Sukanya Samriddhi Yojana Details
Sukanya Samriddhi Yojana Details
Sukanya Samriddhi Yojana Details
Aimed at betterment of future of girl child in the country.
Deposit for only 14 years and maturity at 21 years from
the date of opening of the account.
100% Tax Free
Benefit under section 80C upto Rs.1,50,000 per year
Best among all small savings schemes under social security
Account can be opened in the name of a girl child up to the age of 10 years.
A natural / legal guardian can open an account on behalf of a girl child
Accounts up to two girl children (or maximum three in case of twin girls) can beopened
Maturity Value? of monthly deposit of:
Rs.250
Rs.500
Rs.1000
Rs.5000
Rs.10000
Rs.12500
Authorised by ministry of finance, it is a Government of India backed savings scheme
Returns: Latest interest rate of 7.6% per annum
Interest Compounded Annually
Deposit Period: 14 Years
Lock-in period: 21 years from the date of account opening.
Minimum investment – Rs 250 in one financial year
Maximum investment – Rs 1,50,000 in one financial year
The girl child has to be below the age of 10 at the time of account opening Post office or any designated branches of Government and Private Banks
(State Bank of India, United Bank of India, UCO Bank Punjab National Bank, Oriental Bank of Commerce, Indian Bank, ICICI Bank, Corporation Bank, Canara Bank, Bank of India, Axis Bank, Allahabad Bank, Vijaya Bank,
Union Bank of India, Syndicate Bank, Punjab & Sind Bank, Indian Overseas Bank, IDBI Bank, Dena Bank, Central Bank of India, Bank of Maharashtra, Bank of Baroda, Andhra Bank)
Withdrawals permitted only after completion of 21 years from the date of opening the account
however after attaining the age of 18 years, 50% of the balance can be withdrawn for the purpose of higher education or marriage.
One account for one girl child
SSY Account Opening Form
Birth Certificate of girl child (mandatory)
Identity proof (as per RBI KYC guidelines)
Residence proof (as per RBI KYC guidelines)
Minimum Rs.250 to start the account
The account gets deactivated if the minimum amount of Rs.250 is not deposited.
However, it can be revived by paying a penalty fee of Rs.50.
If not revived interest as per savings account
This scheme can be transferred from post office to bank or from one authorized bank to another.
This is because there may be times when girl child may require to move due to study or other such situations.
