Sukanya samridhi yojana: It has been more than 10 years since Sukanya Samriddhi Yojana (SSY) started in the country. Sukanya Samriddhi Yojana (SSY) was launched by Prime Minister Narendra Modi on 22 January 2015 under the ‘Beti Bachao Beti Padhao’ campaign. The scheme was launched with the aim of securing the bright future of daughters. In the last decade, it has become a famous savings scheme for families.
More than 4.2 crore accounts opened
According to the Finance Ministry, more than 4.2 crore accounts have been opened under this scheme by November 2024. SSY has helped millions of families to make an economic plan for the education and marriage of their daughters.
The specialty of Sukanya Samriddhi Yojana
This scheme helps parents to save their daughters’ education and wedding expenses and create large funds.
Minimum investment: 250 rupees annually
Maximum investment: 1.5 lakh rupees annually
Time period: 21 years from date of opening account or daughter to marriage after 18 years of age
Tax Benefit: The scheme falls in the ‘EEE’ category, in which there is no tax on investment, interest and maturity amount.
Partial withdrawal: After the age of 18, 50% amount can be withdrawn for higher education.
This is the interest rate in 10 years
The SSY interest rates have been changed from time to time, which the Finance Ministry sets on a quarterly basis.
Launch time in 2015: 9.1% interest rate
Minimum rate in 2020-2022: 7.6%
From January 2024: 8.2% interest rate
Initially 9.2 percent interest rate was
21 January 2015 to 31 March 2015: Interest Rate 9.1%
1 April 2015 to 31 March 2016: Interest Rate 9.2%
1 April 2020 to 30 September 2022: Interest Rate 7.6%
After 1 January 2024: Interest Rate 8.2%
The scheme has always been giving better returns than savings schemes like fixed deposit. SSY has given an average of 8% or more annual returns in 10 years. Sukanya is the most trusted investment option for the future of daughters, due to providing Sukanya Samriddhi Yojana, security, tax benefits and good returns.
Auto and taxi fare will increase from February 1, now passengers will have to pay more fare