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Sukanya Samriddhi Yojana (SSY)

The Sukanya Samriddhi Yojana (SSY), also known as girl child prosperity scheme is launched by 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 carefree 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.

Sukanya Samriddhi Account Yojana offers a small deposit investment for the girl children as an initiative under ‘Beti Bachao Beti Padhao’ campaign.  One of the key benefits of the scheme is that it is quite affordable and offers one of the highest rates of interest.


To promote the welfare of Girl Child

Who 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. 1000 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:

14 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 9.20%)

Tax Benefits:
Any amount upto Rs 1.5 lakh would be deposited in Sukanya Samriddhi Account would be exempted from tax. The interest and maturity amount on this account is also exempted from income tax. Also the amount matured at the time to account closure would be completely tax free.

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


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

For More Details: Click Here


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