Sukanya Samriddhi Yojana is a savings scheme started by the Government of India to support the future of daughters. It’s a simple savings plan that helps parents set aside money for their daughter’s future needs. This scheme is part of the Beti Bachao Beti Padhao campaign. Parents or legal guardians can open an account for a girl child below 10 years of age under this scheme. You can invest anywhere from Rs 250 to Rs 1.5 lakh per year. If you want to save for your daughter’s future, Sukanya Samriddhi Yojana is a good option. In this article, you’ll find all the latest information about Sukanya Samriddhi Yojana 2025, so keep reading to know more.
Sukanya Samriddhi Yojana 2025 Details
Started by the central government, Sukanya Samriddhi Yojana aims to protect the future of daughters in India. A parent or guardian can open an account for a girl child younger than 10 years. Currently, the scheme offers an interest rate of 7.6% per year. Only two daughters in a family can have accounts under this scheme. The smallest amount you need to deposit each year is Rs 250 and the maximum is Rs 1.5 lakh. Along with the interest, you also get tax benefits under section 80C of the Income Tax Act. You can deposit money through cash, cheque, draft, or net banking.
You have to make deposits for 15 years. After that, no more deposits are needed but the account will continue to earn interest for another 6 years. When the account reaches 21 years, the full amount with interest is given to the girl child for whom the account was opened.
Main Features and Recent Changes in Sukanya Samriddhi Yojana
- The minimum yearly deposit required is Rs 250. But if you miss this amount for any reason, your account will not be marked as default and your maturity interest remains unaffected.
- Earlier, only two daughters were eligible for tax benefits under Section 80C, now the third daughter’s account can also get this tax benefit.
- Before, premature closure of the account was allowed only if the child died or if the daughter married abroad. Now accounts can also be closed early if the girl faces a serious illness or if the parents pass away.
- Girls could previously operate their account after turning 10 years old. Now, they can manage their accounts starting at 18 years of age.
Benefits of Investing in Sukanya Samriddhi Yojana
- High Interest Rate: Compared to other government savings schemes, this plan offers a good interest rate of 7.6% per year for FY 2024-25.
- Tax Benefits: Contributions qualify for tax deduction under Section 80C of the Income Tax Act, allowing up to Rs 1.5 lakh per year.
- Flexible Investment: You can deposit anywhere between Rs 250 and Rs 1.5 lakh each year based on your budget.
- Compound Interest: The scheme adds interest yearly, giving you nice returns over time.
- Easy Account Transfer: You can transfer the account easily across different states in India.
- Guaranteed Returns: Being a government-supported scheme, your returns are safe and guaranteed.
How to Deposit Money in Sukanya Samriddhi Yojana
You need to invest for 15 years. Deposits can be made in cash, cheque, draft, or any financial instrument accepted by the bank or post office. When using cheque or draft, the interest starts after the amount clears. For electronic transfers through net banking, interest is calculated from the deposit date.
Where Can You Open a Sukanya Samriddhi Account?
You can open Sukanya Samriddhi accounts at major post offices and many government banks. Some well-known banks offering this scheme include:
- State Bank of India
- Bank of Baroda
- Punjab National Bank
- Bank of India
- Indian Bank
- Post Offices across India
Eligibility for Sukanya Samriddhi Yojana
- You must be an Indian citizen.
- An account can only be opened for a girl child by parents or legal guardians.
- The girl child must be less than 10 years old when opening the account.
- Only one account per girl child is allowed.
- A family can have a maximum of two accounts.
- Adopted daughters are also allowed.
Documents Needed to Open an Account
- Parent’s Aadhaar Card
- PAN Card
- Identification Proof
- Girl Child’s Aadhaar Card
- Birth Certificate
- Address Proof
- Passport Size Photograph
- Mobile Number
Steps to Open Sukanya Samriddhi Account
- Visit your nearest post office or bank branch that offers the scheme.
- Ask for the Sukanya Samriddhi Yojana application form.
- Fill the form carefully with all required details.
- Attach the necessary documents listed above.
- Submit the form to the office.
- Pay the initial deposit of Rs 250.
- Keep your receipt or acknowledgment safe for future reference.
- Your account will be opened and ready to accept deposits.