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Sukanya Samriddhi Yojana Scheme Details
Sukanya Samriddhi Yojana Scheme Details: Sukanya Samriddhi Yojana (SSY) is a Government of India small-savings scheme designed to help parents or guardians build a long-term savings fund for a girl child’s education and future needs.
Sukanya Samriddhi Yojana Scheme – Key Details
| Feature | Details |
|---|---|
| Scheme Name | Sukanya Samriddhi Account (SSA) |
| Eligible Child | Girl child below 10 years |
| Minimum Deposit | ₹250 per financial year |
| Maximum Deposit | ₹1,50,000 per financial year |
| Interest Rate | 8.2% currently |
| Deposit Period | 15 years from account opening |
| Maturity | 21 years from account opening |
| Withdrawal | Up to 50% for specified education purposes, subject to rules |
| Tax Benefit | Eligible for Section 80C benefits, subject to applicable tax rules |
| Account Location | Post offices and authorised banks |
Sukanya Samriddhi Yojana Scheme 2026 Eligibility
Who Can Open a Sukanya Samriddhi Account?
A parent or legal guardian can open a Sukanya Samriddhi Account in the name of a girl child who has not attained 10 years of age on the date of opening the account.
Generally, one account can be opened per girl child, and accounts can be opened for up to two girl children in a family, subject to the applicable rules and exceptions.
Sukanya Samriddhi Yojana Scheme 2026 Deposit Limit
How Much Can You Deposit in SSY?
- Minimum deposit: ₹250 per financial year
- Maximum deposit: ₹1.50 lakh per financial year
- Deposits can be made in multiples of ₹50.
- Monthly deposits are not compulsory.
- Deposits are required for 15 years from the date of opening the account.
Sukanya Samriddhi Yojana Maturity Period
The Sukanya Samriddhi Account normally matures after 21 years from the date of opening. Therefore, SSY is designed as a long-term savings scheme rather than a short-term investment.
Sukanya Samriddhi Yojana Withdrawal Rules
Partial withdrawal of up to 50% of the account balance is permitted for specified higher-education purposes after the girl reaches 18 years of age or passes 10th standard, subject to the applicable rules and required documents.
The account may also be closed after the girl attains 18 years in connection with marriage, subject to the conditions prescribed under the scheme.
Sukanya Samriddhi Yojana Example
Suppose you deposit ₹1,00,000 every year for 15 years.
Total amount deposited:
₹1,00,000 × 15 = ₹15,00,000
The maturity amount can be higher because the account earns interest. However, the exact maturity amount depends on the interest rates applicable during the investment period because the Government may revise small-savings interest rates periodically.
Where Can You Open a Sukanya Samriddhi Account?
You can open a Sukanya Samriddhi Account at an eligible post office or authorised bank.
India Post also provides facilities for managing deposits through its banking services.
Documents Required for Sukanya Samriddhi Account
- Girl child’s birth certificate
- Guardian’s identity proof
- Guardian’s address proof
- SSY account opening application form
- Other KYC documents as required by the bank or post office
Benefits of Sukanya Samriddhi Yojana
- Government-backed small-savings scheme
- Designed specifically for the financial future of a girl child
- Long-term savings option
- Competitive interest rate compared with many traditional savings products
- Tax benefits may be available under applicable income-tax provisions
- Low minimum annual deposit of just ₹250
Important Points to Remember
- The account is intended for a girl child below 10 years of age at the time of opening.
- The minimum annual deposit is ₹250.
- The maximum annual deposit is ₹1.50 lakh.
- Deposits are made for 15 years.
- The account normally matures after 21 years from opening.
- Interest rates are subject to Government revision.
- Keep the account active by making the required minimum annual deposit.
Frequently Asked Questions (FAQs)
1. What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana is a Government of India savings scheme designed to help build a financial fund for a girl child’s education and future.
2. What is the minimum deposit for SSY?
The minimum deposit is ₹250 per financial year.
3. What is the maximum deposit in Sukanya Samriddhi Yojana?
The maximum deposit allowed is ₹1.50 lakh per financial year.
4. What is the current SSY interest rate?
The currently applicable interest rate is 8.2%, subject to Government revision.
5. How long do I have to deposit money?
Deposits are required for 15 years from the date of opening the account.
6. When does the SSY account mature?
The account normally matures 21 years from the date of opening.
7. Can money be withdrawn from an SSY account?
Yes. Partial withdrawal is permitted for specified educational purposes, subject to the applicable rules.
8. Who can open an SSY account?
A parent or legal guardian can open the account in the name of an eligible girl child below 10 years of age.
9. Where can I open a Sukanya Samriddhi Account?
You can open an SSY account at eligible post offices and authorised banks.
10. Is Sukanya Samriddhi Yojana a government scheme?
Yes. Sukanya Samriddhi Yojana is a Government of India small-savings scheme.
Conclusion
Sukanya Samriddhi Yojana is a long-term savings option for parents and guardians who want to build a fund for a girl child’s education and future financial needs. Before opening an account, check the latest interest rate, eligibility conditions and rules from an authorised post office or bank. Link
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