Sukanya Samriddhi Yojana 2025 (SSY) is a flagship savings scheme launched by the Government of India to secure the future of girl children. Introduced on January 22, 2015, this scheme is aimed at providing financial security and stability to girls by encouraging parents to save systematically for their education and marriage expenses
Key Features of Sukanya Samriddhi Yojana 2025
- Eligibility: The account can be opened in the name of a girl child by her parents or legal guardians. The girl child must be below 10 years of age at the time of account opening.
- Tenure: The account matures 21 years after the date of opening or upon the marriage of the girl child after she attains the age of 18 years.
- Deposit Limits: The minimum annual deposit required is ₹250, and the maximum is ₹1.5 lakh per financial year. Deposits can be made for a maximum period of 15 years.
- Tax Benefits: Contributions made under SSY are eligible for tax deductions under Section 80C of the Income Tax Act, 1961. Additionally, the interest earned and the maturity amount are tax-free.
- Interest Rates: The scheme offers attractive interest rates, which are revised quarterly by the government.
Interest Rate History Sukanya Samriddhi Yojana 2025
The interest rates for Sukanya Samriddhi Yojana have seen fluctuations over the years:
- 2015: Initially, the scheme offered an interest rate of 9.1%.
- April 2015: The rate was slightly increased to 9.2%.
- Post-2016: The interest rates have gradually declined due to market trends and economic policies.
- 2024: As of now, the scheme offers an interest rate of 8.2%, which is reviewed and updated every quarter by the government.
Benefits of Sukanya Samriddhi Yojana
- High Returns: The interest rate of SSY is higher than most traditional savings schemes.
- Triple Tax Benefits: Contributions, interest earned, and maturity proceeds are all exempt from tax.
- Encourages Savings for Girls: Helps parents save systematically for the future financial needs of their daughters.
- Government-Backed Security: As a government scheme, it offers assured returns with no risk.
- Partial Withdrawal: Up to 50% of the accumulated amount can be withdrawn for higher education once the girl child turns 18.
Sukanya Samriddhi Yojana is a step toward empowering girl children by providing them with a secure financial future. With its tax benefits, competitive interest rates, and long-term focus, the scheme is an excellent tool for parents looking to plan their daughter’s education and other expenses effectively.
https://everydaytrends.in/reliance-jio-coin-earn-it-for-free/