CENTRALOTHER

Sukanya Samriddhi Yojana

🏛️ Ministry of Finance (National Savings Institute)

💸 Direct Scheme Benefits

Fixed-interest savings account with Section 80C tax benefit; rate notified quarterly.

About the Scheme

Sukanya Samriddhi Yojana is a small savings scheme under the Beti Bachao Beti Padhao initiative. A guardian may open an account for a girl child before she turns 10, at any post office or authorised bank. Deposits are made for 15 years and the account matures 21 years from opening. Partial withdrawal is permitted for higher education after the girl turns 18. The interest rate is notified quarterly by the Ministry of Finance and deposits qualify for deduction under Section 80C. 🔗 Official Resources: • National Savings Institute: https://www.nsiindia.gov.in

📄 Documents Required

✓
Birth CertificateOfficial date of birth proof
✓
Signed Passport PhotosTwo sets of passport-sized photographs signed on the back
✓
Aadhaar CardUnique identification document

🚀 How to Apply

Step 1:Visit a Post Office or Bank

Approach any post office or authorised bank branch offering the Sukanya Samriddhi account.

Step 2:Submit the Account Opening Form

Fill Form SSA-1 and attach the girl child’s birth certificate along with the guardian’s identity and address proof.

Step 3:Make the Initial Deposit

Deposit the minimum opening amount. Further deposits may be made in instalments up to the annual ceiling.

Step 4:Maintain the Account

Deposit at least the minimum amount each financial year for 15 years to keep the account active until maturity.

🙋 Frequently Asked Questions (FAQs)

Until what age can the account be opened?

Before the girl child turns 10 years old.

When does the account mature?

21 years from the date of opening. Partial withdrawal for higher education is allowed after the girl turns 18.