Sukanya Samriddhi Yojana (SSY)
This profile has been independently compiled from official gazette notifications and verified web domains. Source Authority Link: www.india.gov.in Authority: Ministry of Finance • State/Region: Central Scheme (All India) • Last Audited: 12 Nov 2026
Quick AI Summary
A long‑term savings scheme for the girl child offering a government‑backed interest rate and tax deduction under Section 80C.
Detailed Summary
Scheme Overview
The Sukanya Samriddhi Yojana (SSY) is a sovereign savings instrument introduced by the Government of India to promote financial security for the girl child. Accounts may be opened at any post office or authorized commercial bank. The scheme is administered by the Ministry of Finance, Department of Economic Affairs.
Operational Features
Deposits can be made periodically (minimum ₹250 per year) or as a lump sum, subject to a maximum balance of ₹1.5 million. The interest rate is declared quarterly by the Reserve Bank of India and is compounded annually. The account matures on the girl’s 21st birthday, or earlier in the event of marriage after the age of 18, with the entire corpus payable at maturity.
Regulatory Provisions
Contributions are eligible for deduction under Section 80C of the Income Tax Act, subject to the overall ₹1.5 lakh limit. Premature withdrawals are permitted only for higher education, marriage after 18, or in case of the account holder’s death, subject to penalties.
Key Benefits & Financial Assistance
| Comparison Criteria | Benefits |
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Eligibility Criteria Profile
| Comparison Criteria | Eligibility |
|---|---|
| Minimum Age Limit | 18 Years or above |
| Physical Disability | Not Restricted (Anyone can apply) |
| Domicile State | All India (Central Scheme) |
Application Process Guide
- Visit the nearest post office or authorized bank branch.
- Submit the guardian’s KYC documents (Aadhaar, PAN, address proof) and the girl’s birth certificate.
- Fill the SSY account opening form and specify the initial deposit (minimum ₹250).
- Obtain the account number and passbook.
- Subsequent deposits can be made at any branch or via online banking where available.
Common FAQs regarding this Yojana
Eligible permanent residents meeting the specified domicile, income, and category criteria can submit an application along with verified credentials.
Key mandatory documents include Aadhaar Card, Residence/Domicile Certificate, Income Certificate, and active Bank Account Passbook.
Benefits are directly credited to the beneficiary's Aadhaar-seeded bank account through the Public Financial Management System (PFMS) / DBT.
Applicants can track status in real-time by logging into the official portal using their Application Reference Number.