Monday, 9 March 2015

Know About Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana was launched in January, 2015 as part of the Prime Minister's Beti Bachao Beti Padhao initiative. SSY account can only be opened for a girl child with a primary aim to provide for the higher education and marriage expenses of a girl child.

Amount invested in SSY can be claimed for deduction under section 80C upto the maximum exemption limit of Rs. 1,50,000. Which means one can invest maximum Rs. 1,50,000 in Sukanya Samriddhi Yojana with in a financial year.

In the budget 2015-16 FM proposed to make the income from the Sukanya Samriddhi Yojana scheme tax free i.e. interest earned and the maturity amount would not be taxed. Thus Sukanya Samriddhi Yojana becomes another EEE saving scheme just like PPF.

There are certain rules for opening and operating SSY account, follwoing links gives information about those rules. So lets view different scenarios -

  1. How and Where to Open Sukanya Samriddhi Yojana (SSY) Account
  2. Eligibility For Opening a Sukanya Samriddhi Yojana (SSY) Account
  3. Rate of Interest on Sukanya Samriddhi Yojana Account
  4. Deposit Rules For Sukanya Samriddhi Yojana (SSY) Account
  5. Sukanya Samriddhi Yojana (SSY) Account Duration
  6. Sukanya Samriddhi Account (SSY) Pre-Mature Closure And Partial Withdrawal Rules


  1. It's good to see our government taking steps to secure the future of girl child in this country. We need more schemes like this. Thanks for sharing all the details on this.

  2. Above article is really helpful for Beti Bachao Beti Padhawo programe in India.Thanks for sharing valuable information.