Women, Children & Senior Citizens
Sukanya Samriddhi Yojana (SSY)
A government-backed savings scheme for girl children offering a high interest rate of 8.2% and massive tax benefits under Section 80C.
Last Updated: 22 January 2015
Overview (Iske Baare Mein)
The Sukanya Samriddhi Yojana (SSY) is a flagship scheme under the 'Beti Bachao Beti Padhao' campaign. It is designed to encourage parents to build a fund for the future education and marriage expenses of their female child. It currently offers one of the highest tax-free interest rates (8.2% per annum) among all small savings schemes. Deposits can be made up to ₹1.5 lakh per year, which is fully exempt from tax under Section 80C.
Who is Eligible? (Kaun Apply Kar Sakta Hai?)
- Girl child must be below 10 years of age.
- Only one account can be opened per girl child.
- A family can open a maximum of two accounts (one for each girl child).
Documents Required (Zaroori Dastavez)
- Birth Certificate of the girl child
- Identity proof of parent/guardian (Aadhaar, PAN)
- Address proof of parent/guardian
How to Apply (Form Kaise Bhare)
- 1Visit any participating commercial bank or the nearest post office.
- 2Collect and fill out the Sukanya Samriddhi Account (SSA-1) form.
- 3Attach the birth certificate of the girl child and your KYC documents.
- 4Make the initial deposit (minimum ₹250).
- 5Collect the SSY passbook once the account is opened.