offers safe returns, tax benefits, and is backed by the government, making it a good long-term investment for your daughter’s future.
Sukanya Samriddhi Yojana (SSY): Eligibility & Account Rules
To open an SSY account, your daughter must be below 10 years of age. The scheme is designed to help families build savings for the future needs of their girl child, mainly education and marriage.
Account Limitations:
Only one SSY account can be opened per girl child.
A family can open up to two accounts for two different girl children.
In special cases like twins or triplets, families are allowed to open more than two accounts, as per the rules.
Annual Deposit Rules:
To keep the SSY account active, you must deposit a minimum of Rs 250 every financial year.
If this minimum amount is not deposited, the account becomes the default.
You can reactivate a defaulted account by paying the minimum amount of Rs 250 plus a penalty of Rs 50 per year of default.
This revival must be done within 15 years from the date the account was opened.
Guardian Rules:
According to an official Department of Posts circular (dated August 21, 2024), only legal guardians or natural parents are allowed to manage SSY accounts.
If an account is opened by grandparents who are not legal guardians, it must be transferred to the rightful guardian, usually the living parents or a court-appointed legal guardian.
Sukanya Samriddhi Yojana (SSY): Interest Rate
Sukanya Samriddhi Yojana (SSY) offers one of the highest interest rates among fixed-income options. For the first quarter of FY 2025–26 (April to June 2025), the scheme provided an annual return of 8.2 per cent.
If you invest Rs 3,000 per month in SSY for 15 years, your total investment would be Rs 45,000, and by the time the account matures, you could receive around Rs 1,43,642. That’s a gain of Rs 98,642 in returns, making it a highly rewarding long-term savings option for your daughter’s future.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
- Location :
Delhi, India, India
- First Published:
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