The Sukanya Samriddhi Yojana is as girl child prosperity scheme under Beti Bachao Beti padhao program of Prime Minister Narendra Modi. SSY account is to ensure a bright future for girl children in India. This yojana is to facilitate them proper education and care free marriage expenses.  The scheme has well been accepted by the masses in wake of the financial security and independence it would provide to the girl child as well as their parents and guardians.


To promote the welfare of Girl Child



♦ The account can be opened by the natural or legal guardian in the name of a girl child from the birth of the girl child till she attains the age of 10 years

♦ A depositor can open and operate only one account in the name of a girl child under the scheme rules

♦  Natural or legal guardian of a girl child can be allowed to open the account for two girl children only. The third account in the name of the girl child can be opened in the event of birth of twin girls, as second birth or if the first birth itself results into three girl childrenWho can open the account: A natural/ legal guardian on behalf of a girl child



Maximum number of accounts

Upto two girl children or three in case of twin girls as second birth or the first birth itself results in three girl children


Minimum and Maximum Amount of Deposit

Min rs .250  of initial deposit with multiple of one hundred rupees thereafter with annual ceiling of Rs.150000 in a financial year


Tenure of the Deposit

21 years from the date of opening of the account


Maximum period upto which deposits can be made 

15 years from the date of opening of the account.


Interest on Deposit 

As notified by the GOI, compounded annually with option for monthly interest pay-outs to be calculated on balance in completed thousands.( Current rate 8.60%w.e.f 1st April, 2016)


Tax Rebate

As applicable under section 80C of the IT Act, 1961. In the latest Finance Bill, the scheme has been extended Triple exempt benefits i.e. there will be no tax on the amount invested, amount earned as interest and amount withdrawn.

Premature Closure

Allowed in the event of death of the depositor or in cases of extreme compassionate grounds such as medical support in life threatening diseases to be authorized by an order by the Central Government


Irregular Payment/ Revival of account: 

By payment of penalty of Rs.50 per year alongwith the minimum specified amount per year


Mode of Deposit

Cash/Cheque/ Demand Draft/ Transfer/ online transfers through internet Banking .



Standing Instructions can be given either at the Branch or set through Internet Banking for automatic credit to Sukanya Samriddhi Account .



 50% of the balance lying in the account as at the end of previous financial year for the purpose of higher education, marriage after attaining the age of 18 years



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