Sukanya Samridhi Yojana: Sukanya Samriddhi Yojana (SSY) is a government-supported savings scheme intended for the welfare of a female child. A component of the Beti Bachao, Beti Padhao Yojana, parents can initiate this scheme for a girl under 10 years at specified banks or post offices. The account remains active for 21 years or until the girl marries after turning 18, providing advantageous interest rates and tax perks.
Introduce on January 22, 2015, by the Ministry of Finance, the SSY is designed to financially safeguard girls’ future education and marriage expenses. Parents can deposit up to ₹1,50,000 annually, with an interest rate of 8.0% (effective from April 1, 2023, to June 30, 2023). The interest earned is tax-free, and contributions qualify for tax benefits under section 80C. As of now, around 2.73 crore accounts have been initiated, amassing deposits of nearly ₹1.19 lakh crore.
Sukanya Samridhi Yojana 2025
The Sukanya Samriddhi Yojana is a notable initiative introduced by the Indian government to provide financial support to families for the future of their daughters. Launched as part of the Beti Bachao Beti Padhao campaign in 2015, this scheme aims to assist in covering educational and marriage expenses for girls. Setting itself apart from other government savings schemes, the SSY offers attractive interest rates and ensures that both the interest earned and the final proceeds are exempt from taxes.
This scheme is meticulously crafted to address the financial requirements associated with a girl’s education and marriage, making it an indispensable tool for securing the financial well-being of female children in Indian households. By availing detailed information on aspects such as interest rates, eligibility criteria, benefits, and more about this government initiative, families can make informed decisions regarding their daughters’ future financial stability.
Sukanya Samridhi Yojana Details
| Aspects | Details |
| Scheme Name | Sukanya Samriddhi Yojana |
| Launch Date | January 22, 2015 |
| Managing Authority | Ministry of Finance |
| Purpose | Savings scheme for girls’ future education and marriage expenses |
| Maximum Investment Per Year | ₹1,50,000 |
| Maturity Period | 21 years |
| Interest Rate (2025-2025) | 8.20% annually, compounded yearly |
| Tax Benefits | Tax benefits under section 80C |
| Total Accounts Opened Since Inception | Approximately 2.73 crore |
| Category | Govt Schemes |
| Official Website | Click Here |
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Objective of Sukanya Samridhi Yojana (SSY)
The Sukanya Samriddhi Yojana, a government initiative, aims to ensure the future security of the girl child. Families in financially constrained circumstances often experience anxiety about their daughters’ future expenses, such as education and marriage, when they are born.
To address these worries, the government launch the Sukanya Samriddhi Yojana program. This scheme allows parents from economically disadvantaged backgrounds to open a savings account easily and make investments for their daughter’s future. Consequently, as the daughters mature, financial concerns will be alleviated, empowering them to become self-sufficient individuals. Investing in this scheme not only secures the girl child’s future but also fosters a sense of independence and financial stability for families.
Sukanya Samriddhi Yojana
Part of the government’s ‘Beti Bachao, Beti Padhao’ initiative. The Sukanya Samriddhi Yojana (SSY) is a welfare program aimed at offering financial stability for young girls. Parents or legal guardians can initiate this savings plan for girls under ten years old at a private or public bank. The account matures after 21 years, with the main goal being to assist in accumulating funds for the girl’s education and future needs.
Sukanya Samriddhi Yojana is a savings scheme created to ensure a financially stable future for girls in India. Through consistent deposits, parents can build a sizeable fund that can be utilized for important milestones in their daughter’s life. Introduced in 2015 as part of the Beti Bachao Beti Padhao Yojana by Prime Minister Narendra Modi, SSY is among various programs aimed at promoting the well-being of female children. Additional initiatives launched under this program are the ‘Dhanlakshmi Scheme’ and the ‘Ladli Scheme’.
Key Features of Sukanya Samriddhi Yojana
- Account Operation: Managed by parents until the girl reaches 10 years of age, and subsequently by the girl herself upon turning 18.
- Deposits: Minimum deposit of ₹250 annually, up to a maximum of ₹1.5 lakh per financial year, in multiples of ₹100.
- Scheme Duration: Contributions for 15 years, with the account maturing after 21 years from the opening date.
- Account Transfer: Free transfer across India with proof of residence change; ₹100 fee without proof.
- Deposit Methods: Online transfer, demand draft, cheque, or cash.
Benefits of Sukanya Samriddhi Yojana
- A minimum deposit of ₹250 and a maximum of ₹1.5 lakh per financial year are require.
- One account per girl child, up to a maximum of two accounts per family.
- Accounts can be accessed at post offices and approved banks across the country.
- Withdrawals allowed for higher education expenses of the account holder.
- Premature closure permitted for the girl’s marriage after 18 years.
- Tax advantages available for contributions made within the framework of Section 80C.
- Interest earned is tax-free under Section 10 of the Income Tax Act.
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List of Banks for Opening Sukanya Samriddhi Yojana (SSY) Account
Here is a compilation of banks where you can start a Sukanya Samriddhi Yojana account. Simply visit the closest branch of any of these banks to establish a savings account for your daughter’s future.
- State Bank of India
- Punjab National Bank
- Bank of India
- Bank of Baroda
- Bank of Maharashtra
- Allahabad Bank
- Axis Bank
- Andhra Bank
- Punjab and Sindh Bank
- Union Bank of India
- UCO Bank
- Vijaya Bank
- Oriental Bank of Commerce
- State Bank of Hyderabad
- United Bank of India
- Canara Bank
- Dena Bank
- State Bank of Patiala
- State Bank of Mysore
- IDBI Bank
- State Bank of Travancore
- ICICI Bank
- State Bank of Bikaner and Jaipur
Interest Rates
- Current interest rate: 8.2% per annum, compounded annually.
- The rate is review quarterly by the government, reflecting changes in economic conditions.
Eligibility Criteria for Sukanya Samridhi Yojana
- A Guardian has the option to create an account for a female child who is under the age of 10.
- Each girl child is eligible for only one account.
- Twins or triplets born in the first or second birth are subject to specific exceptions.
New Scheme Rules of SSY
- Account Opening: Accounts can be open for girls under 10 years old, with only one account per child.
- Deposits: Starting with a minimum of ₹250, additional deposits in multiples of ₹50, up to ₹1.5 lakh annually.
- Interest on Deposit: Calculated monthly and credited annually, with the current rate set at 8.2% per annum.
- Account Operation: Managed by guardians until the girl turns 18.
- Premature Closure: Permitted in case of the girl’s death or under compassionate circumstances.
- Withdrawal: Up to 50% of the previous year’s balance allowed for the girl’s education.
- Maturity Closure: Accounts mature after 21 years, with premature closure possible for marriage.
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How To Apply Sukanya Samriddhi Yojana Online 2025?
Applying for the Sukanya Samriddhi Yojana online in 2025 is a convenient and efficient way to secure your daughter’s financial future. By taking advantage of this government-backed savings scheme, you can ensure that she receives the necessary support for her education and marriage expenses. Embrace this opportunity to invest in her future today and pave the way for a brighter tomorrow. Don’t miss out on the chance to provide a stable foundation for your daughter’s dreams – apply for the Sukanya Samriddhi Yojana online now.
To open a Sukanya Samriddhi Yojana account:
- Visit a participating bank or Post Office branch https://www.india.gov.in/sukanya-samriddhi-yojna.
- Complete the application form with required details and attach necessary documents.
- Make the initial deposit.
- Once processed, receive a passbook marking the account’s activation.
Documents Required
In order to open an account for your daughter under the Sukanya Samriddhi Yojana, you must submit the specified documents at the bank or post office.
- Birth certificate of the girl child.
- Photo ID and address proof of the parent or legal guardian.
- Additional KYC documents like PAN and Voter ID.
- SSY account opening form.
- Medical certificate in case of multiple births in the same order.
Sukanya Samridhi Yojana FAQ’S
What is Sukanya Samriddhi Yojana (SSY)?
Sukanya Samriddhi Yojana is a government-backed savings scheme aimed at securing the future of girl children in India. It encourages parents to save for their daughters' education and marriage expenses.
Who can open a Sukanya Samriddhi Yojana account?
A guardian (parent or legal guardian) can open an SSY account for a girl child who is below 10 years of age.
What is the duration of Sukanya Samriddhi Yojana?
Contributions to the SSY account are made for 15 years, and the account matures after 21 years from the date of opening.
What are the benefits of Sukanya Samriddhi Yojana?
Tax benefits under Section 80C of the Income Tax Act for deposits made in the scheme. Tax-free interest earnings. Flexible deposit amounts ranging from ₹250 to ₹1.5 lakh per financial year. Withdrawals allowed for the girl child's higher education and marriage expenses.
What is the current interest rate on Sukanya Samriddhi Yojana deposits?
As of 2025-2025, the annual interest rate on SSY deposits is 8.2%, compounded annually. This rate is subject to periodic review by the government.
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