Every parent dreams of a secure and self-reliant future for their daughter. Keeping in mind the bright future and financial needs of daughters, the Central  Government 's Sukanya Samriddhi Yojana is proving to be extremely popular and beneficial. Currently, the government offers attractive interest rates on this scheme, allowing even small investments to accumulate a substantial sum upon maturity.

Key benefits and features of the scheme
Attractive interest rates: The interest rates offered under this scheme are significantly better than those offered by many other small savings schemes (currently, the government offers excellent interest rates).

Tax exemption: Investments made in this scheme are tax-deductible under Section 80C of the Income Tax Act. Furthermore, the interest earned and the maturity proceeds are also completely tax-free.

Long-term investment: Deposits can be made for fifteen years from the date of account opening, and the scheme matures when the daughter turns twenty-one or at the time of her marriage.

Withdrawal for daughter's education: When the daughter turns eighteen or passes class 10, up to fifty percent of the total deposit can be withdrawn for her higher education.

Who can open an account?
This account can be opened in the name of any girl child in the country who is less than ten years old.

This account can be opened for a maximum of two daughters in the family (rules may be different in case of twins).

How much can you invest?
To keep this account active, you must deposit a minimum of ₹250 per financial year.

A maximum amount of Rs 1.5 lakh can be deposited in a financial year.

Required Documents

Birth Certificate of the Girl Child

Parent or guardian's ID card

Identity and address proof of parents (like voter ID card, electricity bill etc.)

Account opening form prescribed by the bank or post office and passport size photograph

Where and how to open an account?
You can easily open a Sukanya Samriddhi Yojana account by visiting your nearest authorized commercial bank (such as State Bank of India, Punjab National Bank, etc.) or any post office.

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