The right step to help her climb heights of success.

Opt for Sukanya Samriddhi Yojana and get multiple benefits.

  • Benefits
  • Features
  • Document
  • Most Important Terms and Conditions (MITC)
Features of Sukanya Samriddhi Yojana
  • Account holders can earn 7.6% interest 01.10.2021 –to- 31.12.2021 on their deposits.

  • Yearly interest credited in the account at the end of Financial Year.

  • Who can open the account?
    Parent of a girl child on behalf of the beneficiary can open the account any time after the birth of the girl child until she turns ten. At most, two account can be opened for up to 2 girl children each and three accounts in an exceptional case where girl children are born in the first or in the second order of birth or in both, on submission of an affidavit by the guardian supported with birth certificates of the twins/triplets regarding the birth of such multiple girl children in the first two orders of birth in a family. The beneficiary should be an Indian resident citizen.

  • Who can make the deposit?
    Legal guardians or parents of the beneficiary can make the deposit until the beneficiary turns 18.

  • When can the beneficiary operate the account?
    After she turns 18, she can operate the account.

  • How much is the minimum compulsory deposit to be made each year?
    The depositor must make a deposit of minimum Rs. 250 up to Rs. 1,50,000 every year until 15 years from the date of account opening.

  • What happens if account is not maintained?
    If deposit is not made each year, the account goes under default, which can be regularized by paying a small fine of Rs. 50 for each year of default along with the minimum annual deposit in respect of the defaulted years.

  • Does the beneficiary receive the amount on maturity? Yes, once the account matures, the beneficiary can collect the interest accrued along with the balance on providing the following documents:
      - SSA withdrawal application
      - Proof of identity
      - Proof of residence and citizenship
      - Proof of age

  • Is the account transferable?
    Yes. It can be transferred to any branch/Post Office within India, once the beneficiary provides proof of change of residence.
Document Required
  • Where can you open this account?
    Sukanya Samriddhi Yojana accounts can be opened with authorized commercial bank branches. These accounts can be opened, for example, at any of the Bank of Baroda’s branches. All you need to do is walk into a BOB branch with the following documents:
    Legal guardians or parents of the beneficiary can make the deposit until the beneficiary turns 18.
    1. Filled up Sukanya Samriddhi Registration Form
    2. Birth certificate of the girl child
    3. ID proof of the depositor
    4. Residential proof of the depositor
    5. Stamp sized photos
Terms & Conditions
  • A minimum of Rs 250/- is to be contributed in the SSY account every year

  • Premature closure is allowed under following conditions:
    1. On account of death of the account holder
    2. After having maintained the account payment for 5 years from opening of account in cases of extreme compassionate grounds such as medical support in life-threatening diseases of the account holder or death of the guardian, supported by complete documentation.
    3. After attaining the legal age of 18, if the girl child enters a wed lock, the account can be prematurely closed. The beneficiary will have to show related documents that girl will be not less than 18 years of age on the date of marriage.
    4. If the account holder becomes NRI during the currency of the account, the account shall be continued till maturity. However, the account shall be closed or deemed to be closed if the account holder ceases to be a citizen of India.
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