👧 SSY
Small deposit scheme exclusively for girl child to meet education and marriage expenses, under Beti Bachao Beti Padhao Campaign.
Overview
The Sukanya Samriddhi Yojana (SSY) is a small deposit scheme launched by the Government of India. It is designed exclusively for a girl child to secure her financial future. This scheme was introduced as a key part of the Beti Bachao Beti Padhao Campaign, which aims to address the declining child sex ratio and promote the education and participation of the girl child.
The primary objective of the scheme is to help parents or guardians meet the education and marriage expenses of their girl child, ensuring she has a financial safety net as she grows up.
Launch
The scheme was officially launched on 22nd January 2015. It represents a coordinated effort by the Government of India (GoI) involving three key ministries:
- Ministry of Women and Child Development
- Ministry of Human Resource Development
- Ministry of Health and Family Welfare
Opening of Account
A Sukanya Samriddhi Account can be opened at any post office or authorized bank branch. The following rules apply:
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Overview
The Sukanya Samriddhi Yojana (SSY) is a small deposit scheme launched by the Government of India. It is designed exclusively for a girl child to secure her financial future. This scheme was introduced as a key part of the Beti Bachao Beti Padhao Campaign, which aims to address the declining child sex ratio and promote the education and participation of the girl child.
The primary objective of the scheme is to help parents or guardians meet the education and marriage expenses of their girl child, ensuring she has a financial safety net as she grows up.
Launch
The scheme was officially launched on 22nd January 2015. It represents a coordinated effort by the Government of India (GoI) involving three key ministries:
- Ministry of Women and Child Development
- Ministry of Human Resource Development
- Ministry of Health and Family Welfare
Opening of Account
A Sukanya Samriddhi Account can be opened at any post office or authorized bank branch. The following rules apply:
| Rule | Details |
|---|---|
| Age Limit | The account can be opened anytime from the birth of the girl child until she attains 10 years of age. |
| Who Can Open | A Parent or legal Guardian can open the account on behalf of the girl child. |
| Accounts Per Child | Only one account is allowed per girl child. |
| Accounts Per Parent | A parent can open accounts for a maximum of two children. Exceptions are made for twins or triplets. |
| NRI Eligibility | Non-Resident Indians (NRIs) are not eligible to open an SSY account. |
Deposits
To keep the account active, certain deposit limits must be observed:
| Parameter | Amount |
|---|---|
| Minimum Investment | A minimum of ₹250 per annum is required to keep the account active. |
| Maximum Investment | You can deposit up to ₹1,50,000 per annum in a single financial year. Deposits above this limit earn no interest and will be refunded. |
| Default Penalty | If minimum deposit is missed, account becomes "default". Revive by paying ₹50 penalty per default year + minimum deposit amounts. |
| Deposit Period | Deposits can be made for 15 years from the date of opening the account. After this period, the account continues to earn interest until maturity but no further deposits are needed. |
Interest on Deposit
The SSY offers an attractive interest rate to encourage savings:
- Interest is compounded yearly, meaning you earn interest on your interest.
- The interest amount is credited to the account at the end of each financial year.
- For calculation purposes, the interest is computed monthly on the lowest balance in the account between the 10th and the last day of the month. It is advisable to deposit before the 10th to maximize returns.
- The interest rate is not fixed; it is revised quarterly by the Ministry of Finance. Current rate (for Q4 FY 2025-26, Jan-Mar 2026) is 8.2% p.a.
Tax Benefits
SSY falls under the EEE (Exempt-Exempt-Exempt) category, making it highly tax-efficient:
- Investment: Deposits qualify for tax deduction under Section 80C (up to ₹1.5 Lakh).
- Interest: The annual interest earned is tax-free.
- Maturity: The final maturity amount is also completely tax-free.
Maturity & Closure
The account has a long-term horizon to align with the child's major life events:
| Type | Details |
|---|---|
| Maturity Period | The account matures 21 years from the date of opening. |
| Early Closure | Early closure is allowed for the purpose of the girl's marriage, provided she has attained the age of 18 years. A declaration is required. |
| Marriage Closure Window | The closure request can be made from 1 month before the marriage date up to 3 months after the marriage. |
| On Death | In the unfortunate event of the death of the account holder, the account is closed immediately. The balance, along with accrued interest, is paid to the guardian. |
Partial Withdrawal
To support higher education needs, partial withdrawals are permitted:
- Withdrawal is allowed only after the account holder attains 18 years of age or passes the 10th standard, whichever is earlier.
- For higher education: You can withdraw up to 50% of the balance that was available at the end of the preceding financial year.
- For marriage: If the account holder is an adult (18+), 100% withdrawal (closure) is permitted for marriage expenses.
Key Points Summary
| Parameter | Details |
|---|---|
| Launch Date | 22nd January 2015 |
| Minimum Investment | ₹250 per annum |
| Maximum Investment | ₹1,50,000 per annum |
| Maturity Period | 21 years |
| Account Opening Limit | Girl child up to 10 years of age |
| Campaign | Beti Bachao Beti Padhao |
Summary Cheat Sheet
| Parameter | Details |
|---|---|
| Full Name | Sukanya Samriddhi Yojana |
| Launch Date | 22 January 2015 |
| Campaign | Beti Bachao Beti Padhao |
| Ministries Involved | WCD, HRD, Health & Family Welfare |
| Purpose | Education & Marriage expenses of girl child |
| Age Limit (Opening) | Birth to 10 years |
| Who Can Open | Parent or Legal Guardian |
| Accounts Per Child | 1 only |
| Accounts Per Parent | Max 2 children (exception: twins/triplets) |
| NRI Eligibility | Not Eligible |
| Minimum Deposit | ₹250 per annum |
| Maximum Deposit | ₹1,50,000 per annum |
| Deposit Period | 15 years from opening |
| Default Penalty | ₹50 per default year + arrears |
| Interest Rate | 8.2% p.a. (Q4 FY 2025-26) |
| Compounding | Yearly |
| Interest Calculation | Lowest balance between 10th and last day of month |
| Deposit Tip | Deposit before 10th of month |
| Tax Status | EEE (Exempt-Exempt-Exempt) |
| Section 80C | Investment qualifies (up to ₹1.5 Lakh) |
| Interest Tax | Tax-free |
| Maturity Tax | Tax-free |
| Maturity Period | 21 years from date of opening |
| Early Closure | For marriage, if girl is 18+ years |
| Marriage Window | 1 month before to 3 months after marriage |
| On Death | Immediate closure, balance to guardian |
| Partial Withdrawal (Education) | 50% of preceding year balance, after 18 years or 10th standard |
| Partial Withdrawal (Marriage) | 100% (full closure), if 18+ years |
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