Sukanya Samriddhi Yojana 2024: Sukanya Samriddhi Yojana (SSY) is an important scheme launched by the Government of India, which aims to secure the future of girl children. Under this scheme, parents or guardians can open an account in the name of their daughter and make regular deposits in it. Today we will know in detail about the new interest rates, benefits and rules of Sukanya Samriddhi Yojana 2024 in this article.
Sukanya Samriddhi Yojana 2024
Sukanya Samriddhi Yojana (SSY) was launched in 2014 by Prime Minister Narendra Modi from Panipat, Haryana. This scheme is specially designed for girl children to secure their future and provide them financial assistance for higher education and marriage.
New Interest Rates of Sukanya Samriddhi Yojana 2024
The interest rates of Sukanya Samriddhi Yojana keep changing from time to time. When the scheme was launched in 2014, the interest rate was 9.1%. In 2023, this rate was 8% and in 2024 it has become 8.2%. Let us understand the change in its interest rates through a table.
| year | Rate of interest (%) |
| 2014 | 9.1 |
| 2015 | 9.2 |
| 2016 | 8.6 |
| 2017 | 8.4 |
| 2018 | 8.1 |
| 2019 | 8.0 |
| 2020 | 7.6 |
| 2023 | 8.0 |
| 2024 | 8.2 |
Benefits of Sukanya Samriddhi Yojana
- High interest rates: This scheme offers higher interest rates compared to other bank and post office deposit schemes.
- tax benefits: The amount deposited under this scheme is eligible for tax exemption under Section 80C.
- Easy Process: It is very easy to open an account and make deposits in this scheme.
- Long Term Investment: The amount deposited under this scheme matures after 21 years, which is ideal for long term investing.
How to open an account in Sukanya Samriddhi Yojana?
The following conditions have to be fulfilled to open an account in Sukanya Samriddhi Yojana:
- Age of girl child: The age of the girl child should be less than 10 years.
- document: Birth Certificate, Aadhar Card, and Passport Size Photo.
- Minimum Deposit Amount: Minimum deposit amount is Rs 250.
Terms and Conditions of Sukanya Samriddhi Yojana
- Minimum Deposit: It is mandatory to deposit a minimum of Rs 250 per financial year.
- Maximum Deposit: A maximum of Rs 1.5 lakh can be deposited per financial year.
- maturity: The account matures after 21 years.
- Pre-termination: The account can be terminated only after the girl child attains the age of 18 years and after her marriage.
- Account Transfer: This account can be transferred from one place to another from any post office or bank in the country.
Important dates and information
| Description | Information |
| Start date of the scheme | 2014 |
| Minimum Deposit Amount | Rs 250 |
| Maximum deposit amount | 1.5 lakh rupees |
| Account Maturity Period | 21 years |
| Age limit for opening an account | Below 10 years |
| Interest Rate (2024) | 8.2% |
Documents required for Sukanya Samriddhi Yojana
- Birth certificate of girl child
- Aadhaar card of girl child and guardian
- Passport size photograph
- Parent’s ID proof (PAN card, voter ID card, etc.)
Sukanya Samriddhi Yojana and Mutual Funds: Comparison
Sukanya Samriddhi Yojana is a safe and government scheme, while investing in mutual funds can be a bit risky but they can also provide higher returns.
Sukanya Samriddhi Yojana Vs Mutual Funds
| Description | Sukanya Samriddhi Scheme | mutual fund |
| risk level | Less | Medium to High |
| Rate of interest | 8.2% (2024) | 12-18% (historical) |
| tax benefits | Under Section 80C | Under Section 80C |
| Investment Period | 21 years | 1-5 Years (Short Term) |
| resilience | Less | High |
Benefits of Sukanya Samriddhi Yojana
- Future Security: This scheme provides a strong financial base to secure the future of the girl child.
- tax benefits: Tax exemption is available under section 80C.
- High interest rates: Higher interest rate compared to other bank and post office schemes.
- Government Guarantee: This scheme comes under government guarantee, due to which the investment in it remains safe.
Summary
Sukanya Samriddhi Yojana Online Apply 2024 is an effective and safe investment plan, ideal for securing the future of girl children. It is easy to invest in and offers high interest rates and tax benefits. If you want to secure your daughter’s future, this scheme can be a great option for you.
Thus, Sukanya Samriddhi Yojana 2024 is a great means to secure the future of girls. By adopting this, you can secure the future of your daughter and lead her towards a bright future.
FAQs about Sukanya Samriddhi Yojana Online Application 2024
What is required to open an account in Sukanya Samriddhi Yojana?
To open an account in Sukanya Samriddhi Yojana, the girl child should be below 10 years of age and documents like birth certificate, Aadhaar card, passport size photo are required.
What is the interest rate of Sukanya Samriddhi Yojana?
The interest rate of Sukanya Samriddhi Yojana in 2024 is 8.2%.
What is the minimum and maximum deposit amount in Sukanya Samriddhi Yojana?
The minimum deposit amount is Rs 250 and the maximum deposit amount is Rs 1.5 lakh per financial year.
