Government scheme · Parents of a girl child
Sukanya Samriddhi Yojana (SSY)
Sukanya Samriddhi Yojana is a government savings scheme for a girl child, under the Beti Bachao Beti Padhao campaign. Interest is set every quarter and is tax-free.
Visit official websiteWho can apply
- A girl child below 10 years of age, through a parent or legal guardian
- Up to two accounts per family (more in the case of twins or triplets)
Key features
- Deposit ₹250 to ₹1.5 lakh in a financial year
- Deposits for 15 years; the account matures 21 years after opening
- Partial withdrawal for higher education after the girl turns 18
- Deposits qualify for Section 80C under the old tax regime; interest and maturity are tax-free
How to apply
- Open an account at a post office or an authorised bank with the girl’s birth certificate and the guardian’s KYC
Not sure where to save?
Ask Bachatt Saathi how this scheme compares with Insta Fund, mutual funds or Gold & Silver funds for your goal.
Frequently asked questions
What happens if I miss a yearly deposit?+
The account becomes irregular. You can revive it by paying the minimum deposit for each missed year plus a small penalty.
More government savings schemes
See all government savings schemesThis page is for information only. Bachatt is not affiliated with this scheme; the scheme name belongs to the Government of India and its agencies. Limits, rates and eligibility change from time to time — always check the official website before you apply.