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Sukanya Samriddhi Yojana: Key Points

Published on Wednesday, November 02, 2016
sukanya smriddhi
Hello Readers!!!
Government of India has been working painstakingly to empower youth, promote girl's education and making India skilled. All these measures taken by the government are going to prove very beneficial for everyone.
As these schemes and policies cater the attention of exam-paper setter. Thus, we have been timely updating you with our articles related to government schemes. 
Today we are going to share with you the most important key points of Sukanya Samriddhi Yojna. So, we are ready to go!!!!!!


  • Girl child prosperity scheme launched under Beti Padhao Beti Bachao program
  • Ensures bright future of girls
  • Facilitate girls with proper education and carefree marriage expenses

Video explanation


  • Launched on January 22, 2015 by PM Narendra Modi

Advantages & Features

  • Involvement of banks and post offices ensures inclusions of all sections of the society.  
  • Attractive rate of interest, i.e. 9.20 per annum for the last financial year
  • Tax exemption under section 80C of the Income Tax Act
  • Account can be opened in any authorized bank or post office
  • Easy transfer of account from one bank to another 

Eligibility Criteria

  • The age of girl should be 10 years or less than 10 years.
  • Girl child born between 2nd February 2003 and 1st December 2015 is also eligible to get the account

Required Documents

  • Identity Proof of the Guardian/ Parents
  • Address Proof of the Guardian/Parents
  • Birth Certificate of Girl Child

Withdrawal of the Amount

  • 100% amount can be withdrawn after the girl is 21
  • 50% withdrawal is possible after the girl is 18. ( for illness, education or marriage)
  • No withdrawal is allowed if the girl is below 18.

Premature Closure of the Account

  • Account can be closed prematurely if the girl dies, but it will be done after the submission of her death certificate.
  • If government feels that the guardian/ parent is incapable of carrying forward the scheme, then the account can be closed.

Mature Closure of Account

  • Account can be closed when the girl is 21.
  • It can be continued after 21, but till the girl gets married
  • The account must be closed after girl's marriage.
  • If the girl gets married before 21, then the account must be closed. 

Deposit Amount

  • Rs. 1000 should be deposited as initial amount
  • At least Rs. 1000 should be deposited in the account annually failing in which will lead to the declaration of irregular account
  • Amount can be deposited only for 14 years after the opening of the account.

Number of Accounts

  • Only one account can be opened on a girl's name
  • Maximum 2 accounts can be opened for 2 girls of a couple/parents
  • If you have triplet of girl, then three accounts can be open for each girl child.
  • If twin girls are born after one girl, then two separate accounts can be opened for the twins and on account for the single girl.

List of Authorized Banks 

  • Allahabad Bank
  • Andhra Bank
  • Axis Bank
  • Bank of Baroda (BoB)
  • Bank of India (BoI)
  • Bank of Maharashtra (BoM)
  • Canara Bank
  • Central Bank of India (CBI)
  • Corporation Bank
  • Dena Bank
  • ICICI Bank
  • IDBI Bank
  • Indian Bank
  • Indian Overseas Bank (IOB)
  • Oriental Bank of Commerce (OBC)
  • Punjab National Bank (PNB)
  • Punjab & Sind Bank (PSB)
  • Syndicate Bank
  • UCO Bank
  • Union Bank of India
  • United Bank of India
  • Vijaya Bank
  • State Bank of India (SBI)
  • State Bank of Patiala (SBP)
  • State Bank of Bikaner & Jaipur (SBBJ)
  • State Bank of Travancore (SBT)
  • State Bank of Hyderabad (SBH)
  • State Bank of Mysore (SBM)

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Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

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