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Know About Benefits Of Sukanya Samriddhi Yojana

Published On Jan 14, 2022

Sukanya Samriddhi Yojana is a government of India initiative that is a component of the 'Beti Bachao, Beti Padhao Yojana.' This strategy will create an account to build a corpus for a girl child. Parents may open a Sukanya Samriddhi Yojana account for the benefit of their girl child. Sukanya Samriddhi Yojana accounts are limited to one per girl child, and parents with more than two girls are not allowed to open a third or fourth account. It is only for females and is intended to cover the costs of her education and marriage. Guaranteed returns, interest, and maturity amounts are among the additional benefits. Calculate the maturity amount and how much you'll be able to save for your girl's education and marriage using the Sukanya Samridhhi Yojana calculator.

Know About Benefits Of Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana features

The following are some of the most important features 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 period.
  • After the girl child reaches the age of 18, partial withdrawal is permitted.

Eligibility for Sukanya Samriddhi Yojana

The Sukanya Samriddhi Yojana account eligibility criteria are as follows:

  • When the Sukanya Samriddhi Yojana is started, the girl child must be less than or equal to ten years old.
  • Only one Sukanya Samriddi Yojana account can be opened for each girl child.
  • This account has been active for over two decades.
  • Sukanya Samriddhi Yojana accounts are limited to two per family.

Sukanya Samriddhi Yojana's Advantages

Sukanya Samriddhi Yojana has the following advantages:

  • High Rate of Interest

When compared to other investment options, the Sukanya Samriddhi Yojana has a high rate of interest. On a yearly basis, the government announces the interest rate. You can build a corpus for your girl child and help her achieve her goals with the help of a high rate of interest. The maturity funds can assist you in meeting the financial needs of your girl child in the future.

  • Fund your Girl Child's Future Financial Expenses

 With the Sukanya Samriddhi Yojana, you can build a corpus large enough to cover our girl child's expenses until she reaches the age of eighteen. Both the parent and the girl child benefit from the Sukanya Samriddhi Yojana. You can create a corpus to fund your girl child's higher education, marital expenses, or any other financial expenses with the help of a Sukanya Samridhi Yojana account

  • Guaranteed Maturity Returns

The balance of the Sukanya Samriddhi Yojana account, plus accrued interest, will be given to the account holder, who is a girl child, at the time of maturity. As a result, this Yojana provides financial security to your girl child and encourages her to make her own decisions. The accrued investments under the Sukanya Samriddhi Yojana will continue to accrue by compounding interest even after the account is closed by the account holder.


As a result, investing in SSY is one strategy you can use to secure your daughter's future. The calculator helps you plan your investments by calculating your total savings from SSY investments.

You may also like to read - Mistakes You Should Not Make While Buying Child 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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