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Sukanya Samriddhi Yojana Post Office Savings Scheme For Girl Child

Published On Feb 13, 2022 11:00 AM By InsuranceDekho

Post Office Sukanya Samriddhi Yojana is a savings scheme offered by the government of India. This scheme is specially designed for a family's female child and is a part of the "Beti Bachao – Beti Padhao Yojana”. The Post Office Sukanya Samriddhi Yojana is meant for parents of female children to help them secure their daughter’s future in the best way. Both the guardian and parent of the girl child can unlock it until she reaches the age of ten. This initiative of the government is an initiative to support the female child and thus this scheme has received a positive response.

Sukanya Samriddhi Yojana Post Office Savings Scheme For Girl Child

Sukanya Samriddhi Account at the Post Office: Key Features

  • Each family can only have two Post Office Sukanya Yojana accounts, however, if there are twins or triplets, then in such a case three accounts can be opened. The legal guardians or the parents are allowed to create the account for their girl child in case they are under the age of ten.
  • A Sukanya Samriddhi Yojana in the Post Office can be opened for as little as Rs. 250 per year and as much as Rs.1.5 lakh per year. Cash and/or checks are accepted forms of payment.
  • An SSY account is valid for 21 years or until the girl child turns 18, whichever comes first. A Post Office Sukanya Samriddhi account can remain open for up to 21 years after it is first opened, and once this period has passed, it does not earn interest.
  • Only a girl child who is an Indian resident is eligible for this program. A non-resident Indian female child is not permitted to open an SSY account in her name.
  • Post Office Sukanya Samriddhi Yojana allows for partial withdrawals once a girl child turns 18. After that, a girl can withdraw 50% of her funds for further education or marriage.
  • There is a minimum annual contribution of Rs. 250 required to keep the account alive for at least 14 years. If this criterion cannot be met within one year, the account will be deleted, and it may be reopened only by paying a fee of Rs.50 along with the minimum deposit.

How To Open a Sukanya Samriddhi Account In a Post Office?

The government-aided Sukanya Samriddhi plan which was started to encourage a female child's education has already garnered a lot of praise. However there are many who are still unaware of the plan, you can visit the nearest post office to open this type of account. Here's how you can do it:

  • First, download the form from the government website and then fill it in correctly.
  • Carry all essential documentation, including photographs of the female child and her parent/guardian along with proof of identification like aadhar card and birth certificate.
  • All of the aforementioned, as well as the application form, should be submitted to the post office.


A Post Office Sukanya Samriddhi Yojana account offers a number of benefits, which is why it's one of the most popular savings options. Every year, beginning in 2020-21, a 7.6% annual interest rate will be compounded and credited to the account. The interest will compound at current rates if the money is not withdrawn after the 21-year maturity period. If the depositor changes his or her address, the SSY account can be transferred to another Post Office. Alternatively, the account can be moved to any approved post office in the new location.

Also Read: Why Does Your Child Need the Best Child Education Plan In India?

Things You Should Know About Child Life Insurance Plans

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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