Sukanya Samriddhi Yojana
A small-savings scheme for the girl child offering attractive interest and tax benefits to build a corpus for education and marriage.
Overview
Sukanya Samriddhi Yojana is a small-savings scheme under the Beti Bachao Beti Padhao campaign.
Parents or guardians can open an account for a girl child and make annual deposits at an attractive interest rate.
The maturity amount is intended to support the girl's higher education and marriage expenses.
Eligibility Criteria
- The account can be opened by a parent or legal guardian for a girl child below 10 years of age.
- A maximum of two accounts is allowed per family (with exceptions for twins/triplets).
- Only one account is permitted per girl child.
Key Benefits
- Attractive, government-declared interest rate, revised quarterly.
- EEE tax status — deposits, interest and maturity are exempt under current rules (Section 80C).
- Partial withdrawal allowed for higher education after the girl turns 18.
Required Documents
How to Apply
- 1Visit a post office or an authorised bank branch.
- 2Fill in the account opening form and attach the girl child's birth certificate and guardian KYC.
- 3Make the initial deposit to activate the account.
- 4Continue annual deposits for the required period to maximise the corpus.
Important Dates
| Scheme launched | January 2015 |
|---|---|
| Deposit period | 15 years from opening |
Frequently Asked Questions
Common questions about SSY.
A parent or legal guardian can open the account for a girl child who is below 10 years of age, with a maximum of two accounts per family.
Yes. Under current rules it enjoys EEE status — deposits qualify under Section 80C and both the interest and maturity amount are tax-exempt.
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