Here's what makes Sukanya Samriddhi Yojana an attractive investment scheme

The account can be opened with an initial deposit of not less than Rs 250. Deposits can be made in to the account numerous times without limit, but on condition that the total annual deposit will not exceed Rs 1,50,000 and a minimum deposit of Rs 250 is made every year.

The account matures when it completes 21 years from the date of opening, whereas deposits can be made only for the first fifteen years from the date of opening.

However, there is several other options within the scheme that will make the account even more attractive. There is the option of partial withdrawal once the child becomes 18 years old. This is made available to ensure that the account could support the future education and even marriage expenses of the girl.

The scheme is highly beneficial for anyone looking for securing the future of their girl child. One key plus point of the scheme is the high returns due to significantly higher interest rates. The rates for the scheme is significantly higher than other deposits and stands between 8 percent and 9.2 percent. With the interest rate set to rise to 8.5 percent from 8.1 percent next month, the scheme gives one of the highest interest among conventional bank deposits. In fact it comes with the highest interest rate among saving schemes after the senior citizen savings scheme.

In addition it also provides serious tax benefits also. The contribution to the scheme qualifies for tax deduction under Section 80 C making it a tax saver. In the same manner the interest accumulated from the scheme too is exempted from tax.

Thus an account under the scheme will not only secure the future of the child but also aid in wealth generation.