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Sukanya Samriddhi Yojana (SSY)
Central scheme
Currently earns 8.2% interest per annum (Q1 FY 2024-25, compounded yearly). Minimum deposit ₹250/year; maximum ₹1.5 lakh/year. Deposit period is 15 years from account opening; the account matures after 21 years from opening (or on marriage after age 18). Partial withdrawal (up to 50%) allowed after girl turns 18. Full EEE tax benefit: deposit is deductible under Section 80C, interest earned is tax-free, and maturity proceeds are tax-free.
Eligibility Criteria
- Account can be opened for a girl child below 10 years of age
- Maximum two accounts per family (one per girl child)
- Can be opened by natural or legal guardian
- Girl child must be an Indian citizen
Required Documents
- Girl child's birth certificate
- Guardian's Aadhaar and PAN Card
- Address proof (Aadhaar / utility bill / passport)
- Photograph of guardian
- Account opening form (available at post offices and banks)