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Sukanya Samriddhi Yojana: Earn Upto Rs 15 Lakh By Saving Rs 100 This Diwali!

M Kanika
M Kanika
Sukanya Samriddhi Yojana For A Girl Child
Sukanya Samriddhi Yojana For A Girl Child

If you are a parent and have a daughter, then here is the wonderful saving scheme that you can plan for her bright future. This Diwali, you can start saving just Rs 1 per day & give her a bright future after a few years. In this way, you can secure your money with high interest without any risk factor.

The name of this government scheme is Sukanya Samriddhi Yojana or SSY. With the help of this scheme, you are not only securing a future for your daughter, but at the same time, you are also saving income tax.

What is Sukanya Samriddhi Yojana?

The Sukanya Samriddhi Yojana is a small savings scheme of the Central Government for the daughters. This scheme was launched under “Beti Bachao Beti Padhao” campaign of the Centre. This scheme offers returns higher than most of the small savings schemes in the market.

Details of Sukanya Samriddhi Yojana

The account of Sukanya Samriddhi Yojana can be opened at just Rs 250. No matter if you are saving less than Rs 1 per day, you can still open an account & get the benefit of this scheme. In any 1 financial year, not more than Rs 1.5 lakhs can be deposited in the Sukanya Samriddhi account at one time or even several times.  

Interest Rate of Sukanya Samriddhi Yojana

At present, the SSY scheme offers an interest rate of 7.6% per annum, which is eligible for tax exemption. The account used to receive the interest of up to 9.2% earlier. Up to 50% of the account can be withdrawn for expenses of the daughter’s education after the age of 18 years.


If you are investing Rs 3000 per month in this Yojana, then you are saving Rs 36000 per annum. In this case, you will receive Rs 9, 11,574 at 7.6% annual compounding after 14 years.  The amount will be around Rs 15, 22,221 after 21 years of maturity. At the same time, the interest received at the rate of 7.6% in the Sukanya Samriddhi Yojana will qualify for tax exemption.

Who Can Open Account?

The SSY account can be opened in any authorized branch of any post office or a commercial branch.

In this scheme, the account can be opened after the birth of a girl child before the age of 10 years with a minimum deposit of Rs 250. In the current financial year, a maximum amount of Rs 1.5 lakh can be deposited under the Sukanya Samriddhi Yojana 

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