Sukanya Samriddhi Yojana: India's best saving scheme, gives all-round benefits, if you have a daughter, open an account immediately..

Sukanya Samriddhi Yojna Benefits: Every parent dreams of financial security for their daughter's good education and marriage. Sukanya Samriddhi Yojana (SSA) is a government scheme designed for the better future of daughters. This scheme not only gives an attractive interest rate of 8.2 percent per annum but also provides big benefits like tax exemption. This scheme is proving to be a ray of hope for every parent.

Sukanya Samriddhi Yojana entered its 10th year on 22 January 2025. 10 years ago this scheme was specially designed to create funds for the education and marriage of daughters. The interest rate of 8.2% in the current quarter (January-March 2025) makes it more attractive than popular schemes like the Public Provident Fund (PPF). PPF currently offers an interest rate of 7.1% per annum. This scheme is also popular among parents because it provides stability and guarantees for the secure future of the daughter.

Who can open an account?

Under this scheme, parents or guardians can open an account in the name of their daughter below 10 years of age. Accounts can be opened for a maximum of two daughters in a family, although flexibility has been given in the rules in the case of twins or triplets. A minimum of Rs 250 and a maximum of Rs 1.5 lakh can be invested every financial year. The investment period is 15 years from the date of opening the account, while the account matures in 21 years. Interest is added to the account at the end of every financial year.

EEE formula makes it great

Sukanya Samriddhi Yojana has many other benefits. This scheme is also very beneficial in terms of tax. It has E-E-E (exempt-exempt-exempt) tax status. This means that the amount invested, the interest earned, and the amount received on maturity are all tax-free. This scheme also attracts parents who want to create a secure fund for their daughters' future beyond tax benefits. Especially in rural areas, this scheme becomes more effective.

One drawback, which you can also consider as an advantage

However, a major drawback of this scheme is its liquidity. The account is locked in for 21 years, and partial withdrawal of money is possible only after the daughter turns 18 years of age or passes 10th class. It can also be understood from the other side. Lack of liquidity can also be a challenge, but its long lock-in period can also be considered an advantage. It ensures that parents use this money only for the daughter's education or marriage. Experts suggest that the government should make the age limit for withdrawal a little more flexible. Such as withdrawal can be done in a phased manner at the ages of 16, 18 and 21 years.

Apart from this, the annual investment limit of Rs 1.5 lakh should be increased, as the cost of education has increased significantly compared to 10 years ago. This limit should either be increased every year according to the inflation rate or it should be automatically revised every three years.

Sukanya Samriddhi Yojana is a stable and safe investment option, but it should be balanced with high-return options like equity. This scheme provides a golden opportunity for parents to secure the future of their daughters.

Disclaimer: This content has been sourced and edited from News 18 hindi. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.