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Everything You Need To Know About Sukanya Samriddhi Yojana

Published On Jul 18, 2021 1:00 PM By InsuranceDekho

About Sukanya Samridhi Yojana

Sukanya Samriddhi Yojana is an investment scheme that is introduced by the government and is part of ‘Beti Bachao, Beti Padhao Yojana’. It is curated to provide for a girl child’s expenses. This account can be opened by the parents of a girl child under 10 years of age. Sukanya Samriddhi Yojana account will have a 21-year tenure or a tenure until the girl child completes 18 years of age. From April 2020, this scheme provides an annual interest rate of 7.6%.

Highlights of Sukanya Samriddhi Yojana

Following are the highlights of Sukanya Samriddhi Yojana accounts:

Highlights of Sukanya Samriddhi Yojana


7.6% Per Annum 

Maturity Period

21 years or until the girl child gets married after completing 18 years of age.

Minimum Deposit

INR 250

Maximum Deposit

INR 1.5 Lakhs

Tax Benefit

Eligible for tax exemptions under Section 80C of the Income Tax Act, 1961.

Features of Sukanya Samriddhi Yojana

Following are the features of the Sukanya Samriddhi Yojana account: 

  • In case the SSY account holder is unable to make a minimum contribution of Rs. 250 in a year, the account shall be treated as a default account. The rate of interest on the default account shall be applicable as per the system before the maturity date.
  • Termination of an SSY account will be processed only in case of demise of the girl child, hospitalisation or in case of demise of the guardian. 
  • After the girl child turns 18 years of age she is entitled to run this account on her own.

Benefits of Sukanya Samridhi Yojana

Following are the benefits of the Sukanya Samriddhi Yojana account:

  • This account is a great way for investment with a minimum deposit of Rs. 250 and a maximum deposit of Rs 1.5 lakhs in a year.
  • This account offers guaranteed returns. 
  • This account provides tax benefits under Section 80C of the Income Tax Act, 1961.
  • This account has a high-interest rate of 7.6% per annum. 

Eligibility Criteria of Sukanya Samriddhi Yojana

Below mentioned are eligibility requirements to open a Sukanya Samriddhi Yojana account:

1. The account is to be opened by parents or guardians of the girl child. 

2. At the time of account opening the girl should have completed 10 years of age.

3. Multiple Sukanya Samriddhi Accounts are not allowed for a single girl child.

4. A single girl child can have only one account and in case there are two girl children then a household can have 2 Sukanya Samriddhi Yojana accounts one for each girl child.


Sukanya Sameiddhi Yojana is a great investment opportunity provided by the government that allows you to grow your corpus for your girl child’s expenses. It allows you to invest in an account where you can grow a corpus to provide for a girl child’s expenses after she turns 18. This account will help your daughter to achieve her goals and aspirations of higher education or fulfil her marriage expenses.

Also Read: 

How To Check Details of Your Child Insurance Plan?

Top 3 Riders Of The Child Insurance Policy

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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