Sukanya Samriddhi Yojana Benefits

The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme designed to secure the financial future of girl children under the "Beti Bachao, Beti Padhao" initiative. Launched in 2015, this scheme has gained immense popularity for its attractive interest rates, tax benefits, and long-term savings potential. Whether you aim to save for your daughter's education or marriage, SSY offers a secure and rewarding investment option.

Beyond its remarkable benefits, SSY aligns well with other financial instruments like Bajaj Finance Fixed Deposit, which offers guaranteed returns, flexible tenures, and competitive interest rates (check latest FD rates). This article explores the key benefits of SSY, while also highlighting how Bajaj Finance Fixed Deposit can complement your savings goals.

What is Sukanya Samriddhi Yojana?

Sukanya Samriddhi Yojana is a savings scheme specifically designed for parents or guardians of girl children to help them save for future milestones like education and marriage. With a high interest rate of 8.2% p.a. (Oct-Dec 2025) and tax benefits under Section 80C, SSY is an ideal choice for long-term savings.

Low minimal investment to open an SSY account

Starting an SSY account requires only Rs. 250 annually, making it accessible to families across income levels. Parents can deposit up to Rs. 1.5 lakh per year, ensuring flexibility in contributions.

Helps secure your daughter’s education

SSY funds can be partially withdrawn (up to 50% of the balance) for education expenses once the girl turns 18 or completes her 10th grade. This feature ensures financial support for higher education.

Triple tax advantage

SSY offers tax benefits under Section 80C, tax-free interest, and tax-free maturity. This triple tax advantage ensures maximum savings without additional tax burdens.

Attractive interest rates

With an interest rate of 8.2% p.a. (Oct-Dec 2025), SSY provides one of the highest returns among government-backed schemes. The annual compounding further enhances the maturity amount.

Deposit for 15 years, benefits for 21 years

The scheme allows deposits for 15 years, but the account matures after 21 years. This extended benefit period ensures long-term financial security for your daughter.

Premature withdrawal for special situations

SSY permits premature withdrawal for marriage expenses after the girl turns 18 or for medical emergencies. This flexibility makes the scheme adaptable to unforeseen circumstances.

Account revival and flexibility

If the minimum deposit is not made, the account can be revived within 15 years by paying missed deposits and a penalty of Rs. 50 per year. This ensures continuity in savings.

Multiple account facility

Parents can open up to two SSY accounts for two daughters. Exceptions are made for twins or triplets, ensuring inclusivity and convenience for families.

Bajaj Finance Fixed Deposit – A Reliable Complement to SSY

While SSY is a great option for securing your daughter’s future, Bajaj Finance Fixed Deposit offers guaranteed returns and flexible tenures for broader financial goals. With interest rates up to 7.30% p.a. for senior citizens and a minimum deposit of Rs. 15,000, Bajaj Finance FD ensures stability and security.

Whether you are saving for emergencies or retirement, Bajaj Finance FD allows you to diversify your portfolio with tenures ranging from 12 to 60 months. Additionally, the CRISIL and ICRA AAA/Stable ratings reinforce its credibility as a secure investment option. 

Looking for stability? Open Bajaj Finance FD now and enjoy guaranteed returns.

Sukanya Samriddhi Yojana is a powerful savings tool for parents aiming to secure their daughter’s future. With high interest rates, tax benefits, and long-term savings, SSY ensures financial preparedness for major milestones like education and marriage.

To further enhance your financial security, you can open an FD with Bajaj Finance and start earning up to 7.30% p.a.