Sukanya Samriddhi Yojana |Sukanya Samriddhi Account (A Small Savings Scheme)
The Sukanya Samriddhi Yojana is as girl child prosperity scheme under Beti Bachao Beti padhao program of Prime Minister Narendra Modi. SSY account is to ensure a bright future for girl children in India. This yojana is to facilitate them proper education and carefree marriage expenses.  The scheme has well been accepted by the masses in wake of the financial security and independence it would provide to the girl child as well as their parents and guardians.
SnoParametersDetails1NameSukanya Samriddhi Yojana2Account TypeSmall Savings Scheme2Launch Date22nd January 20153Launched ByPM Narendra Modi4Target AudienceGirls Below 10 years age5End DateNA6CountryIndia7StatusActive
This Yojana offers a small deposit investment for the girl children as an initiative under ‘Beti Bachao Beti Padhao’ campaign.  One of the key benefits of the scheme is that it is quite affordable and offers one of the highest rates of interest. Please see this page for current SSY interest rate and also SSY is under the Income tax Act 1961, section 80C.
Updated Sukanya Samriddhi Yojana Rules 2016
You can now open SSY for your adopted girl childYou can deposit Money Online.Girl Child can also deposit amountInterest Rate would be calculated on 10th Day of every month. Initially it was 5th day of the monthPartial withdrawal for girl child education can be done when she has cleared 10th Class or turned 18 years.Account will not earn any interest after it has maturedNow can now transfer you SSY accounts. If you would do from post office to post office it would be free. But transfer from Post office to banks or vice versa would cost you rs 100 and you can do this only once in a year.You can get the duplicate passbook at the cost of rs 50You can now withdraw 100% amount when after girl child turns 18. Initially it was not allowed.
Key Pointers
Till a girl attains an age of 10 years, this account can be opened under her nameOnly one account under this scheme is permissible for every girl childWalk into any post office or authorized banks to open the accountTo open an account under SSAY, Birth Certificate of the girl child would be required to submitThe opening amount for the account is Rs 1,000. Thereafter a multiple of Rs 100 can be deposited to the account with a minimum of Rs 1,000 per yearThe maximum limit for deposits in the account is Rs 1,50,000 per yearYou have to pay in this scheme for 14 years  Suppose you have opened this account when the age of your girl child was X years then you have to pay in this scheme till your girl child age is X + 14 Year.The maturity duration of the account is 21 years from the date of opening the account.SSY Account is transferable to anywhere in India from a Post office or bank to others
The scheme comes from Ministry of Finance under its notification GSR 863(E).  This notification was published on 02nd December 2014.  The scheme will operate with the name Sukanya Samriddhi Account Rules, 2014.
Please Read more on Key Features
Who would be the Depositor?
Since this is an account dedicated to the girl child, a parent or guardian of the girl child could be depositor of the account.
Age limit.
Any legal guardian or parents of a girl child can open SSY Account under this scheme anytime at the time of birth of the child till she attains an age of ten years.  As a matter of exception, any girl who attained an age of ten years within one year prior to announcement of this scheme would also be entitled to get this account opened under her name.
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