Sukanya Samriddhi Yojana (SSY)
सुकन्या समृद्धि योजना
Benefit Amount
Maturity amount depends on contribution + interest
Total Beneficiaries
3 Crore+ accounts
Launched
Jan 2015
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Overview
SSY is a part of the "Beti Bachao Beti Padhao" campaign. It is a savings scheme designed for parents to build a fund for the future education and marriage of their girl child.
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Key Benefits
- Higher interest rate compared to other savings schemes (currently 8.2%)
- Tax exemption under Section 80C
- Account can be opened with just ?250
- Partial withdrawal allowed for higher education
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Eligibility Criteria
- Account can be opened by a legal guardian for a girl child
- The girl child must be below 10 years of age
- Only one account per girl child
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Documents Required
- Birth Certificate of the girl child
- Identity and Address proof of the guardian
- Photographs
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How To Apply
- Visit any Post Office or authorized Commercial Bank
- Fill the SSY Account Opening Form
- Submit birth certificate and guardian documents
- Deposit the initial amount