Disclaimer: All information is sourced from public records and official government websites. For more details, please visit your nearest authorized bank. The publisher is not responsible for any discrepancies.
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The Sukanya Samriddhi Yojana (SSY) is a special savings scheme started by the Government of India under the ‘Beti Bachao, Beti Padhao’ initiative. It is designed to help parents save money for their daughter’s education and marriage. This scheme offers a high interest rate, tax-free returns, and is completely backed by the government, making it a safe and long-term investment for parents and guardians. The Sukanya Samriddhi Yojana is one of the most trusted and rewarding government schemes for parents planning their daughter’s financial future. It ensures peace of mind while helping families build a substantial fund for education or marriage.
Interest Rate: 8.2% per annum (for Q2 FY 2025–26), one of the highest among small savings schemes.
Minimum Deposit: ₹250 per year.
Maximum Deposit: ₹1.5 lakh per financial year.
Investment Duration: Deposits are allowed for 15 years from account opening.
Maturity Period: The account matures after 21 years or when the girl gets married after turning 18.
Tax Benefits: The scheme enjoys EEE status — investment, interest, and maturity amount are all tax-free.
Section 80C Deduction: Deposits qualify for tax deduction up to ₹1.5 lakh annually.
Annual Compounding: Interest is compounded every year, ensuring steady growth.
Free Transfer: The account can be easily transferred between banks or post offices across India.
The parent or legal guardian of a girl child can open the account.
The girl must be below 10 years of age at the time of account opening.
Only one account per girl child is allowed.
A family can open two accounts (one for each daughter).
In special cases such as twins or triplets, a third account is permitted.
The account can be opened at any authorized bank or Post Office.
Girl child’s birth certificate
Parent/guardian’s Aadhaar card and PAN card (both mandatory)
Visit the nearest bank or post office.
Fill out the SSY application form.
Submit the required documents.
Deposit the initial amount (minimum ₹250).
Once opened, the account can later be operated by the girl herself after turning 18.
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According to the latest Finance Ministry notification, providing Aadhaar and PAN details is mandatory for both new and existing account holders.
For new accounts: Aadhaar or proof of Aadhaar enrollment must be submitted at the time of opening.
Existing account holders must link Aadhaar within 6 months and PAN within 2 months if any of the following occur:
Account balance exceeds ₹50,000.
Annual deposits exceed ₹1 lakh.
Withdrawals or transfers exceed ₹10,000 in a month.
Accounts will remain inactive until these details are updated.
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Up to 50% of the balance can be withdrawn for higher education after the girl turns 18 or passes the 10th standard.
Withdrawal can be done once per year, in installments or lump sum, for up to five years.
Allowed for marriage after the girl attains 18 years of age.
The account matures after 21 years from the date of opening.
The minimum annual deposit is ₹250, and the maximum is ₹1.5 lakh.
Deposits can be made in multiples of ₹50, in lump sum or installments.
If the minimum amount is not deposited, the account becomes a ‘Default Account’.
A default account can be reactivated by paying ₹250 plus a penalty of ₹50 per defaulted year within 15 years of opening.
Even if the account defaults, it continues to earn interest until maturity.
The Sukanya Samriddhi Yojana enjoys triple tax exemption (EEE) status:
Exempt investment: No tax on the money deposited.
Exempt interest: Interest earned is tax-free.
Exempt maturity: The maturity amount is fully tax-free.
Investments qualify for deduction under Section 80C, up to ₹1.5 lakh per financial year.
For detailed information or to locate the nearest post office/bank branch, visit the official Sukanya Samriddhi Yojana page:
https://www.nsiindia.gov.in/InternalPage.aspx?Id_Pk=89
Disclaimer: All information is sourced from public records and official government websites. For more details, please visit your nearest authorized bank. The publisher is not responsible for any discrepancies.