Sukanya Samriddhi Yojana
SSY
About the Scheme
Small savings scheme for girl child with highest government-backed interest rate, currently 8.2% per annum
Benefits
Tax-free interest under Section 80C, partial withdrawal for higher education after Class 10, account matures after 21 years or marriage after 18
Eligibility Criteria
Girl child below 10 years of age, maximum 2 accounts per family, minimum Rs 250 and maximum Rs 1.5 lakh per year
Documents Required
Birth certificate of girl child, parent/guardian Aadhaar, passport size photo, address proof
Step-by-Step Application Process
Frequently Asked Questions
What is the minimum and maximum deposit?
Minimum Rs 250 per year, maximum Rs 1.5 lakh per year
What happens if I miss annual deposit?
Account becomes inactive; can be revived by paying Rs 50 penalty per year of default along with minimum deposit
Can I withdraw before maturity?
Partial withdrawal up to 50% for higher education after account holder passes Class 10