As parents, one of the greatest gifts we can offer our daughters is the freedom to dream — and the means to pursue those dreams without financial roadblocks.
That’s where the Sukanya Samriddhi Yojana (SSY) comes in — a government-backed savings scheme under the Beti Bachao, Beti Padhao initiative. With a generous interest rate of 8.2% p.a. and Section 80C tax benefits, the SSY is designed to help families create a safe, long-term corpus for their girl child’s education and marriage.
But like any financial decision, knowing the details — and having backup options — is key.
What Makes the SSY So Powerful?
Here is a snapshot of what the Post Office Sukanya Samriddhi Account offers:
- Eligibility: The account can be opened anytime before the girl turns 10.
- Flexibility: Start with as little as Rs. 250/year; invest up to Rs. 1.5 lakh annually.
- Tenure: The scheme matures after 21 years or when the girl marries post 18.
- Returns: Offers 8.2% p.a., compounded annually.
- Withdrawals: Up to 50% can be withdrawn after she turns 18 for education or marriage.
- Tax Savings: Enjoy tax benefits under Section 80C and completely tax-free returns.
It is one of the few investment products where the contribution, interest, and maturity amount are all exempt from tax.
Already maxed your SSY limit or need additional savings for your daughter’s future?
Open a Fixed Deposit with Bajaj Finance — earn high interest and enjoy predictable returns alongside your SSY investment. Check FD rates and open FD account now!
Who Can Open an SSY Account?
To make it even simpler, here’s a quick checklist:
- Girl child must be below 10 years old.
- Must be an Indian resident.
- One account per child; maximum of two per family (exceptions for twins/triplets).
- Parent or legal guardian must open the account.
You’ll need basic documents like the child’s birth certificate, guardian’s ID and address proof, and proof of relationship.
