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?

  • A natural or legal guardian can open the account for a girl child below 10.
  • A guardian can open the account for up to two girl children only.
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Documents required to get you started

Proof of Identity

  • Aadhaar card
  • PAN card

Proof of Address

  • Latest utility bill
  • passport

Proof of Income

  • Latest salary slips (for salaried individuals)
  • income tax returns (for self-employed individuals)

Know more about this account

Account Facilities

  • 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

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.

 

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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.

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.