Sukanya Samridhi Account

What's in store for you

SSY Interest Calculator

Plan for your daughter's future with ease.

₹
₹ 250₹ 1,50,000
Interest rate (in %)
%
Deposit period (Years)
Maturity period (Years)

View Interest From SSY

Maturity value

₹39,44,599

Total deposited amount

₹ 22,50,000

Total interest

₹ 16,94,599

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The savings mentioned are estimates and actual savings may vary based on the individual spending pattern.

Amortisation Schedule

Period Amount Deposited (₹) Interest Earned (₹) Year End Balance (₹)

Wondering if you are eligible?

  • SSY account can be opened by the natural or legal guardian for a girl child having age below 10 years for resident individuals only .
  • A depositor can open and operate only one account in the name of a girl child under the scheme rules across Banks/Post office.
  • A guardian can open the account for up to two girl children only.
  • Natural or legal guardian of a girl child are allowed to open the account for two girl children only (Upto two girl children or three in case of twin girls as second birth or the first birth itself results in three girl children).
  • Non-resident Indians (NRIs) are not eligible to open an account under Sukanya Samriddhi Yojana Scheme
  • However, a resident who becomes an NRI during the 15 years tenure prescribed under Sukanya Samriddhi Yojana Scheme may continue to do subscription payment until its maturity on a non-repatriation basis
  • Incase of change of Nationality/Citizenship of the account holders, SSY account shall be closed
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Know more about this account

Exclusive Benefits

  • 8.2% ROI compounded annually, fully exempt from tax under Section 80C.

  • Income tax benefit u/s 80 C with tax-free maturity.

  • Flexible deposit between ₹250 to ₹1.5 lakh in a financial year.

  • Deposits can be made up to 15 years from the account opening date.

  • The account will mature 21 years after its opening date.

  • Government-backed savings scheme with 100% safety for the benefit of girl child.

  • Customer can transfer existing SSY account from other bank / post office to HDFC Bank.

  • Passbook will be issued to customers.
     

Validity

Withdrawal facility

  • To meet the financial requirement for the purpose of higher education of the girl child, partial withdrawal facility can be availed once child attains 18 years of age.
  • Withdrawal up to maximum 50% of the amount in the account at the end of the financial year preceding the year of application for withdrawal, shall be allowed for the purpose of education of the account holder. 
  • Only one withdrawal is allowed in a financial year. 

 

Fees & Renewal

Documents required to open SSY

  • Aadhaar 
  • Passport [not expired]
  • Permanent Driving license [not expired]
  • Election /Smart Election Card/ Voter’s card issued by Election Commission of India
  • Job card issued by NREGA duly signed by an officer of the State Government
  • Letter issued by the National Population Register containing details of name & address.
  •  PAN is mandatory 

Additional Documents

  • SSY Account Opening Form

  • Age proof of Minor.

  • ID proof (Aadhaar card) of parent/guardian

  • Guardian Identity proof (as per RBI KYC guidelines)

  • Guardian Residence proof (as per RBI KYC guidelines)

  • Adoption Certificate/Court's Letter of Appointment of Guardian (where the Account is to be opened by anyone other than mother/father).

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Validity

Most Important Terms and Conditions

  • The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.
Validity

Transfer of SSY a/c to HDFC Bank

  • SSY a/c can be transferred from another bank or Post office to HDFC Bank.
  • A/c will be considered as continuing account
  • Existing bank or post office will send necessary documents along with cheque/DD to desired HDFC Bank branch.

Process at HDFC Bank Branch:-

  • Once documents are received at HDFC Bank, customer will be informed.
  • Customer is required to visit branch to complete the process.
  • Aadhar & PAN details mandatory for Individuals and Guardians in case of minor.

 

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Additional Information

  • Subscription amount credited to SSY account is remitted to RBI on T+1 basis.
  • Maximum 4 nominees can be registered in SSY account.
  • Subscription can be made via cash/cheque/ NEFT.
  • If minimum amount of ₹250 is not deposited in a financial year, it shall be treated as discontinued.
  • Account can be revived on payment of overdue penalty of ₹50 for each year of default along with overdue minimum annual deposit of ₹250 of defaulted years.

Ways to Open a Bank Account

Frequently Asked Questions

To apply for Sukanya Samriddhi Yojana, you can visit any HDFC Bank branch with the required documents and complete the account opening process. Click here to find a list of your closest HDFC Bank branch.

You can invest minimum ₹250 and maximum upto ₹1.5 lakh per financial year. Subscription has to be multiples of Rs. 50/-.Deposits can be made in one lump sum or multiple instalments, with no monthly obligation. If the minimum amount of ₹250 is not deposited in any financial year, a penalty of ₹50 will be charged p.a.

You can open an SSY account at any HDFC Bank branch by submitting the required documents and a minimum deposit of ₹250

SSY offers triple tax exemption—deposits qualify under Section 80C, the interest earned is tax-free, and the maturity amount is also exempt from tax.

Sukanya Samriddhi Yojana offers many benefits:

  • Minimal deposit: The Sukanya Samriddhi Yojana account requires a minimum deposit of ₹250 in one financial year.

  • Attractive interest rate: high interest rate, revised every quarter by the Government of India.

  • Tax exemption: Interest income is fully exempted from tax under section 80C.

  • Tax Benefits: Full tax deduction on principal invested up to ₹1.5 lakh per year under Section 80C.

Yes, you will need to provide the birth certificate of the girl child, identity proof and address proof of the guardian, and photographs of both the guardian and the girl child.

Yes, but only in specific cases—on the girl’s marriage after 18, her death or changes in Nationality/citizenship. Supporting documents must be submitted to process premature closure.

SSY is a government savings scheme for the benefit of girl child. A parent or legal guardian can open it for a girl below 10 years of age. Only one account can be opened in the name of a girl child as per scheme rules across any authorized Banks/Post offices. A maximum of two accounts is allowed per family.

Yes, Withdrawal is allowed only once after applicant turns 18 years of age for purpose of higher education.