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CentralWomen EmpowermentCentral Scheme
Sukanya Samriddhi Yojana
Managed by: Ministry of Finance (Department of Economic Affairs)
About the Scheme
SSY is a government-backed savings scheme for girl children offering one of the highest interest rates among small savings instruments with tax benefits.
Welfare Benefits & Assistance
- •High interest rate (currently ~8.2% p.a.)
- •Tax benefits under Section 80C
- •Maturity after 21 years or at girl's marriage after 18
- •Partial withdrawal at 50% for higher education after age 18
Eligibility Criteria
State ResidencyIndian citizen
Age LimitsGirl child below 10 years at account opening
Family Income CapNo income limit
Social Class / CategoryAll
Additional Prerequisites
- Maximum 2 accounts (one per girl child)
- Minimum deposit Rs. 250/year
Documents Required for Application
Tip: Keep scanned color copies of these documents ready before starting your application.
How to Apply (Step-by-Step Guide)
1
Open account through participating bank's net banking
1
Visit any post office or authorized bank with birth certificate and KYC
Who Should Apply?
- ✓Parents of girl children below 10 years
Who Should NOT Apply?
- ✗Parents with girl child above 10 years
Frequently Asked Questions (FAQs)
What is the current interest rate?
Approximately 8.2% per annum (revised quarterly by the government).
Related Welfare Schemes
PM Ujjwala Yojana
Who Can Apply:
BPL women without existing LPG connection
Key Benefits:
•Free LPG connection with first refill
•Security deposit waived
Updated: June 2026
Lakshmir Bhandar
Who Can Apply:
Women aged 25-60 who are the head of their household in West Bengal
Key Benefits:
•Monthly direct cash transfer of Rs. 1,000 to General category female heads of households
•Monthly direct cash transfer of Rs. 1,200 to SC/ST category female heads of households
Updated: July 2026
Annapurna Bhandar
Who Can Apply:
Women residents of West Bengal aged between 25 and 60 years
Key Benefits:
•Monthly financial assistance of Rs. 3,000 transferred directly to the beneficiary's Aadhaar-linked bank account
•Helps cover essential household needs like groceries, medicine, and children's education
Updated: July 2026
Widow Pension
Who Can Apply:
Destitute widows in WB with no income
Key Benefits:
•Monthly pension of Rs. 1,000 via DBT
Updated: June 2026
Scheme Details
State / CentralCentral Government
AuthorityDepartment of Economic Affairs
SubcategoryGirl Child Savings
Launch DateJanuary 2015
Target Beneficiarychildren, women
Official Helpline1800-266-6868