Sukanya Samriddhi Yojana

Producer: Priyanka Das Editor: Mohit Bisht

The Sukanya Samriddhi Yojana (SSY) is a dedicated savings initiative established by the Ministry of Finance exclusively for girls.

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The account may be opened by one of the guardians in the name of a girl child, who has not attained the age of ten years as of the date of opening of the account.

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The minimum investment is Rs 250 per annum; The maximum investment is Rs 1,50,000 per annum.

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The maturity period is 21 years.

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The principal amount deposited, interest earned during the entire tenure, and maturity benefits are tax-exempt under Section 80C.

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The account can be transferred anywhere in India from one post office/bank to another.

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A premature withdrawal of up to 50% of investment is allowed after the child reaches the age of 18 years even if she is not getting married.

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Withdrawal shall be allowed for the purpose of higher education of the account holder to meet education expenses.

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The account can be prematurely closed in case of marriage of a girl child after her attaining the age of 18 years.

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