The Sukanya Samriddhi Yojana SSY is a high-yield, government-backed small savings scheme launched under the Beti Bachao Beti Padhao campaign. Designed to secure the financial future of girl children in India, the Sukanya Samriddhi Yojana SSY allows parents or legal guardians to build a dedicated fund for a girl child’s higher education and marriage expenses.
Overview of Sukanya Samriddhi Yojana SSY
The primary purpose of the Sukanya Samriddhi Yojana SSY account is to offer attractive compounding interest rates combined with sovereign backing. Parents can open an account for a girl child from her birth up to the age of 10 years at any authorised post office branch or designated public and private commercial banks across India.
Important Information
Eligibility & Benefits
- Eligibility
- A girl child from birth until she reaches 10 years of age; the account is opened and operated by a parent or legal guardian.
- Benefits
- Minimum annual deposit of ₹250 and maximum of ₹1,50,000; interest rate is set by the government and revised quarterly; full EEE tax exemption; account matures when the girl turns 21.
- Required documents
- Girl child's birth certificate, identity and address proof of the parent/guardian, passport-size photograph.
How to Apply
- Application process
- Open the account in person at any India Post office or an authorised public/private sector bank branch with the required documents and the minimum opening deposit.
Official Source
Department of Economic Affairs, Ministry of Finance (accounts operated via India Post and authorised banks)
Visit Official Website / Apply
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Source: India Post — Sukanya Samriddhi Account Scheme
Last verified: 2026-09-06
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