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सुकन्या समृद्धि योजना · Finance

Sukanya Samriddhi Yojana

Tax-free savings scheme for the girl child.

Managed by: Ministry of Finance (Post Offices & Banks)

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Eligibility

  • Girl child below age 10
  • Only 2 accounts per family (3 if twins/triplets)

Required Documents

  • Girl's birth certificate
  • Guardian's Aadhaar & PAN
  • Address proof

Step-by-step Application Guide

  1. 1

    Visit post office/bank

    Any post office or authorised bank (SBI, PNB, HDFC, ICICI etc.).

  2. 2

    Fill Form-1

    Guardian fills SSY account opening form.

  3. 3

    Initial deposit

    Minimum ₹250, maximum ₹1.5 lakh per financial year.

  4. 4

    Deposit for 15 years

    Account matures in 21 years or on marriage after age 18.

  5. 5

    Partial withdrawal

    50% allowed for higher education after girl turns 18.

Important Notes

  • Current interest ~8.2% p.a. (revised quarterly), fully tax-free under EEE.
  • Missed deposits: ₹50 penalty + minimum ₹250 to revive.

Frequently Asked Questions

Can NRI open SSY?

No, only resident Indian girls are eligible; account closes if she becomes NRI.

80C benefit?

Yes, deposits qualify under Section 80C up to ₹1.5 lakh.