Sukanya Samriddhi Yojana: Who Qualifies and What You Get
A savings scheme for parents to build long-term funds for their daughter's higher education and marriage needs.
Sukanya Samriddhi Yojana is a high-interest savings scheme designed to help parents build a dedicated fund for their daughter's future expenses, such as higher education or marriage.
Who it's for
This scheme is available to the parents of girl children who are under 10 years of age.
What you get
You gain access to a high-interest savings account. The goal is to accumulate a significant amount of money over time to cover your daughter's future educational needs or marriage costs.
What it costs you
To keep the account active, you must make a minimum deposit of ₹250 per year.
The catch to know
There is a limit on how many accounts you can open; generally, only two accounts are allowed per family. However, there are exceptions to this rule in the case of twins.
How to apply
- Visit your local post office or authorized bank.
- Provide the necessary identification and birth documents for your daughter.
- Make your initial minimum deposit.
- For more information, check the official portal: https://www.nsiindia.gov.in/