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Schemes / Government of India

Sukanya Samriddhi Yojana (SSY)

Central schemeGirl child

A government-backed small savings account for a girl child, with a government-notified interest rate and tax benefits.

What you get

Interest set by the government each quarter (typically among the highest of small savings schemes) and tax benefits. Deposits from ₹250 up to ₹1.5 lakh per financial year, payable for 15 years. The account matures 21 years from opening, and partial withdrawal is allowed for education after the girl turns 18.

Who can apply

  • A girl child below 10 years of age; the account is opened by a parent or legal guardian
  • Up to two accounts per family (more in case of twins/triplets)

How to apply

  1. Visit a post office or an authorised bank branch
  2. Submit the SSY account opening form with the girl's birth certificate and guardian KYC
  3. Deposit the first amount (minimum ₹250)

Documents usually needed

  • Girl's birth certificate
  • Guardian's Aadhaar and PAN
  • Photographs
Official scheme page ↗Ask about my eligibility

Nodal authority: Department of Economic Affairs. Amounts and rules change — the official page is the final word.