Sukanya Samriddhi Yojana Eligiblity, Benefit & Account Opening Process

Sukanya Samriddhi Yojana which in short called SSY is a Government scheme to provide financial freedom to Parent for their Girl Child. This scheme is designed with the Specific Aim to help the parent to Provide Quality education to their Daughter and Give financial support to them on her marriage.

This is a 21-year plan where the Parent will deposit money into the Sukanya Samriddhi Yojana Account till the 15th year. After the 15th year, they do not need to deposit any money in that account. The Government will provide the interest rate along with other Benefits to supports the parents. This kind of account Gives one of the highest interest rates available and Its change significantly from last year when Government increased the Intrest rate from 8.1% to 8.5%.

Sukanya Samriddhi Yojana

So the question comes into mind that What are the eligibility criteria for This Scheme, How to open the Sukanya Samriddhi Yojana Account, and what are the Benefits of this Scheme.

Suggested: Sukanya samriddhi Calculator App

In this post, I’ll try to answer all of those questions.

But first, start with the Basic thing first.

What is Sukanya Samriddhi Yojana?

This Government Yojana is more of a financial scheme that aims to provide a Bright future for your Girl child. Whether you want to Collect money for her marriage or her Higher Education this Scheme empowers you to gain Financial freedom for that.

It does not help you to deposit and save money for her Future upon participating in this Yojana You will be also eligible for the Tax benefit under section 80C.

The interest rate is much higher than the normal saving account interest rate or the Fixe deposit interest rate. This investment option is far easier to manage as compared to the others. There is also an option for premature withdrawal of Funds.

The user can deposit anywhere between 250 rs to 1.5 lakh rs per year. However, you can break down the Deposit even more facilitating a deposit of just 100 rs per month.

If you are interested Here is the Eligibility for Account opening.

Eligibility for Sukanya Samriddhi Yojana Account

Here are the few but major eligibility Criteria for opening a Sukanya Samriddhi Yojana Account –

  • The only parent or in case if you are Legal Guardian of the girl child is eligible to open the Account. Furthermore, the account will be open on the Name of Girl and given to her in the 21st year.
  • The Age of a kid should be less than 10 years to open the Account. If she is more than 10 years old then this account can not be opened.
  • A single girl can not have more than one Sukanya Samriddhi Yojana Account. Parents can also open the account only 2 times for their Children. This Account can’t be opened for more than 2 Kids of the same family.
  • This Account will be Operational only until the girl reaches the Age of 21, After that money can be withdrawn.
  • This Scheme only Applicable only if the Girl Child has is Indian Citizenship.

Suggested Reading: Sukanya Samriddhi yojana post Office

How to Open Sukanya samriddhi Account

If you are interested in this Scheme and Looking for the Way to know Sukanya Samriddhi Yojana How to Sukanya Samriddhi Yojana apply online or How to How to Sukanya Samriddhi Yojana Account open online then you have to Follow the Process that I am going to explain below.

Download sukanya samriddhi yojana form.

You can get this Form in the bank too. However, If you wish to wish the Process you can also Download sukanya samriddhi yojana form from Here. Download, Print and Fill up this form.

Submit the Form

You need to Submit this Form to post office, Bank or Institution where you want to Open this Account. This is a Government scheme however you can Open this Account on Your nearest or Bank of your Choice. This kind of also opened on the Post office. For the account opening process, you need the Birth Certificate and a few other documents for the verification.

Get the Passbook

Once the Sukanya Samriddhi Yojana, You will get the passbook. This Passbook is used to check the Ammount credit along with the interest rate.

Deposit Money online

After activating the Account online, you won’t even need to Go to Bank for deposit money. You can deposit money in this Account Online if you facilitate Internet baking. Money can be easily transferred. You can also check the account online as well.

Documents required for Sukanya Samriddhi Yojana

There is not a very high Document required for SSY Yojana. First of All, you need is the Birth certificate of the Children who’s account who are Going to create. Its absolute Requirement. You need Identity proofs, Address proof too.

Here is all of the Required Document which is Accepted –

  • Birth Certificate – If you are Opting in for this Yojana the first thing you need is the Birth certificate of the Girl child. If you do not have the Birth certificate you can get this from the Government office such as Collectorate.
  • ID Proof – Aadhar card is not easily obtainable. You need the ID proof like Aadhar Card, Voter Id Card or Driving License. Any of the mentioned Document is Accepted.
  • Address Proof – Address proof is required for the Account, Just like previously, you can use Aadhaar Card, Voter ID card, Electricity bill, Driving Licence as Address proof.

* The ID Card and Address proof must be of the Parents or the Legal Guardian. Extra documents may be Required by the Bank.

Suggested: Sukanya Samriddhi Yojana HDFC

Sukanya Samriddhi Yojana Official Website

This scheme is part of the Government Campaign Beti Bachao Beti padao. There is no official Site of it but you will get more information about this Scheme from the Government Sites like or Your own Bank/Financial institution site.

Also if you have any questions regarding this Scheme you can Mention here in the Comment section as well.

Sarvin Batra is the Main Author, Editor at CnbDaily. He is an Expert in Tech especially Related to mobile phones, Android applications and Their uses. You can Connect with him on His Twitter Profile @SarvinBatra