Sukanya Samriddhi Yojana (SSY) Details & Download Form 2021

Features & Benefits of Sukanya Samriddhi Yojana

  1. Get more returns than other similar savings scheme Authorised by ministry of finance, it is a Government of India backed savings scheme
  2. Minimum investment - Rs 250; Maximum investment – Rs 1,50,000 in one financial year Triple Tax Benefit - Principal invested, the interest earned as well as the maturity amount is tax free.
  3. Attractive interest rate of 7.6%, that is fully exempt from tax under section 80C.
  4. Maximum investment of Rs. 1,50,000 can be made in one financial year
  5. If the minimum amount of Rs 1000/- is not deposited in any financial year , a penalty of Rs 50/- will be charged
  6. Deposits in an account can be made till completion of 14 years, from the date of opening of the account
Know before you invest
  • Returns: Interest rate of 7.6% per annum
  • Lock-in period: 21 years from the date of account opening.
  • The girl child has to be below the age of 10 at the time of account openin
  • Deposits to be made till completion of 15 years, from the date of opening of the account
  • Partial withdrawal facility is available after account holder attains 18 years of age
  • Interest rate is subject to change by the Government of India

Document Lists:

  1. SSY Account Opening Form
  2. Birth Certificate of girl child (mandatory)
  3. Identity proof (as per RBI KYC guidelines)
  4. Residence proof (as per RBI KYC guidelines)
  5. Premature closure of Sukanya Samriddhi Account
  6. Premature closure can only be done by a girl child on attaining the age of 18 years for the purpose of marriage expenses. However, there are some special cases under which the account can be closed and the respective amount can be withdrawn:
Untimely death of the account holder
  • In case the registered girl child unfortunately dies, the parents or the legal guardian are eligible to claim the final amount on the account and accrued interest as well. The amount will be handed over to the nominee of the account immediately. Also, the parents or legal guardian are required to submit the relevant documents verifying the death of the account holder duly attested by the concerned authorities.
📎 Important Links:

👉 Download Sukanya Samriddhi Yojana (SSY) Form

Inability to continue the account
  • The Sukanya Samriddhi account can be prematurely closed if there is any kind of direction from the Central Government regarding the inability of the depository to carry forward the account. The closure can also be processed in case the contribution towards the account is causing any kind of financial stress to the depositor. Moreover, proper permission from the competent authorities must be generated to process the closure and settlement of the account.