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Government benefits · Women & Children

Sukanya Samriddhi, 8.2% EEE for girl child: the best tax-free return in India

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  1. Facts

    Sukanya Samriddhi Yojana is arguably the best savings product in India for any parent with a girl child. EEE tax treatment: investment deductible, interest tax-free, maturity fully tax-free.

  2. Provisions and law

    • Sukanya Samriddhi Account Rules 2016 | IT Act, Sec 123, 11 (old 80C, 10(11A))

  3. Analysis

    Current rate: 8.2% p.a. compounded annually. Deposits: ₹250 minimum, ₹1.5L maximum per year. For first 15 years only, no deposits from Year 16-21, but interest continues accruing. Maturity: 21 years from opening (or when girl marries after 18). Who can open: Parents/guardians of girl child below 10 years. Max 2 accounts per family (one per girl child). NRI parents: not eligible. Partial withdrawal: 50% of balance at end of preceding year allowed when girl turns 18 (for higher education or marriage). Full withdrawal on maturity.

  4. Conclusion

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