Financial Services
The Sukanya Samriddhi Accountis a government-backed savings scheme launched under the Beti Bachao, Beti Padhao initiative to promote the financial security and future of the girl child in India. Designed exclusively for girls below 10 years of age, the scheme offers a high interest rate of 8.2% per annum (as of 2025), making it one of the most attractive small savings instruments available. Parents or legal guardians can open this account in the name of their daughter and deposit a minimum of ₹250 and up to ₹1.5 lakh annually. The account matures after 21 years from the date of opening or upon the girl’s marriage after she turns 18, whichever is earlier. Notably, the scheme offers triple tax exemption on investment, interest earned, and maturity amount — under Section 80C of the Income Tax Act. Additionally, up to 50% of the accumulated amount can be withdrawn after the girl turns 18 to support her higher education. This long-term savings plan is available at authorized banks and post offices, and it ensures disciplined financial planning with guaranteed returns. TheSukanya Samriddhi Yojna is not just a savings scheme but a powerful step towards empowering daughters and securing their future.
