Sukanya Samriddhi Yojana: Empowering the Future of Girl Children in India

In India, where the birth of a girl child was once considered a burden due to societal pressures and financial constraints, government initiatives like the Sukanya Samriddhi Yojana (SSY) have brought a wave of change. This scheme, a part of the 'Beti Bachao, Beti Padhao' campaign, serves not just as a financial instrument but also as a beacon of hope. Let’s delve deep into the SSY to understand its significance, features, and impact on the lives of girl children.

What is the Sukanya Samriddhi Yojana?

Launched by the Government of India in 2015, SSY is a savings scheme targeted towards parents and guardians of girl children. The primary objectives are twofold: to ensure a secure future for the girl child and to promote the importance of saving money for her education and marriage.

Features of SSY

  1. Eligibility: SSY can be opened for a girl child below the age of 10 years, with a maximum of two accounts allowed for a family (three in case of twins/triplets).
  2. Tenure: The scheme matures 21 years from the date of opening, but partial withdrawals for the purpose of higher education can be made once the girl reaches 18.
  3. Interest Rate: The government revises the SSY interest rate quarterly, which has historically been higher than many other small savings schemes.
  4. Minimum and Maximum Contribution: The minimum annual deposit is INR 250, with the maximum capped at INR 1.5 lakh.
  5. Tax Benefits: Deposits made under SSY qualify for deductions under Section 80C of the Income Tax Act. Additionally, the interest accrued and the maturity amount are tax-free.

How Does SSY Empower the Girl Child?

  1. Financial Security: SSY ensures a girl has a significant amount of savings by the time she becomes an adult. This sum can be pivotal in providing higher education or establishing a career.
  2. Promotes Gender Equality: By offering a scheme exclusively for girls, the government emphasizes the importance of equal opportunities for both genders.
  3. Social Impact: The scheme indirectly educates society about the importance of nurturing and investing in a girl's future, breaking age-old stereotypes.
  4. Aids in Curbing Child Marriages: By allowing withdrawals only after the age of 18 and promoting savings for a girl’s education, SSY plays a role in decreasing child marriage incidents.

How to Open an SSY Account?

  1. Visit a Participating Bank/Post Office: Most major banks and post offices across India offer the SSY scheme.
  2. Documentation: Carry the birth certificate of the girl child, identity and address proof of the guardian, and passport-sized photographs.
  3. Fill the Form: Complete the SSY application form and deposit the amount you wish to start with.
  4. Receive the Passbook: Once the account is opened, you'll receive a passbook. It contains all details of the account and is essential for monitoring and future transactions.

Things to Remember

  • Ensure to meet the minimum annual deposit requirement to keep the account active.
  • The account can be easily transferred anywhere in India if the girl’s residence changes.
  • If the maximum limit of INR 1.5 lakh is reached in a fiscal year, the account will not accept any more deposits until the next fiscal year.


The Sukanya Samriddhi Yojana is more than just a savings scheme. It's a reflection of changing mindsets, a tool of empowerment, and a step towards ensuring every girl child in India has the opportunity to shine. By providing financial security and emphasizing the importance of a girl's upbringing and education, SSY plays a crucial role in sculpting a brighter, more equal future for India. Parents and guardians should consider this scheme not just as a financial instrument but as a societal responsibility to uplift and empower the girl child.

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