Sukanya Samriddhi Yojana (SSY)

iAbout This Scheme

Sukanya Samriddhi Yojana is a government savings scheme for the girl child under the Beti Bachao Beti Padhao initiative, offering 8.2% per annum with EEE tax status. Accounts can be opened for girls below 10 years of age; deposits must be made for 15 years and the account matures at 21 years of age.

🎁Key Benefits

8.2% per annum interest, highest among small savings schemes
EEE tax status — deposit, interest, and maturity fully exempt
Section 80C deduction up to ₹1.5 lakh per year
Minimum ₹250 per year; maximum ₹1.5 lakh per year
Partial withdrawal of 50% allowed for education after girl turns 18
Account matures at age 21 of the girl child

✅Eligibility Criteria

1
Account opened in the name of girl child below 10 years
2
Parent or legal guardian can open the account
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.