Women & ChildrenNational SchemeOngoing
Sukanya Samriddhi Yojana (SSY)
High-interest savings scheme for girl children with tax benefits, to fund education and marriage expenses.
Ministry of Finance
What you get
Interest rate of 8.2% per annum (revised quarterly). Minimum deposit ₹250, maximum ₹1.5 lakh per year. Account can be opened for up to 2 girl children per family. Maturity after 21 years from opening, or at marriage after 18 years. 50% withdrawal allowed after girl turns 18 for education. Full tax exemption under Section 80C, interest tax-free, maturity proceeds tax-free (EEE status). Account operated by parents/guardian until girl turns 18.
Who can apply
Girl children below 10 years of age. Account opened by parents or legal guardian.
For: Girl children below 10 years
Age: 10 years
Gender: female
- Maximum 2 accounts per family (exception for twins/triplets)
- Account at post office or authorized bank
- Girl must be Indian resident
Documents required
General
- Birth certificate of girl child
- Aadhaar card of parents/guardian
- Address proof
- Photograph of guardian and child
Scheme code: SSY