7 Things To Know About Sukanya Samriddhi Yojana

Outlook Money

Government Support

The government launched the Sukanya Samriddhi Yojana in 2015 under its “Beti Bachao Beti Padhao” mission.

Financial Security

This scheme aims to provide financial security to the girl child.

security

Who Can Open The Account 

Parents and guardians can open a Sukanya Samriddhi account for a child below 10 years old. 

account opening

Maturity

The minimum investment period is 15 years, and maturity is 21 years. 

Maturity Period

Withdrawals

The scheme allows for partial withdrawals for education and marriage when the girl turns 18.

Pre-mature Withdrawals

Investment Limit

The minimum investment in SSY is Rs 250 in a financial year, and the maximum is Rs 1.5 lakh.

MIN./MAX. Limit

Returns

The scheme offers an interest rate of 8.2 per cent, effective January 1, 2024. 

Compiled By Himani Verma

Interest

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