EducationNational SchemeOngoing
Sukanya Samriddhi Yojana — Girl Child Savings Scheme
Sukanya Samriddhi Yojana is a small savings scheme for girl children offering 8.2% annual interest, tax deduction under 80C, and tax-free maturity for education and marriage.
Ministry of Finance, GoI
What you get
Interest rate: 8.2% per annum (compounded annually, revised quarterly). Tax deduction: Rs 1.5 lakh/year under Section 80C. Maturity: after 21 years or on marriage after 18 years. Minimum deposit: Rs 250/year; maximum: Rs 1.5 lakh/year. Partial withdrawal: 50% at age 18 for education. Account transferable pan-India.
Who can apply
Girl child up to 10 years of age. One account per girl, maximum 2 accounts per family (3 in case of twin girls).
For: Girl children up to age 10
- Account opened by parent or guardian
- Minimum Rs 250/year to avoid penalty
- Matures after 21 years from opening
Documents required
General
- Birth certificate of girl
- Aadhaar of girl and parent/guardian
- Bank account of parent
- Passport size photo of girl and parent
Scheme code: SSY/2015