Sukanya Samriddhi Yojana – Plan For The Financial Security Of Your Girl Child

Sukanya Samriddhi Yojana is a small deposit scheme for the girl child, launched as a part of the ‘Beti Bachao Beti Padhao‘ campaign. A government-sponsored small savings program designed to help parents secure their girl’s future by opening a savings account in a private or public bank or post office in the girl’s name.

In this article, we will provide you with complete information about Sukanya Samriddhi Scheme Details. Kindly look through it for Sukanya Samriddhi Yojana Details, Benefits & Feature, Current Progress, News Update, Eligibility Check, Documents Required, Registration, Sign up Log in, Online Form, How to Apply, Beneficiary List, Status Check.

Sukanya Samriddhi Yojana

The Sukanya Samriddhi Yojana was launched by Hon’ble Prime Minister Narendra Modi on 22 January 2015 in Panipat, Haryana. The Sukanya Samriddhi Scheme has been launched by the Central government as part of the Beti Bachao, Beti Padhao campaign. The accounts can be opened at any Indian Post office or a branch of some authorized commercial banks.

Indian parents of girls can open a Sukanya Samriddhi Yojana account (savings account for girls) and receive fixed interest on the amount invested. The SSY program is aimed at parents of girls and encourages parents to raise funds for their children’s future education and marriage costs.

सरकार ने ‘बेटी बचाओ, बेटी पढ़ाओ’ मुहिम के हिस्‍से के तौर पर शुरू किया सुकन्या समृद्धि योजना। सरकार ने छोटी बचत को प्रोत्साहन देने के लिए बालिकाओं की विशेष जमा योजना ‘सुकन्या समृद्धि खाता’ का शुभारंभ किया। इस योजना के अंतर्गत बेटी के माता पिता द्वारा बेटी के लिए बचत खाता किसी भी राष्ट्रीय बैंक में या फिर पोस्ट ऑफिस में खोला जाएगा। इस खाते को खोलने के लिए न्यूनतम राशि ₹250 है तथा अधिकतम राशि 1.5 लाख रुपए है। 

Sukanya Samriddhi Scheme Benefits & Feature

The Sukanya Samriddhi Scheme focuses on ensuring a good future life for the girl child. The Sukanya Samriddhi Scheme helps the parents to build a fund for good education and marriage expenses for their girls.

• An account can be opened in the name of a girl child.
• A minimum of Rs. 250/- will have to be deposited in the account initially. The maximum deposit limit is Rs. 150,000/-. If a minimum of Rs. 250/- is not deposited in a year, a fine of Rs. 50/- will be levied.
• The minimum amount to open an account in Sukanya Samridhhi Yojana can be deposited by cheque, online transfer, or on-demand in cash, by cheque, or at the bank transfer.
• The account remains valid for 21 years, from the date of opening the account until the girl is married or when she turns 18 years old.
• The account holder can withdraw up to 50% of the accumulated amount before the age of 18 in order to receive higher education.
• In the case of a registered girl who dies, only her parents or legal guardians are entitled to claim the final amount in the account with accrued interest. In exchange, the balance can be withdrawn until the age of the girl 21 or the marriage time whichever is earlier.
• Interest earned in the account is free from Income Tax under section 80C of the IT Act, 1961.
• The Government-backed savings scheme, aimed at parents of girls, will see an interest rate of 7.6 percent and a tax benefit of a quarter from April 3 to July 2021.
• You can use the Sukanya Samriddhi Yojana calculator to calculate the due date by entering details such as the estimated investment amount, the age of the girl in the account, and the year of the start of the account.
• The account can be transferred anywhere in India.

Sukanya Samriddhi Yojana Key Highlights

• The beneficiary of the Sukanya Samridhhi Yojana must be a girl living in India at the time of opening the account and until the account is due or closed.
• Only one account can be opened in the name of a girl child.
• Only biological parents or legal guardians of a girl child can open the account on the child’s behalf.
• The account can be opened in Post Offices and authorized Banks.
• The account can be opened anytime between the birth of a girl child and the time she attains 10 years of age by the parent/guardian.
• Only one account is allowed per child. Parents can open a maximum of two accounts for each of their children (exception allowed for twins and triplets).
• The minimum amount required to open an account under the SSY program is Rs. 250/- and a Maximum deposit of Rs. 1.5 Lakh in a financial year.
• The account can be prematurely closed in case of the marriage of a girl child after she is 18 years old.
• The SSY account can be transferred anywhere in India from one Post office/Bank to another.
• The account shall mature on the completion of 21 years from the date of opening of the account.

Sukanya Samriddhi Yojana Documents Required

• SSY Account Opening form.
• Birth Certificate of the girl child, having the child’s name on it.
• Photograph of the parent/ legal guardian of the girl child.
• Identity proof of parents/legal guardian.
• Address proof of parents/legal guardian.
• In the case of birth multiple girl children in a single order of birth, medical certificate for proof on the same.
• Any other document requested by the bank or post office.

Sukanya Samriddhi Scheme Interest Rate

Since Inception