Sukanya Samriddhi Yojana: Eligibility, Interest Rate & How to Open Account

By Mukesh on Apr 16, 2021

The Central Government of India has introduced a Sukanya Samriddhi Yojana. This scheme was introduced in the year of 2015. This scheme has a tenure of 21 years or until the girl child marries after 18 years of age. Behind this scheme, the central government aims to open savings accounts as part of the “Beti Bachao, Beti Padhao Yojana” to provide benefits to the girl child below the age of 10 years. Today through this page we are going to tell you about this scheme launched by the prime minister of India called Sukanya Samriddhi Yojana (SSY).

Brief Summary

Scheme Name - Sukanya Samriddhi Yojana

Category - Central government scheme

Launched for - Girl child below the age of 10

Launched by - Central Government of India

Application Process - Online

Interest Rates

The interest rate for SYY is decided by the central government of India. For the financial year 2021-22 (Q1: April - June), the interest rate for SSY has been set at 7.6%, compounded annually.


A saving account can be opened by a guardian, in the name of a girl child who is below the age of 10. Do keep in mind that Multiple Sukanya Samridhhi accounts cannot be opened for a single girl child.


This scheme provides investors with a wide range of benefits. We found some of the key benefits for the benefit of the child girl are as follows: -

The scheme provides tax deduction benefits under section Eighty-C.

The scheme provides a flexible investment option with a maximum deposit of Rs. 1.5 lakh per annum (Minimum Rs. 2.5 lakh per year).

The scheme provides the option of long-term investment.

Important Documents

The guardian can open an SSY account with a birth certificate of the girl child and the Aadhar Card of the girl child. Apart from this, the guardian is required to have his/her PAN and Aadhaar card to open an SSY account.

How to invest in the SSY

Guardian can invest in this scheme through his/her nearby designated branches of participating public and private banks or post office. To invest in this account, the guardian is required to submit KYC documents like Passport, Aadhaar Card, etc. along with the duly filled form.

Application Form

For a new account, the guardian can obtain the Sukanya Samriddhi Yojana (SSY) Application form by visiting a nearby post office or participating public/private sector bank. Apart from this, the guardian can download the application form from the official site of the RBI.

How to Download Application form

Guardian can download the SSY Application form from various sources such as:

  • The RBI website
  • Websites of Public Sector Banks
  • India Post Office Website

How to Registration for this scheme        

Offline Application Process:

Applicants need to go to the nearby post office or participating public/private sector bank and fill the SYY Application form and submit this duly filled application form along with the required documents.

Online Application Process:

Step 1st: Open the official web portal of RBI.

Step 2nd: Download the application form.

Step 3rd: After this, enter the required details asked here.

Step 5th: Hit on the final submission key to complete the application process.