New Delhi: Sukanya Smridhi Yojna is one of the National Savings Schemes offered by the Government of India. The small deposit scheme is especially meant for the girl child. The scheme offers the highest rate of interest among all small savings schemes backed by the government of India. The rate of the scheme is 8.0% which is compounded anually. The scheme was launched in 2015 under the Government of India’s ‘Beti Padhao Beti Bacho’. The scheme aims to promote the education of girl children. The Sukanya Smridhi Yojna can be opened through Post Offices and all Public and Private Sector banks.
What is Sukanya Smridhi Yojna?
It is a scheme run by the Ministry of Women and Child Welfare and the Government of India under the Government’s ‘Beti Padhao Beti Bachao’
Main Targets of this Scheme are:
Protection and survival of girls
Maximum number of girls participate in the areas of education
Ensure reduction in the practice of determination of sex and gender discrimination against children.
Following Banks that offer SSY Scheme:
Union Bank of India
State Bank of India
Punjab National Bank
Oriental Bank of Commerce
Indian Bank
ICICI Bank
Canara Bank
Corporation Bank
Axis Bank
Allahabad Bank
Syndicate Bank
Vijaya Bank
Punjab & Sind Bank
IDBI bank
Bank of Maharashtra
Central Bank of India
Bank of Baroda
Andhra Bank
Eligibility of Sukanya Smriti Yojna
Parents can open an SSY account until the girl child reaches 10
The child must be a resident of India
In a family account can be open for 2 girls
Third account can be opened in case of twin girls
Documents require to open the Account
Account Opening Form
Birth Certificate of the Girl Child
Address Proof of the Parent
Medical Certificate of the child
Benefits of the Scheme
Educational expenses covered
Tax benefits
Attractive Interest rates
Affordable Payments
Tax Exempt interest
Convenient Transfer
Guaranteed Returns
Some important details of the SSY Scheme
Interest rate: 8.00%
Investment Amount: Minimum rs 250, Maximum 1.5 Lakh per annum
Maturity Amount: Depends on invested amount
Maturity Period: 21 years, or till the girl is married.
If you are a parent or a guardian of a girl child who is less than 10 years then you must enroll for the scheme to secure your child’s future and her education.
