As they say, educate the girl and the whole family will be educated. Sukanya Samriddhi Yojana is a step towards realising this saying. The Indian Government back in 2015 started a savings scheme which enables parents to save in the name of their girl child primarily for her education and her wedding as well. SSY is a risk-free deposit scheme which is launched under the campaign “Beti Bachao Beti Padhao” of the Indian govt. Apart from being risk-free; another highlight of this scheme is that it comes with a tax-benefit as well. And to add to it, the maturity amount as well as the interest is tax exempted.
Sukanya samriddhi Yojana Scheme offers the best RoI among other saving schemes which is 8.3% presently. The GOI holds right to alter this interest rate as per requirement.