Sukanya Samruthi Yogana is one of the several programmes available to help save a girl child. However, parents or guardians can select the appropriate schemes that address the essential requirement and options. It enables them to have a decent life and a bright future.
1. Features of the schemes :
- One account is opened for each child
- These schemes are designed to provide education and meet the needs of the girl child
- Only one account can be opened in the name of one girl child.
- Income tax benefit is available under section 80(C)
- The deposit is mandatory until the child turns 14
- A minimum of Rs.1000 should be deposited each year
- The girl child must reside in India
- Half of the total balance can be withdrawn once the child turns 14.
2. Advantages of the schemes :
- Has zero risks compared to other investments
- They involve hassle-free procedures
- Parents/ guardians can choose the duration for investing
- People who need help in financial planning can opt for these schemes which help them gain more advantages
3. List of 6 best post office schemes.
- Sukanya Samruddhi yojana
- Post office time deposits
- Kissan Vikas Patra
- Post office monthly income scheme
- National saving certificate
- Public provident fund
1. Sukanya samruddhi Yojana :
It’s a government-backed small saving scheme for the girl child where the interest rate is 7.6% per annum. It’s applicable when the girl is below 10 when creating an account. It’s the part of Beti Bachao, Beti Padhao Yojana which provides a large number of benefits.
Advantages:
- The rate of return is high
- There is a guarantee of return
- Can easily be transferred to another part of the country
- Deposits are allowed up to ₹250 to ₹1.5 lakhs
- Allows you to claim a tax deduction up to 1.5 lakhs manually In addition to providing the benefit of compounding
- it is a great long-term investment.

2. Post office time deposit account :
India’s post office time deposit account came into existence in 1854 with over 1.55 lakhs offices. It offers small savings, life insurance, Muttiah funds etc. it’s one of the best schemes available for a girl child in India. Depositors can choose to reinvest in the interest rates after one year if the good returns they had. Parents/ guardians can deposit a minimum of ₹1000.
Benefits :
- Premature withdrawal of deposits is available
- Nomination facilities are available
- It guarantees a return on investment
- Investments are flexible
- It qualifies tax deduction under section 80(C)
- It can be transferred from one post office to another

3. Kissan Vikas Patra
KVP is the best plan for girls because it offers a high-income-generating programme. The minimum payment is Rs.1,000 with no upper limit. If the Custodian want to deposit well over 10 lakhs, verification of earnings must be shown.
Benefits
- The interest rate is fixed, ensuring that the principal amount is doubled in 8.3 years.
- Most banks and financial organisations accept this certificate as collateral for loans.
- This investment is secure because it is a govt scheme with guaranteed and secure returns.
- There is no maximum bound for investing in this scheme.
At the moment of encashment, no tax is deducted. - You can quickly encash it in an emergency.

4. Post office monthly income scheme :
Parents will have regular access to monthly earnings in this post office saving account for the girl kid. 6.6 percent interest rates are available, with a minimum of Rs1500 and a maximum of Rs4.5 lakhs.
Advantages
- Parents/guardians are penalized by up to 1% after three years of withdrawals.
- It is an investment that carries no risk.
- Money can be conveniently transferred into this investment on a regular basis.
- Taxes are not deducted at source under this scheme.
- In this program, profits are taxable.

5. National saving certificate :
NSC is one of the best schemes available in the post office that has an interest rate of 6.8 %. They have to pay income tax and interest in this scheme where the money investing starts from ₹100 to a maximum of ₹1.5 lakhs
Benefits:
- Deposits under this scheme are eligible for deduction under section 80(C) of the income tax account
- The interest is compounded and is only payable at the maturity
- This scheme is a risk-free investment
- It can be purchased from any Indian post office
- The minimum investment limit is affordable.

6. Public provident fund :
PPF is a girl child saving scheme in the post office where the interest rate is only 7.1% and has a fixed tenure of 15 years. Parents/ guardians can encash it at the end of the 5th year where they can opt for premature closure of the account with only a 1% penalty.
Benefits
- These schemes provide guaranteed returns
- Loans are available to encash between the 3rd and 5th year during serious emergencies.
- The parent/ guardian can make the deposits in lum-sum or instalments
- Can be transferred from one place destination to another
- PPF are deductible under section 80(C) of the income tax act.
To know more about PPF check out the link below :


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M Pavan
I'm a content creator and data analyst at rapidezwriter with over a year of experience in SEO and SMO. I am also a part-time blogger at blogtanist, skilled in research and information accumulation.
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