Thursday marked a significant moment: 11 years since the launch of Sukanya Samriddhi Yojana, India’s go-to savings scheme for daughters. With its proven track record, SSY continues to deliver financial security and growth for millions.
Born from the 2015 Beti Bachao Beti Padhao initiative, the scheme has opened over 4.53 crore accounts, holding ₹3.33 lakh crore in deposits. It’s a testament to shifting mindsets towards girl child investment.
Enjoy 8.2% p.a. interest, calculated monthly and credited annually – a standout feature in low-risk government-backed options. Tailored for education and wedding costs, it promotes self-reliance.
Who can join? Parents/guardians for girls under 10. One account per child, max two per family (exceptions for multiples). Nationwide transferability ensures flexibility. Operational control shifts to the girl at 18.
Documents needed: Form, birth proof, Aadhaar, PAN/Form 60. Annual contributions: ₹250 min, ₹1.5 lakh max, over 15 years.
Strategic withdrawals: 50% after 18 years or 10th pass for studies. Matures at 21 years; premature only in specific cases like marriage (post-18) or death, after initial 5-year protection.
SSY’s blend of tax savings, superior interest, and purpose-driven design makes it indispensable. Families starting early are building generational wealth, one deposit at a time.