Every parent dreams of giving their daughter the best future—education, independence, and a meaningful life. The Sukanya Samriddhi Yojana (SSY) helps turn that dream into a plan.
Launched under the Beti Bachao, Beti Padhao initiative, SSY is a government-backed savings scheme designed exclusively for the girl child. Offering a solid interest rate of 8.2% (April–June 2025), it’s one of the highest among small savings plans in India.
What’s more, it’s simple to start, easy to maintain, and comes with tax benefits that lighten your financial load.
Looking for safe investments for your daughter’s future? Open a Bajaj Finance Fixed Deposit with interest rates up to 7.30% p.a. and start building her future in parallel with SSY. Open FD Account.
What is the Sukanya Samriddhi Yojana?
The Sukanya Samriddhi Yojana (SSY) is a fixed-income small savings scheme introduced by the Indian government in 2015. This scheme was introduced under the ‘Beti Bachao, Beti Padhao’ campaign to promote the welfare of the girl child. SSY allows parents to save and designate funds for their daughter’s future expenses like educational expenses and marriage. The government revises the SSY interest rate applicable to the saved funds every three months.
Before you start creating an SSY nest egg for your daughter, it is important to understand how SSY accounts operate. Here is a quick overview of the SSY scheme you can review:
Feature |
Details |
Who can open the account |
Parent or legal guardian |
Age of girl child |
Below 10 years |
Investment period |
15 years |
Maturity |
21 years from account opening or upon marriage after 18 |
Minimum deposit |
Rs. 250 annually |
Maximum deposit |
Rs. 1.5 lakh annually |
Number of accounts per child |
One |
Number of accounts per family |
Two |
If you are looking for a safe investment option, you can consider fixed deposit. They offer guaranteed returns and a fixed interest rate throughout your investment tenure.
Also read: NREGA
