The government launched the Sukanya Samriddhi Yojana (SSY) as a fixed-income investment scheme to secure the future of girl children in India. Under the Beti Bachao Beti Padhao initiative, SSY Interest Rate encourages parents to invest in their daughter’s education and marriage expenses while providing attractive interest rates and tax benefits.
The government is expected to announce the Sukanya Samriddhi Yojana interest rate for 2025 on a quarterly basis. The SSY interest rate typically varies based on economic conditions and government policies. You can check the latest interest rate for the scheme on the official website of the Ministry of Finance or the Reserve Bank of India (RBI).
For the financial year 2024-25, the government has set the Sukanya Samriddhi Yojana interest rate at 8.2% per annum, compounding it annually. Banks credit the interest at the end of each financial year and calculate it based on the lowest balance between the 5th and the last day of the month.
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The system calculates interest on SSY based on the minimum balance in the account between the 5th and the last day of each month and compounds it annually. The online SSY calculator helps investors estimate their returns over the long term.
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Currently, no loan facility is available against an SSY account. The scheme is purely a savings initiative for the financial security of a girl child and does not offer any loan facility.
The Sukanya Samriddhi Yojana (SSY) is one of the most effective and rewarding savings schemes for parents planning for their daughter’s future. With an attractive interest rate of 8.2% for 2024-25, tax benefits under Section 80C, and a structured maturity plan, SSY remains a preferred investment option. While the government revises interest rates periodically, its EEE tax status and high compounding benefits make it a must-have for long-term financial planning. Parents should regularly check the official notifications for the latest interest rate updates and maximize their savings under this tax-saving investment scheme.
The interest rate for 2025 is yet to be announced. However, for 2024-25, it is 8.2% per annum.
The government reviews and revises the Sukanya Samriddhi Yojana interest rate quarterly.
Yes, partial withdrawal is allowed after the girl turns 18 years old for higher education or marriage.
No, the interest rate is subject to change based on government notifications every quarter.
Yes, SSY offers higher interest rates and tax benefits compared to Fixed Deposits (FDs), making it a better long-term investment option.
No, only one account per girl child is allowed, and a maximum of two accounts per family can be opened.
You can use an online SSY calculator to estimate the maturity amount based on your contributions and the applicable interest rate.
No, loans are not allowed against an SSY account as it is a dedicated savings scheme for the girl child’s future.
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