Sukanya Samriddhi Scheme – Eligibility, Features, Tax Benefits and all you need to know

Sukanya Samriddhi Scheme

Sukanya Samriddhi Yojana (SSY)
is a government-backed small savings scheme designed to provide financial security for the girl child. The scheme was launched in January 2015 as part of the Beti Bachao,


  • The account can be opened by the parents or legal guardian of a girl child who is below the age of 10 years.
  • Only one account can be opened in the name of a girl child. Click here to Check Your Eligibility.
  • The account can be opened at any post office or authorised bank in India.


  • The account matures after 21 years from the date of opening of the account.
  • The minimum deposit per year is ₹250.
  • The maximum deposit per year is ₹1.5 lakh.
  • The interest rate is fixed at 8% per annum.
  • The interest earned is tax-free under Section 80C of the Income Tax Act, 1961.
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  • Withdrawals can be made for the following purposes:
    • Higher education of the girl child
    • Marriage of the girl child after she attains the age of 18 years
  • A maximum of 50% of the balance in the account can be withdrawn for any of the above purposes.

Tax benefits

  • The amount deposited in the SSY account is eligible for a deduction under Section 80C of the Income Tax Act, 1961.
  • The interest earned on the SSY account is tax-free under Section 80C of the Income Tax Act, 1961.


The Sukanya Samriddhi Yojana is a good option for parents who want to save for the future of their girl child. The scheme offers a high interest rate, tax benefits, and the security of a government-backed investment.

ranjita shalgar
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