sukanya scheme
Sukanya Samriddhi Yojana: Every parent has a dream that their daughter’s future is not only secure but also financially strong so that she never has to depend on anyone for her education or marriage. Although there are many investment options available for the secure future of daughters in India, the Central Government’s ‘Sukanya Samriddhi Yojana’ (SSY) still remains the most reliable and attractive scheme. One of the small savings schemes of the post office, this scheme not only keeps your deposits safe, but the interest earned on it is also much higher than other schemes.
If you Daughter If you want to create a big fund, then the interest rate of 8.2% fixed for the quarter October-December 2025 can turn your dream into reality. Let us understand how through a disciplined investment you can keep a huge amount of around Rs 72 lakh in your daughter’s hand when she turns 21.
How will the fund of Rs 72 lakh be prepared?
Often investors feel that a huge amount is required to create a fund worth crores or lakhs, but in Sukanya Samriddhi Yojana, the magic of ‘compounding’ i.e. compound interest works. The biggest attraction of this scheme is its maturity rule. You have to deposit money only for 15 years, while the scheme matures in 21 years. That is, you do not deposit even a single rupee in the last 6 years, yet you keep getting interest on your deposited amount.
Understand this calculation of 72 lakhs like this
- Investment amount: If you deposit the maximum limit i.e. Rs 1.50 lakh (annually) every financial year.
- Investment period: You will have to make this investment continuously for 15 years.
- Total accumulated capital: In 15 years, a total of Rs 22,50,000 will be deposited in your pocket.
- Interest Rate: Calculated at the current rate of 8.2% (compounded annually).
When this account matures after 21 years, you will get around Rs 49,32,119 as interest. In this way, the total maturity amount including your deposited principal amount (22.5 lakh) and interest (49.32 lakh) will be Rs 71,82,119. This amount will prove to be a strong foundation to meet the expenses of your daughter’s higher education or marriage.
government guarantee
The popularity of this scheme, launched under the ‘Beti Bachao, Beti Padhao’ campaign, can be gauged from the fact that the number of Sukanya Samriddhi accounts in the country has crossed 4 crores. Prime Minister Narendra Modi recently informed that till now an amount of more than Rs 3.25 lakh crore has been deposited under this scheme. This figure shows how aware the parents of the country are about the future of their daughters and how much trust they have in this government guaranteed scheme.
Since it is a government scheme, there is no market risk in it. The government reviews interest rates every quarter. Currently, the interest rate applicable for the quarter October to December 2025 is 8.2%, which is jointly the highest with the Senior Citizen Savings Scheme (SCSS).
Double benefit of tax exemption
Sukanya Samriddhi Yojana is not just a means of investment, but it is also a great tool to save tax. Under Section 80C of the Income Tax Act, the amount deposited in this scheme gets the benefit of tax exemption. However, it is important to note that this tax benefit is available only to those taxpayers who opt for the ‘Old Tax Regime’.
Apart from this, the biggest feature of this scheme is its ‘EEE’ (Exempt-Exempt-Exempt) model. This means that the interest you earn and the amount you get on maturity is completely tax-free.
Know the rules for opening an account
There is also a lot of flexibility in this scheme. It is not necessary that you deposit only Rs 1.5 lakh every year. You can open an account with just Rs 250 and increase the amount in multiples of Rs 50 as per your convenience. It is mandatory to deposit minimum Rs 250 in a financial year, otherwise the account may default. This account can be opened in the name of a girl child below 10 years of age by her parents or legal guardian.