Sukanya Samriddhi Yojana - Here is all you need to know

Sukanya Samriddhi Yojana is a scheme initiated by the Government of  India, which literally means Girl Child Prosperity Scheme. The prime aim of the scheme is to encourage parents of a girl child in order to create a fund for the future education and marriage expenses for their child.

Under the scheme a small deposit scheme for the girl child. This national level scheme was launched as a part of the 'Beti Bachao Beti Padhao' campaign and provides income-tax benefit(80C).

A Sukanya Samriddhi Account can be opened any time after the birth of a girl till she turns 10. A minimum deposit of Rs 250 (recently Changed) and maximum of Rs 1.5 lakh can be deposited in the scheme throughout the financial year. Any interested candidate can open the account in any post office or authorised bank.

The account will remain active for 21 years from the date of it is opened or till the marriage of the girl after she is 18 years old. To meet the requirement of her higher education expenses, partial withdrawal of 50 per cent is allowed after she is 18 years old.

Interest Rates for Current Year

From January 1, 2018                       - March 31, 2018 : 8.1% 

From April 1, 2018                            -June 30, 2018: 8.1% 

From July 1, 2018                              -September 30, 2018: 8.1% 

From October 1, 2018                       - December 31, 2018: 8.5% 

Note :  

Now Aadhar is Mandatory to open Sukanya Samriddhi Yojana Account.Please check how to open Aadhar for Under 5 yrs kids.

Check this link for Sukanya Samriddhi Yojana Calculator