Sukanya Samriddhi Yojana : 10 Years Completed
This year marks the 10 years of Sukanya Samriddhi Yojana encouraging families to invest in the bright futures of their daughters, fostering a culture of inclusion and progress.
- It is a savings scheme launched back in 2015 as part of the Government initiative, Beti Bachao, Beti Padhao campaign.
- This scheme enables guardians to open a savings account for their girl child with an authorized commercial bank or India-Post branch.
- The applicant must be a citizen of India.
- The account can be opened by a parent or legal guardian of the girl’s child.
- The girl child must be below the age of 10 years.
- Only one account is allowed for a girl child.
- A family can open only 2 SSY scheme accounts.
- NRIs are not eligible to open these accounts.
- Investment of minimum Rs. 250 and maximum Rs. 1.5 lakh in a financial year. Subsequent deposits in multiples of Rs. 100.
- No limit on the number of deposits either in a month or in a Financial Year.
- Tenure: The maturity period of SSY is 21 years from the account opening. However, contributions have to be made for the first 15 years only.
- Thereafter, the SSY account will continue to earn interest until maturity.
- The SSY account will be mandatorily operated by the girl child after she attains the age of 18 years.
