How to open Sukanya Samriddhi Yojana Account?

Do you have girl’s child? Do you want to open Sukanya Samriddhi Yojana account & looking for account opening form? Do you want to know the process before visiting the bank for the account opening? If you are looking answer to all these questions, then don’t worry, we are here to help you.

SSY Account Opening Form


FAQ on the Sukanya Samriddhi Yojana Account

1. What is Sukanya Samriddhi Yojana?

2. Who is eligible to open the account?

3. How can a person open an SSY account?

4. How is this scheme helping the parents of a girl child?

5. What are the documents required to open this account?

6. What is the interest rate and what are the banks providing this service?

7. How to get the Sukanya Samriddhi Yojana account opening form?

What is Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana abbreviated by SSA is a scheme initiated by the Indian Government. This scheme was introduced by the Ministry of Finance and it was launched by Honourable prime minister Narendra Modi. By this program, The Indian government promoting the prosperity of girl child and this scheme was the part of “Beti Bachao, Beti Padhao” scheme. The main objective of this program is to encourage the parents to create a fund to enable them to fulfill the long terms goals & desires like higher education and marriage.

Sukanya Samriddhi Yojana Account

Sukanya Samriddhi is one of the best schemes provided by the government to promote the birth of the girl’s child. Earlier, parents used to consider them burden because they feel that, they need to spend a cost for the nurturing, education, marriage, etc. of the girl child and they will get nothing in return.

To demolish such kinds of mentality and promote gender equality, the government came forward & launched Sukanya Samriddhi Yojana. It is praiseworthy that the government is taking essential steps to change the outlook of the person towards the girl child.

Who can open the SSY Account?

The parents of the girl’s child can open this account in the name of the girl’s child from the birth of girl child till she attains the age of 10 years. The parents are allowed to open a maximum of two accounts if they have two girl’s children. In the case of more than two girl’s child, a parent can open only two accounts only. One can open a third account in the name of a girl child in a scenario of birth of twin girls, like a second birth, or if the first birth itself results into three girl children.  In the absence of parents, the legal guardian of the girl child can open the account in the name of a girl child.

Where can we go to open the account?

You can visit your nearby post office or designated branches of public & private bank to open this account.

Here is the list of public & private banks participating in the opening of this account.

What are the documents required to open SSY Account?

Apart from the application form, you need below-mentioned documents to open the account:

1. Birth Certificate of the girl child

2. Id proof of the parent

3. Address proof of the parent

4. Photograph of the parent (One)

5. Photograph of the Girl Child (One)

Do you want to download the Sukanya Samriddhi Yojana Account opening form? Click here.

What are the eligibility criteria to open Sukanya Samriddhi Yojana Account?

The following are the key eligibility criteria to open Sukanya Samriddhi Yojana Account.

1. This account must be opened in the name of the girl’s child only. Parents or the legal guardian of the girl’s child can open this account any time since birth till she attains the age of 10.

2. Multiple accounts are not allowed for a single child, it means only one account allowed per girl’s child.

3. Maximum two accounts are allowed per family.

What are the features of Sukanya Samriddhi Yojana Account?

Government has launched this program under the scheme of “Beti Bachao, Beti Padhao” and hence providing several benefits to encourage the parents for the opening of this account. Following are the benefits of this account.

1. It provides a very rate of interest as the government fixes the rate of interest of this account and they review the interest rate every quarter. The rate of interest provided by this scheme is highest among all the guaranteed saving schemes.

2. This scheme also provides tax benefits. A parent can deposit a maximum up to 1.5 lakh per year to get the tax benefit under the section of 80C. The maturity amount is also exempt from the taxes.

3. It is easy for the parents to transfer the account from one state to another in case of job transfer of parents or any other reason.

4. The tenure of this scheme is 21 years for the withdrawal hence you will get the benefit of compound interest.

5. Flexible payment options like cash, cheque, DD, & net banking is available for the hassle-free operation of this account.

6. There is no limit to the number of deposits either in a month or in a financial year.

What is the T&C of Sukanya Samriddhi Yojana Account?

The following are the term & conditions to open & maintaining the account.

Sukanya Samriddhi Yojana Account

Answer to your queries on Sukanya Samriddhi Yojana Account

Several questions come to our mind when we go to open this account. The frequent ask questions on this topic are as follows:

Who is eligible to open the account?

If you are a parent or a legal guardian of a girl child aged less than 10 years.

How many accounts can you open?

Each account for up to two girl children can be opened. Three, in case of twins being born the second time.

How much can you deposit?

You can deposit a minimum of Rs. 250 up to Rs. 1.5 lakh in a financial year.

What is the tenure of the deposit?

21 years from the date you open the account.

What is the rate of interest on Sukanya Samriddhi Yojana deposits?

The interest rate is fixed by the government and reviewed every quarter & currently interest rate for is 8.5%.

Final Words

Sukanya Samriddhi Yojana Scheme is a great program initiated by the Indian government for empowering the girl child. It helps the parents to save money for them to meet the desirable futuristic long terms goals related to girls such as higher education and marriage. The best thing in this scheme is that anyone can afford this scheme and the rate of interest offered by this scheme is best among all the schemes offered in the market. So, don’t miss out on this lucrative scheme, and give your girl child the best future she deserves, as a woman plays a key role in shaping the future of the society and the country.


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