Sukanya Samriddhi Yojana | Beti Bachao Beti Padhao 2025

Sukanya Samriddhi Yojana’ is a small deposit scheme for girl child, launched as a part of the ‘Beti Bachao Beti Padhao’ campaign, which would fetch an attractive interest rate and provide income tax rebate.

Eligibility

• Parents or legal guardians can open deposits on behalf of a girl children (including adopted girl child) for up to 2 daughters aged below 10. Three girl children, in case of twin girls as second birth or the first birth itself results in three girl children.
• Only one account can be opened in the name of a girl child.
• Minimum of Rs 250 of initial deposit with multiple of Rs 150 thereafter with annual ceiling of Rs.150000 in a financial year.
• Maximum period upto which deposits can be made 15 years from the date of opening of the account. The account shall mature on completion of 21 years from the date of opening of account or on the marriage of Account holder whichever is earlier.
• Requirement of a birth certificate of the girl child

Deposits

The minimum deposit is ₹250 and the maximum is ₹1,50,000 per financial year. Deposits can be made for up to 15 years from the account’s opening date.

Interest

The interest rate is declared quarterly by the Government of India. Interest is compounded annually and credited at the end of the financial year.

Withdrawals

After the account holder turns 18, they can withdraw up to 50% of the balance for higher education or marriage.

Account closure

The account can be closed prematurely in the event of the account holder’s death or in certain compassionate circumstances, such as life-threatening medical support.

Account transfer

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

Tax benefits

The interest earned in the account is free from income tax under Section 10 of the IT Act. Deposits also qualify for a deduction under Section 80-C of the IT Act

Click for Scheme Forms.