Sukanya Samriddhi Yojana 2025: Key Features, Eligibility & How to Apply

An Indian government-backed savings program called Sukanya Samriddhi Yojana (SSY). The goal of this project is to make the lives of girl children better. As part of the Beti Bachao Beti Padhao campaign, this project tells parents to set aside money for college and weddings. 

Key Features

SSY offers a good 8.2% compounded yearly interest rate. The government adjusts this rate quarterly, yet it remains one of the top government savings systems.

The scheme is EEE (Exempt-Exempt-Exempt); therefore, contributions, interest, and maturity proceeds are tax-free. Income tax deductions for deposits are also available under Section 80C.

Minimum deposit is Rs. 250, additional deposits in Rs. 50 multiples. The maximum annual deposit is Rs. 1.5 lakh.

The account matures 21 years after opening or when the girl child turns 21. Deposits are allowed for 15 years after account establishment.

For higher education or marriage, the girl can withdraw up to 50% of the amount at the end of the previous financial year after turning 18.

Authorised banks and post offices in India can transfer the account.

Only allowed on account holder death or government-approved compassionate causes.

Standards for Eligibility

Here are more details:

• Age Limit: Account must be opened for a girl under 10.
• One family can open accounts for two girl children. Twins or triplets might have three accounts with medical verification.
• Indian citizenship is required for both the guardian and the girl kid.
• Guardian: Natural or legal guardians can open accounts.
• Indian non-residents cannot open SSY accounts.

Application for Sukanya Samriddhi Yojana

SSY accounts can be opened at any authorised bank or post office countrywide.

Required Documents

Girl child birth certificate, guardian identity and address evidence (Aadhaar card or passport), recent passport-sized photos, PAN card (if needed), and nomination form.

How to Apply

The guardian administers the account until the girl becomes 18, then she may:

• Fill out SSY account opening form.

• Send required documentation and photos.

• Deposit at least Rs. 250.

• Standing orders for regular deposits are optional.

• Receive the passbook or account info for future transactions.

• Cash, cheque, or demand draft deposits are accepted.

Sukanya Samriddhi Yojana is a significant financial tool for Indian girl children. SSY promotes disciplined savings for school and marriage with its high interest rate, tax benefits, and flexible withdrawal alternatives. To maximise SSY benefits, parents and guardians should register an account before the girl reaches 10. SSY continues to empower millions of girls nationwide via financial security and independence in 2025.