Eleven years on, Sukanya Samriddhi Yojana shines as the ultimate financial gift for India’s girls. Launched January 22, 2015, this Thursday’s anniversary highlights its enduring impact on family savings and empowerment.
Tied to Beti Bachao Beti Padhao, SSY has 4.53 crore accounts and ₹3.33 lakh crore deposited, proving its appeal amid rising awareness.
Secure 8.2% annual interest, government-guaranteed, with monthly compounding power. Ideal for education and marriage, it fosters financial independence.
Open easily: For newborns to 10-year-olds, via guardians at banks/post offices. Single account per girl, two per family max. Transfer anywhere in India; girl manages from 18.
Prepare: Birth certificate, Aadhaar, PAN/Form 60, application. Deposit ₹250-₹1.5 lakh yearly for 15 years; interest boosts balance each year-end.
Education lifeline: 50% withdrawal post-18/10th for tuition, documented. 21-year maturity; early closure restricted to marriage (18+) or death, no first-5-year exits.
With EEE tax status (exempt-exempt-exempt), high yields, and safeguards, SSY outpaces peers. It’s not just savings – it’s securing dreams, one empowered daughter at a time.