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Facts You Must Know About Sukanya Samriddhi Yojana

Published On Dec 27, 2021 1:00 PM By InsuranceDekho

Sukanya Samriddhi Yojana is a government of India initiative that is part of the 'Beti Bachao, Beti Padhao Yojana.' An account will be formed under this strategy to build a corpus for a girl Child. For the benefit of their girl child, parents might register 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 register a third or fourth account. It is designed to fund the expenditures of her education and marriage and is solely for females. Additional perks include guaranteed returns, EEE tax exemption, interest, and maturity amount. Use the Sukanya Samriddhi Yojana calculator to figure out the maturity amount and how much you'll be able to save for your girl's education and marriage.

Sukanya Samriddhi Yojana Fatures

The following are some of the most important characteristics 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's Advantages

Sukanya Samriddhi Yojana has the following advantages:

  • 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 reach her objectives with the help of a high rate of interest. The maturity funds might assist you in meeting the financial needs of your female child in the future.
  • 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.
  • Provide for your Girl Child's Future Financial Needs: You can establish adequate corpus for our female Child until she reaches the age of 18 with the aid of Sukanya Samriddhi Yojana. Both the father and the girl Child benefit from the Sukanya Samriddhi Yojana. You can construct a corpus to pay your female child's further education, marriage expenditures, or any other financial needs with the use of a Sukanya Samridhi Yojana account.

Sukanya Samriddhi Yojana Eligibility

The following are the Sukanya Samriddhi Yojana account eligibility criteria:

  • The girl child must be less than or equal to ten years old when the Sukanya Samriddhi Yojana is opened.
  • For each girl Child, just one Sukanya Samriddi Yojana account can be established.
  • This account has been open for 21 years.
  • A family can only have two Sukanya Samriddhi Yojana accounts.


As a consequence, investing in SSY is one approach you may employ to guarantee your daughter's future. The calculator aids your investment planning by computing cumulative savings from SSY investments.

Also read: 

 10 Myths about Child Insurance Plan

What Are Child Education Insurance Plans?

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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