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Invest In Your Daughter’s Future With Sukanya Samriddhi Yojana

Invest In Your Daughter’s Future With Sukanya Samriddhi Yojana

Envision a future where your daughter's dreams are not curtailed by financial limitations. Whether she aspires to be an astronaut, a scientist, or a musician, her potential is limitless. As parents, the task lies in ensuring this potential is nurtured and safeguarded.

This is where the Sukanya Samriddhi Yojana (SSY) scheme comes into play. Designed specifically for the girl child in India, SSY is a government-backed savings scheme offering attractive Sukanya Samriddhi Yojana benefits, making it a compelling choice for parents considering long-term investment options for their daughters.

Sukanya Samriddhi Yojana Scheme: A Closer Look

Unveiled by the Indian Government in 2015, the Sukanya Samriddhi Yojana scheme symbolises more than a financial instrument. It is a tangible embodiment of the 'Beti Bachao, Beti Padhao' campaign, a societal movement advocating for gender equality and the empowerment of the girl child.

By promoting long-term savings for a girl child's future, this scheme lights the way for countless parents to fuel their ambitions of creating a solid financial cushion for their daughters' future education and marriage expenses.

Moreover, the Sukanya Samriddhi Yojana scheme offers:

  1. An opportunity to create a substantial savings pool.
  2. A tool to inculcate a disciplined approach to savings.
  3. An avenue to secure the future needs of your daughter.

Opening the Gateway to Financial Security: The Sukanya Samriddhi Account

The process of opening a Sukanya Samriddhi account is a seamless experience. This specialised savings account can be initiated at any authorised bank or India Post branch office across the nation. Parents or legal guardians can open an account for up to two daughters before they reach the age of ten. This sets the foundation for a future that's not only bright but financially secure as well.

For instance, Mr. and Mrs. Sharma, proud parents of two daughters, could open an account for each of their children. They can then contribute regularly to these accounts, knowing they're building a robust financial base for their daughters' futures.

Sukanya Samriddhi Yojana Interest Rate and Sukanya Samriddhi Yojana Benefits

The Sukanya Samriddhi Yojana scheme has carved a niche for itself in the arena of savings schemes, mainly due to its exceptional interest rate. As of now, the Sukanya Samriddhi Yojana interest rate is an impressive 8% per annum, compounded annually. This rate surpasses most other saving schemes in India, making it a highly enticing investment option for parents.

But the allure of the Sukanya Yojana doesn't stop at high-interest rates. The Sukanya Yojana scheme offers a suite of Sukanya Samriddhi Yojana benefits, including robust tax advantages. Contributions made towards the Sukanya Yojana scheme qualify for tax deductions under Section 80C of the Indian Income Tax Act, up to Rs.1.5 lakhs in a financial year.

In addition, the interest earned and the maturity amount are tax-free, which positions it as an EEE (Exempt-Exempt-Exempt) investment.

Sukanya Samriddhi Yojana Calculator

The Sukanya Samriddhi Yojana calculator is a potent tool that can considerably streamline the investment planning process for parents. This user-friendly online device enables parents to calculate the likely maturity amount based on their contributions.

By entering the initial investment amount, the age of your daughter, and your annual contribution, the Sukanya Samriddhi Yojana calculator delivers an estimate of the potential maturity amount. This can act as a guiding light, helping parents plan and adjust their contributions based on the financial goals they have for their daughters.

For instance, if Mr. Sharma decides to invest Rs. 1.2 lakhs every year in the Sukanya Samriddhi Yojana scheme for his elder daughter, who is five years old, the Sukanya Samriddhi Yojana calculator will show him that he can expect a maturity amount of approximately Rs. 46.8 lakhs when his daughter turns 21.

Understanding the Sukanya Samriddhi Yojana Details: A Must Before Investing

Investors must be aware of the Sukanya Samriddhi Yojana details before moving forward. One crucial aspect is the scheme's tenure. Parents are obligated to make deposits in the account for 15 years from the account opening date.

Even after this period, the account continues to accumulate interest until it reaches maturity when the girl child turns 21. This sustained interest accumulation ensures a substantial fund upon maturity.

To put this into perspective, if you start an account for your daughter when she is 3 years old and make yearly deposits for 15 years, the account will continue to earn interest for another 3 years (until she turns 21), significantly increasing the final maturity amount.

Additional Sukanya Samriddhi Yojana details include:

  1. The minimum annual deposit is Rs. 250, and the maximum is Rs. 1.5 lakh.
  2. Parents or legal guardians can make deposits in any number of transactions.
  3. The account permits deposits for up to two girl children per family (with a provision for a third in case of twins or triplets).
  4. The account matures after 21 years from the date of opening or upon the girl child's marriage after she turns 18.

Opting for Sukanya Samriddhi Yojana Online

In this digital age, opting for Sukanya Samriddhi Yojana online is a convenient and time-saving option. Many authorised banks offer the facility to open a Sukanya Samriddhi account online.

The online application process is straightforward and user-friendly. You can download the form from the official website of the bank, fill in the necessary details, attach the required documents, and submit it online.

The Sukanya Samriddhi Yojana online process makes it easy for parents to manage the account, track the account's performance, and make deposits conveniently from anywhere, anytime.


The Sukanya Samriddhi Yojana scheme is not just an investment avenue, but a thoughtful initiative that aids in securing your daughter's future while instilling a disciplined saving habit. With attractive interest rates, Sukanya Samriddhi Yojana benefits, and the ease of the Sukanya Samriddhi Yojana online process, this scheme is an ideal choice for parents aiming to invest in their daughters' future.

To start your journey with Sukanya Samriddhi Yojana, consult with TATA Capital today. They offer comprehensive assistance and guidance to make your investment process seamless and hassle-free. Invest in your daughter's future with TATA Capital and watch her dreams take flight.

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