Here's the details on Sukanya Samriddhi Yojana !

Here's the details on Sukanya Samriddhi Yojana !

Sukanya Samriddhi Yojana (SSY) Scheme

Sukanya Samriddhi Yojana, a government savings plan, was created to benefit girl children under the initiative "Beti Bachao-Beti Padhao". This scheme allows the parent or guardian of the girl-child who is aged 10 or less to open an account. This scheme offers tax benefits as well as a higher interest rate.


  1. A parent or guardian can open the account for the girl child.
  2. The minimum age for a girl child is 10 years.
  3. A girl child can only have one account
  4. A family can only open 2 SSY schemes accounts.

How to invest?

Sukanya Samriddhi Scheme can be applied for through participating banks and post offices.
Steps to follow-

Sukanya Yojana Details Open an account

  1. Birth certificate for the girl child
  2. Photo ID of the parent or guardian applying
  3. Send proof of parent or guardian to the address
  4. Additional KYC proofs include PAN and Voter ID.

Application process

  1. Download the application form at either RBI or Indian Post websites, as well as participating public sector and private banks' official websites
  2. Please fill out the form with the key information of the girl child, as well as the details of a parent/legal guardian. The following are the mandatory fields that must be filled out in Sukanya Samriddhi Yojana Scheme form
  3. Name of the Girl Children - as Primary Account Holder
  4. Joint Holder-Name of A parent or legal guardian
  5. Initial deposit amount
  6. Date and the number of the cheque/DD for the initial deposit
  7. Details of the Birth Certificate and Date of Birth for girl child
  8. Identification of parent or legal guardian (such as driving license, Aadhaar etc.
  9. Present and permanent address (as per the ID document of the parent/legal guardian).
  10. Information about other KYC proofs like PAN, Voter ID Card, etc

interest rates of Sukanya Yojana 

The government sets the interest rate for the Sukanya Samriddhi Yojana and it is reviewed each quarter. The current interest rate for the Sukanya Samriddhi Yojana is 7.6%which is compounded annually.

Calculate your Investment Returns on Sukanya Samriddhi Yojana by Using SSY Calculator.

Tax Benefits

Tax-exempt are the principal amount deposited, any interest earned throughout the tenure and maturity benefits. Up to Rs 1.5 lakh, the principal amount can be deducted under section 80C.

Important Pointers on Sukanya Samriddhi Yojana Scheme

  1. After 21 years, or in the case of a girl child marrying after she reaches 18 years old, the account matures.
  2. After the child turns 18, a premature withdrawal of up to 50% is permitted, even if she has not married.
  3. Investment Duration: 21 Years
  4. Minimum investment: Rs 1000 per annum
  5. Maximum investment: Rs 1.5 lakhs annum
  6. 6. The account balance, principal and interest, is paid to the girl child upon maturity.

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