Sukanya Samriddhi Yojana 2024 – सुकन्या समृद्धि योजना: In an effort to promote financial inclusion and empower the girl child, the Government of India introduced the Sukanya Samriddhi Yojana (SSY) in 2015. This ambitious savings scheme aims to secure the future of young girls by providing a dedicated avenue for long-term financial planning. With its attractive interest rates and tax benefits, the Sukanya Samriddhi Yojana has become a popular choice for parents looking to build a substantial corpus for their daughters’ education and marriage expenses.
| योजना का नाम | सुकन्या समृद्धि योजना |
| लेख | Sukanya Samriddhi Yojana 2024 |
| Category of Article | सरकारी योजना |
| कौन आवेदन कर सकता है? | देश के प्रत्येक बेटी इस योजना में आवेदन कर सकती है। |
| आवेदन का माध्यम क्या है? | ऑफलाइन माध्यम से आवेदन करना होगा। |
| Minimum Premium Amount | Only 250 Rs |
Key Features of Sukanya Samriddhi Yojana:
Eligibility:
The scheme is open for parents or legal guardians of a girl child below the age of 10 years. Agar aapki bhi 10 saal se niche ki bachchi hai to aap is yojana ka laabh le sakte hain.
A maximum of two accounts can be opened for two girls in the same family. Maximum 2 ladki ke liye aap is yojana ke tahat khata khulwa sakte hain aur iska laabh le sakte hain.
Account Opening:
Sukanya Samriddhi Yojana accounts can be opened at any authorized bank or post office.
A minimum deposit of Rs. 250 is required to initiate the account, and subsequent contributions can be made in multiples of Rs. 100.
The account can be opened with an initial deposit, and subsequent deposits can be made until the girl turns 15 years old.
Tenure and Maturity:
The account has a tenure of 21 years from the date of opening or until the girl gets married after the age of 18.
Partial withdrawals of up to 50% of the balance can be made after the girl turns 18 for higher education or other specified expenses.
Interest Rate:
The interest rate is reviewed and revised quarterly by the government. As of the last update, the interest rate is typically higher than that of most other small savings schemes.
The interest is compounded annually, providing an added advantage for long-term wealth creation.
The interest rate on the Sukanya Samriddhi Yojana is fixed by the government and reviewed every quarter. The Sukanya Samriddhi Yojana interest rate for 2023 is 8%.
| SSY Interest Rate | 8% p.a. (for 2nd Quarter of FY 2023-24) |
| Investment Amount | Minimum – Rs.250; Maximum Rs.1.5 lakh p.a. |
| Maturity Amount | It depends on the amount invested |
| Maturity Period | 21 years |
Sukanya Samriddhi Yojana (SSY) Previous Rates
| Time Period | SSY Interest Rate (% annually) |
| Oct to Dec 2023 (Q3 FY 2023-24) | 8.0 |
| Apr to Jun 2023 (Q1 FY 2023-24) | 8.0 |
| Jan to Mar 2023 (Q4 FY 2022-23) | 7.6 |
| Oct to Dec 2022 (Q3 FY 2022-23) | 7.6 |
| Jul to Sep 2022 (Q2 FY 2022-23) | 7.6 |
| Apr to Jun 2022 (Q1 FY 2022-23) | 7.6 |
| Jan to Mar 2022 (Q4 FY 2021-22) | 7.6 |
| Oct to Dec 2021 (Q3 FY 2021-22) | 7.6 |
| Jul to Sep 2021 (Q2 FY 2021-22) | 7.6 |
| Apr to Jun 2021 (Q1 FY 2021-22) | 7.6 |
| Jan to March 2021 (Q4 FY 2020-21) | 7.6 |
| Oct to Dec 2020 (Q3 FY 2020-21) | 7.6 |
| Jul to Sep 2020 (Q2 FY 2020-21) | 7.6 |
| Apr to Jun 2020 (Q1 FY 2020-21) | 7.6 |
| Jan to March (Q4 FY 2019-20) | 8.4 |
| Oct to Dec 2019 (Q3 FY 2019-20) | 8.4 |
| Jul to Sep 2019 (Q2 FY 2019-20) | 8.4 |
| Apr to Jun 2019 (Q1 FY 2019-20) | 8.5 |
| Jan to March 2019 (Q4 FY 2018-19) | 8.5 |
| Oct to Dec 2018 (Q3 FY 2018-19) | 8.5 |
| Jul to Sep 2018 (Q2 FY 2018-19) | 8.1 |
| Apr to Jun 2018 (Q1 FY 2018-19) | 8.1 |
| Jan to March 2018 (Q4 FY 2017-18) | 8.1 |
| Oct to Dec 2017 (Q3 FY 2017-18) | 8.3 |
| Jul to Sep 2017 (Q2 FY 2017-18) | 8.3 |
| Apr to Jun 2017 (Q1 FY 2017-18) | 8.4 |
Tax Benefits:
Contributions made to Sukanya Samriddhi Yojana are eligible for deductions under Section 80C of the Income Tax Act, up to a maximum of Rs. 1.5 lakh per financial year.
The interest earned and the maturity amount are also tax-free, making it an attractive option for tax planning.
Account Operation:
The account can be transferred to any part of the country if the girl child’s parents or guardians relocate.
Regular updates and statements regarding the account balance and transactions are provided.
Default and Revival:
In case of non-payment of the minimum deposit amount, a penalty is levied. However, the account can be revived by paying the penalty and the minimum deposit amount.
Conclusion:
Sukanya Samriddhi Yojana stands out as a commendable initiative by the Indian government to secure the financial future of the girl child. Its focus on education and marriage expenses ensures that parents have a structured and disciplined way of saving for these crucial life events. The combination of tax benefits, attractive interest rates, and the security of a government-backed scheme makes SSY a preferred choice for many families.
Parents are encouraged to explore this scheme and take advantage of the benefits it offers. By investing in Sukanya Samriddhi Yojana, they not only secure their daughters’ financial future but also contribute to the larger goal of empowering the girl child in India.
