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A Quick Guide To Sukanya Samriddhi Yojana

Published On Oct 25, 2021

Sukanya Samriddhi Yojana is a government of India initiative that is part of the 'Beti Bachao, Beti Padhao Yojana.' An account will be created under this program  ​to build a corpus for a Girl Child. For the benefit of their girl child, parents might create a Sukanya Samriddhi Yojana account. Sukanya Samridhi Yojana accounts are limited to one per girl child, and parents with more than two girl children are not permitted to create a third or fourth account. These accounts are for a period of 21 years, or until the girl child reaches the age of 18 and marries.

Sukanya Samriddhi Yojana's Advantages

Sukanya Samriddhi Yojana has the following advantages:

1. High Rate of Interest

When compared to other investment alternatives, the Sukanya Samriddhi Yojana has a high rate of interest. On an annual basis, the government announces the interest rate. You may build a corpus for your female Child and assist her to accomplish her objectives with the help of a high rate of interest. The maturity funds can assist you in meeting your daughter's future financial needs.

2. Guaranteed Maturity Returns

At maturity, the account holder, who is a female child, will get the amount of the Sukanya Samriddhi Yojana account plus accumulated interest. As a consequence, this Yojana provides financial security to your female child and encourages her to make her own decisions. The earned investments under the Sukanya Samriddhi Yojana will continue to accrue via compounding interest even after the account is closed by the account holder.

3. Fund your Girl Child's Future Financial Expenses

With the Sukanya Samriddhi Yojana, you may build a corpus large enough to cover our girl child's expenses till she reaches the age of eighteen. Both the father and the girl Child benefit from the Sukanya Samriddhi Yojana. You can build a corpus to support your female child's further education, marriage costs, or any other financial needs with the aid of a Sukanya Samridhi Yojana account.

Sukanya Samriddhi Yojna (SSY) Eligibility 

The major qualifying conditions for creating an SSY Account as part of the Beti Bachao, Beti Padhao Yojana are as follows:

  • Sukanya Samriddhi Sukanya Samriddhi Sukanya Samridd A female child's account can only be established in her name by her parents or legal guardians.
  • The youngster must be under the age of ten when the account is opened.
  • Different Accounts for Sukanya Samridhhi cannot be established for a single Child.
  • For a family, only two SSY accounts are allowed, one for each child.

Sukanya Samriddhi Yojana features

The following are some of the most important elements of the Sukanya Samriddhi Yojana:

  • Returns are higher.
  • The Ministry of Finance, Government of India, has given its approval.
  • Start investing with a minimum of Rs 250 and a maximum of Rs 1,50,000, with a 21-year lock-in term.
  • After the girl child reaches the age of 18, partial withdrawal is permitted.


Sukanya Samriddhi Yojana is one of the finest investment options for you to build a corpus for your daughter when she reaches the age of eighteen. You can put a portion of your money into the Sukanya Samriddhi Yojana to make an extra contribution so that your daughter's dreams of further education and marriage can be realized despite inflation.

Also read - Financial Planning for Your Child with a Child Life Insurance Plan

Top Child Insurance Plan in 2021

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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