Sukanya Samriddhi Yojana


Sukanya Samriddhi Yojana

The scheme Sukanya Samriddhi Yojana was launched by Prime Minister Narendra modi on 22 January 2015 as a part of the Beti Bachao, Beti Padhao campaign. The scheme provides an interest rate and tax benefits. The account can be opened at any India Post office or branch of authorised commercial banks

Benefit under section 80C of Income Tax Act 1961

Investments in Sukanya Samriddhi Savings Account is eligible for Income Tax deduction under section 80C of Income Tax Act 1961.

The Tax benefits on Sukanya Samriddhi account can be availed based on the deposited amount. Sukanya Samriddhi account can be opened by making a minimum deposit of Rs. 250 and maximum deposit of Rs. 150000.

Deduction under section 80C of Income Tax Act 1961can be claimed upto Rs 150000.

The amount received as maturity benefits from Sukanya Samriddhi account is free from income tax.

Points to Ponder

  • The Sukanya Samriddhi Savings account can be opened by parents or legal guardian on behalf of their girl children.
  • The maximum age of a girl child needs to be 10 years for opening this account.
  • The account can be opened by downloading the common SSA (Sukanya Samriddhi Account) account opening form released by the Reserve Bank of India or collecting the account opening form available in banks or post offices.
  • The filled application form should be followed by your KYC documents, proof of birth of your girl child, photo ID (both you and your child) and 2 photographs of your girl child.
  • The duration of a Sukanya Samriddhi Account is 21 years.
  • The account allows premature withdrawal when a girl child completes 18 years.
  • The account has a lock-in period of 8 years, excluding the entry age which is 10 years.


The criteria for minimum annual deposit for the Sukanya Samriddhi Yojana account has been revised to Rs.250 from the earlier amount of Rs.1000.


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