The Sukanya Samriddhi Yojana scheme was launched on 22 January 2015 in Panipat, Haryana by Prime Minister Narendra Modi. The scheme is aimed at the betterment of the girl child in the country by abolishing sex determination, gender discrimination, protection of girls, and higher participation of girls in education and other fields. Here are some more details of Sukanya Samriddhi Yojana scheme including its interest rates, benefits, eligibility, and others.
Sukanya Samriddhi Yojana Information
The following are the important details of SSY scheme:
Interest rate
7.60% p.a.
Investment Amount
Minimum - Rs.250, Maximum Rs.1.5 lakh p.a.
Maturity Amount
Depends on the invested amount
Maturity Period
21 years (or, till the girl is married after attaining the age of 18 years)
Benefits of Sukanya Samriddhi Yojana Scheme
Sukanya Samriddhi Yojana (SSY) scheme was launched under the Beti Bachao Beti Padhao campaign with the main aim of securing the future of a girl child. The main benefits of the SSY scheme are mentioned below:
Interest rate was reduced from 8.4% to 7.6%
Tax benefits of up to Rs.1.5 lakh
Account can be transferred
Investments made towards the scheme can be used for the girl child's marriage and education. An SSY account can be opened at banks and post offices. Under Section 80C of the Income Tax Act, 1961, tax benefits of up to Rs.1.5 lakh are provided for contributions made towards the scheme.
