Sukanya Samriddhi Account: Know About Scheme & Apply Online

Sukanya Samriddhi Account

For a girl child under 10 years, an SSY or Sukanya Samriddhi Account can be opened, and it will mature upon her attaining the age of 21 years.

What is Sukanya Samriddhi Yojana?

Sukanya Yojana is a savings scheme introduced as part of the ‘Beti Bachao, Beti Padhao’ government initiative and launched in 2015. This Scheme allows parents to legally open a savings account in the name of their girl child with a commercial branch approved by a bank or India Post. 

The scheme is available across India through various authorized commercial banks and post offices.

 

Eligibility Criteria

• A girl child's parent or legal guardian must open the account in her name.

• The girl child should be an Indian resident.

• The girl child must be younger than ten years old when the account is opened.

• One account is allowed in the name of one girl child.

To calculate the maturity value from this scheme, use our Sukanya Samriddhi Yojana calculator.

 

Features

 

Sukanya Samriddhi Yojana Interest Rate (2025)

8.2% per annum compounded yearly will be the interest rate for the April-June 2025 quarter. This makes SSY one of the highest-yielding small savings schemes available in India.

 

 

Advantages of the Scheme

1. High Return

SSY gives more returns than ordinary bank fixed deposits or PPF.

2. TaxFree Return

This scheme enjoys EEE (Exempt Exempt Exempt) tax ops, meaning the investments are tax-free, as are the interest accrued and maturity amount.

3. Secure & NoRisk

Being backed by the Government of India, it is a safe and low-risk savings scheme.

4. Empowering the Girl Child

This scheme was introduced to help families create a fund for girls towards an education and, in turn, empower girls through education and skills acquisition towards their financial independence.

 

Documents Required

• Birth certificate of the girl child

• ID Proof of parent/guardian (Aadhaar, PAN, Voter ID)

• Address Proof of parent/guardian 

• Photos of the child and the parent.

 

How to Open a Sukanya Samriddhi Account Online?

Currently, the SSY account can not be opened entirely online, but some of the processes are done partially online through internet banking and mobile apps for banks like SBI, HDFC, ICICI, Axis, and PNB.

Stepwise Online Process:

• Log in to your account via Net Banking.

• Search for the 'Government Schemes' or 'Small Savings Schemes' section.

• Select Sukanya Samriddhi Account.

• Type in details such as Name, DOB, Aadhaar, etc.

• Upload all scanned documents.

• Submit the application.

• You will have to visit your bank branch for KYC and verification.

Note: In some cases, banks may require you to complete the whole process offline.

 

 

How to Open a Sukanya Samriddhi Account Offline?

An SSY account can be opened at any post office/bank branch. Below is the detailed offline process to open an account:

Offline Process:

• Visit a nearby post office or authorized bank.

• Fill in the SSY application form.

• Attach the documents mentioned above.

• Deposit at least the initial amount of Rs. 250.

• You will get a passbook as proof of opening the account. 
  
  

Conclusion

The Sukanya Samriddhi Yojana is a step towards the financial empowerment of women. It has very good interest rates, tax benefits, and government guarantees. It is an excellent way for parents to plan their daughter’s future. The earlier one starts investing and the more regularly, the more benefits one will get.

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• Explore PM Suryoday Yojna.
  
• Ayushman Bharat Yojana.

Disclaimer: No buy or sell recommendation is given. No investment or trading advice is given. Discuss with an eligible financial advisor before making financial decisions.