The Sukanya & Chiranjiv Kalyan Scheme at Galaxy Multistate Co-operative Society, Phaltan is a purpose-built deposit plan for daughters and children helping parents build a secure financial foundation for their child's education, marriage, or future goals. A strong step towards your child's bright future.
Sukanya means 'for daughters' and Chiranjiv means 'for sons.' This scheme covers both daughters and sons, offering a dedicated savings plan that grows alongside your child.
Parents in Phaltan and Satara district use this scheme to systematically build a corpus for higher education, marriage expenses, or as a financial gift when the child grows up.
| Tenure | Interest Rate (% p.a.) |
|---|---|
| 12 Months | 9.75% |
| 15 Months | 10.00% |
The Sukanya & Chiranjiv Kalyan Scheme is Galaxy Multistate's purpose-built deposit plan for children covering both daughters (Sukanya) and sons (Chiranjiv) designed for parents across Phaltan, Lonand, Dahivadi, and the Akluj corridor who want to start building a financial foundation for their child early.
Unlike a general savings account, this scheme is structured around long-term goals specific to a child's life stage, higher education expenses, marriage costs, or simply a financial gift that matures alongside the child. With tenure options of 12 and 15 months, parents can choose a horizon that fits their planning timeline, with the longer tenure earning a higher rate of return.
Many parents in Satara district open this scheme alongside a Recurring Deposit, contributing smaller monthly amounts toward the same long-term goal once this deposit matures. The scheme carries the same regulatory backing as all Galaxy Multistate deposits registered under the Multi-State Co-operative Societies Act, Reg. No. MSCS/CR/1641/2025.