Sukanya Samriddhi Yojana

iAbout This Scheme

A savings scheme for the girl child providing high interest rate and tax benefits, designed to ensure education and marriage expenses under Beti Bachao Beti Padhao campaign.

🎁Key Benefits

8.2% interest rate per annum (Q1 FY 2024-25)
Tax exemption under Section 80C up to ₹1.5 lakh
Maturity on girl turning 21
Partial withdrawal (50%) after girl turns 18 for education
Minimum ₹250/year, maximum ₹1.5 lakh/year

✅Eligibility Criteria

1
Girl child below 10 years of age
2
Account opened by parent/legal guardian
3
Maximum 2 accounts per family (3 in case of twins/triplets)

Max Age

10 years

Gender

female

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📝How to Apply

1

Visit Post Office / Bank

Go to any post office or authorized public sector bank branch

2

Fill Account Opening Form

Fill SSA-1 form with girl's and guardian's details

3

Submit Documents

Attach birth certificate, guardian ID, and address proof

4

Initial Deposit

Deposit minimum ₹250 to open account; receive passbook

❓Frequently Asked Questions

Can NRI open SSY account?

No, NRIs cannot open SSY accounts. Only resident Indian girls are eligible.

When can I withdraw?

50% withdrawal at age 18 for higher education. Full maturity at 21 years.