Sukanya Samriddhi Yojana (SSY) is one of the best investment options for parents of girl children. With an interest rate of 8.2% per annum (Q3 FY2024-25), triple tax benefit (EEE), and government backing, it's hard to beat for long-term wealth creation for your daughter.
| Feature | Detail |
|---|---|
| Interest Rate (current) | 8.2% p.a. (compounded annually) |
| Minimum Deposit | ₹250 per year |
| Maximum Deposit | ₹1,50,000 per year |
| Account Opening Age | Birth to 10 years of girl child |
| Deposit Period | 15 years from account opening |
| Maturity | 21 years from account opening |
| Tax Benefit | EEE — Deposit (80C) + Interest + Maturity all tax-free |
| Partial Withdrawal | 50% of balance after girl turns 18 |
You deposit ₹1,50,000 every year for 15 years at 8.2% interest. The account matures after 21 years.
| Metric | Amount |
|---|---|
| Total Invested | ₹22,50,000 (15 × ₹1.5L) |
| Maturity Amount | ~₹71.82 lakh |
| Total Interest Earned | ~₹49.32 lakh |
| Return on Investment | ~219% |
| Scheme | Rate | Tax on Maturity | Best For |
|---|---|---|---|
| SSY | 8.2% | Fully exempt | Girl child wealth |
| PPF | 7.1% | Fully exempt | General savings |
| ELSS Mutual Fund | 12-15% (market) | LTCG 10% above ₹1L | Growth seekers |
| FD (SBI, 5yr) | 6.5% | Fully taxable | Capital safety |
Once the girl child turns 18, you can withdraw up to 50% of the balance at the end of the previous financial year. This is typically used for higher education expenses. You need to submit admission proof.
Yes, one per girl child. A family can hold maximum 2 accounts (exception for twins/triplets).
Account becomes inactive. Pay ₹50 penalty + minimum deposit (₹250) to reactivate.
SSY gives guaranteed 8.2% tax-free returns. ELSS can give 12-15% but with market risk and 10% LTCG tax on gains above ₹1L. For a 15-21 year horizon, SSY is lower risk. ELSS has better potential return but no guarantee.