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CentralWomenCentral 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 online application.

How to Apply (Step-by-Step Guide)

1

Open account through participating bank's net banking

Who Should Apply?

  • Parents of girl children below 10 years

Who Should NOT Apply?

  • Parents with girl child above 10 years

Common Rejection Reasons

  • Girl child above 10 years
  • Third account attempt (max 2 per family)

Recent Updates & Changes

    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

    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

    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

    Widow Pension

    Who Can Apply

    Destitute widows in WB with no income

    Key Benefits
    • Monthly pension of Rs. 1,000 via DBT

    Scheme Details

    State / CentralCentral Government
    AuthorityDepartment of Economic Affairs
    SubcategoryGirl Child Savings
    Launch DateJanuary 2015
    Target Beneficiarychildren, women
    Official Helpline1800-266-6868