Sukanya Samriddhi Yojana - Best Savings Scheme for Girl Child
Detailed guide on Sukanya Samriddhi Yojana offering 8.2% interest rate, tax benefits, and secure savings for your daughter's education and marriage.
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched under the Beti Bachao Beti Padhao campaign. It offers one of the highest interest rates among small savings schemes with tax benefits under Section 80C.
Interest Rate
Current interest rate: 8.2% per annum (compounded annually). This is reviewed and updated every quarter by the Ministry of Finance.
Eligibility Criteria
Parents or legal guardians of a girl child below 10 years of age. Maximum 2 accounts allowed (one per girl child).
Benefits
8.2% annual interest rate. Tax deduction under Section 80C. Interest and maturity amount are tax-free. Minimum deposit Rs 250 per year.
Documents Required
Birth Certificate of girl child, Identity proof of parent/guardian, Address proof, Passport-size photographs
How to Apply
1. Visit nearest post office or authorized bank 2. Fill SSY account opening form 3. Submit birth certificate and identity documents 4. Deposit minimum Rs 250 5. Receive passbook
Official Links
https://www.india.gov.in/sukanya-samriddhi-yojnaFrequently Asked Questions
Who is eligible for Sukanya Samriddhi Yojana?
Parents or legal guardians of a girl child below 10 years of age. Maximum 2 accounts allowed (one per girl child).
What documents are required?
Birth Certificate of girl child, Identity proof of parent/guardian, Address proof, Passport-size photographs
How to apply?
1. Visit nearest post office or authorized bank 2. Fill SSY account opening form 3. Submit birth certificate and identity documents 4. Deposit minimum Rs 250 5. Receive passbook