How to Open Sukanya Samriddhi Account (SSY) Online, Documents

Sukanya Samriddhi Account Opening Form Download। How to Open SSY Account Online, Documents Required। Sukanya Samriddhi Account Interest Rate and Online Payment। Open Sukanya Samriddhi Account Online। The Government of India supports the Sukanya Samriddhi Yojana (SSY), a small savings program designed solely for girls. According to this program, a parent or other responsible adult may open an account in a girl child’s name up until the age of 10.


Sukanya Samriddhi Yojana: What is it?

The Sukanya Samriddhi Yojana (SSY) program encourages guardians or parents to save aside money for their female children’s future education and marriage costs. It is a component of the government of India’s Beti Bachao – Beti Padhao (BBB) initiative. It is admirable that the government is making efforts to alter the way that people view girls.

Post offices and some banks with specialized designations are places where the SSY account can be opened. In addition, an SSY account provides income tax advantages through Section 80C deductions for up to Rs 1.5 lakh, as well as a greater interest rate compared to other small savings plans.

LIC Kanyadan Policy

Who Can Open a Sukanya Samriddhi Account?

  • From the time a girl child is born until she turns 10 years old, her natural or legal guardian may open an SSY account in her name.
  • Only in the name of the girl child may a depositor open an account.
  • A girl child’s natural or legal caregiver is permitted to open two accounts for a maximum of two girls.
  • In the event of the birth of twin girls, as a second birth, or if the first birth results in three girl children, one may open a third account in the name of a girl child.

Characteristics of a Sukanya Samriddhi Account

  • An SSY account offers an annual interest rate of 7.6 percent (effective July 1, 2021, and ending September 30, 2021).
  • The SSY account’s minimal deposit is Rs. 250.
  • The most that can be placed into each SSY account in a single year is Rs. 1.5 lakh.
  • The total quantity of deposits is unrestricted, both monthly and annually.
  • Under Section 80C, tax benefits are available for annual deposits up to Rs. 1.5 lakh.
  • Till the end of the 15-year period beginning on the account’s opening date, deposits could be made in the SSY account.
  • After the account’s 21-year term is over, it reaches maturity. The girl child receives the remaining amount in the SSY, along with interest, upon filing an application and documentation of her identity, residency, and citizenship.

Kanya Sumangala Yojana

Documents Required to Open an SSY account

  • Birth certificate of the girl child
  • Photo ID of parents or legal guardian
  • Address proof of parents or legal guardian
  • Photograph of the child and parent

Process in Steps to open Sukanya Samriddhi Account

  • Complete the form.
  • Send in the documents and photographs.
  • Deposit money (Minimum of Rs 1,000).
  • Deposits can be made after the account has been opened using cash, checks, or demand drafts.
Maximum number of accounts Up to two girl children or three in case of twin girls
The minimum and the maximum amount of deposit Min amount is Rs 1,000 for the initial deposit with an annual ceiling of Rs 1,50,000 in a financial year
Tenure of the deposit 21 years from the date of opening of the account
Interest Rate 7.6% for Q2 of FY 2021-22
Tax deduction Under 80C of the IT Act, 1961

How Can I Open a Sukanya Samriddhi Account?

A Sukanya Samriddhi Yojana (SSY) account can be opened at a Post Office branch or a bank that is a participant in the program. To open the account, you must complete the steps below.

  • Go to the branch of the bank or post office where you want to open the account.
  • Complete the application form with the necessary information, and attach any supporting documents.
  • Pay the initial deposit in cash, by check, or by demand draft. The sum may range from Rs. 250 to Rs. 1.5 lakh.
  • Your application and payment will be processed by the bank or Post Office.
  • Your SSY account will be opened following processing. For this account, a passbook will be produced to signify the start of the account.

Kanya Vivah Yojana

How can I fill out the Post Office Sukanya Samriddhi Yojana form?

You can use these steps to fill out the form:

  • Type the name of the postal branch.
  • Mention the account number for any savings accounts you may already have with the Post Office.
  • Include the Post Office branch and postal address information under “To The Postmaster.”
  • The applicant(s)’ picture+ should be pasted to the right.
  • Write the applicant’s name below “I/We” and Sukanya Samriddhi Yojana in the space after that.
  • Skip the information in the box because it only applies to new PO savings accounts.
  • Tick the appropriate account type in the “Account Holder Type” box.
  • Ask the Post Office staff for assistance in determining this.
  • The “Account Type” field is no different.
  • Additionally, indicate how much money you intend to put in the newly created SSY account. Put the amount in both words and figures.
  • Select the payment method, such as cash, check, or DD. Note the number and date that are listed on any checks or demand drafts.
  • Fill out the table with the information requested, including the applicant’s name, gender, Aadhaar number, PAN, address, and other information.
  • At the bottom of Page 1, the applicant(s) should sign their names to confirm that they have read and approved the entire document.
  • If you would like to set up standing instructions to pay for the SSY account, provide details in section 5 on page 2.
  • To confirm that no further SSY accounts have been formed in the depositor’s name, check the square box next to SSA.
  • Make the signature after adding the date.
  • Complete the nomination information.
  • If the applicant is illiterate, seek the signature of two witnesses.
  • At the conclusion of the nomination section, include the date, the location, and the signer’s name.

How to Open Sukanya Samriddhi Account Online?

As of the right moment, there is no online application or account opening process for the Sukanya Samriddhi Yojana.

Where can I Register for the Sukanya Samriddhi Yojana?

A Sukanya Samriddhi Yojana account can be opened at a Post Office branch or a bank that is a participant in the program. The banks taking part are:

  • State Bank of India
  • Allahabad Bank
  • Andhra Bank
  • Punjab and Sind Bank
  • Bank of Baroda
  • Canara Bank
  • Bank of India
  • Bank of Maharashtra
  • Corporation Bank
  • Central Bank of India
  • Indian Overseas Bank
  • Dena Bank
  • Indian Bank
  • UCO Bank
  • Syndicate Bank
  • United Bank of India
  • Punjab National Bank
  • Union Bank of India
  • Oriental Bank of Commerce
  • IDBI Bank
  • Vijaya Bank
  • Axis Bank
  • ICICI Bank

Kanyashree Prakalpa

How do I Pay for the Online Sukanya Samriddhi Yojana?

To make online payments to your SSY account, you must first download the IPPB app to your smartphone. You can set up recurring instructions through this app to have a certain amount deposited online to your SSY account. Here is the detailed process:

  • Transfer money from your bank account to the IPPB account.
  • On the IPPB app, select the Sukanya Samriddhi Yojana account under DOP Products.
  • Key in the DOP customer ID and your SSY account number.
  • Select the duration of the installments and the payment amount.
  • Once the payment routine has been successfully set up, IPPB will let you know.
  • You will receive a notification each time the app sends money.

Which bank offers the greatest Sukanya Samriddhi Yojana account opening options?

Any of the participating institutions will let you open an SSY account. If your current bank is one of the cooperating banks, it will be more convenient for you to open the SSY account there. The banks taking part are:

  • State Bank of India
  • Allahabad Bank
  • Andhra Bank
  • Punjab and Sind Bank
  • Bank of Baroda
  • Canara Bank
  • Bank of India
  • Bank of Maharashtra
  • Corporation Bank
  • Central Bank of India
  • Indian Overseas Bank
  • Dena Bank
  • Indian Bank
  • UCO Bank
  • Syndicate Bank
  • United Bank of India
  • Punjab National Bank
  • Union Bank of India
  • Oriental Bank of Commerce
  • IDBI Bank
  • Vijaya Bank
  • Axis Bank
  • ICICI Bank

How should the Sukanya Samriddhi Yojana proof be submitted?

To provide the supporting documents and proofs, you must personally go to the Post Office or a bank location where you submitted your SSY application. A physical copy of the following documents must be submitted:

  • Girl child’s birth certificate
  • The guardian’s evidence of identity and address.
  • A medical certificate is required in the event when numerous girl children are born in the same birth order.
  • any other documentation that the post office or banks may demand.

Sukanya Samriddhi Yojana Interest Calculator?

The SSY account’s interest is determined based on the lowest balance for the calendar month, or from the fifth day of the month to its completion. At the end of each fiscal year, the interest will only be credited once.

A = P(1+r/n)^nt


  • P = Initial Deposit
  • r = Rate of interest
  • n = Number of years the interest compounds
  • t = Number of years
  • A = Amount at maturity

How frequently can investments be made under the Sukanya Samriddhi Yojana?

Money can be deposited into an SSY account once each fiscal year or in smaller, more frequent installments. To keep the account open and operational, you must make a minimum payment of Rs. 250 each fiscal year and adhere to this requirement for at least 15 years.

If you decide to pay your deposits in installments, you can choose any time frame that works best for you. You are not limited to a certain number of deposits per month or per fiscal year.

Sahara Refund Portal

How does the Sukanya Samriddhi Yojana work?

You must deliver the properly completed withdrawal form and the passbook for your SSY account to the bank or Post Office branch where the account is kept.

You must meet certain requirements, such as those for the costs of the female child’s higher education or for the costs of the bride’s wedding, in order to make a claim or withdraw it early.

The money will be given to the girl child who is holding the account when it matures.

In a different situation, you may prematurely end the account and only be eligible to receive your deposit money after five years have passed since the account was opened for the following reasons:

  • Upon the account holder’s passing.
  • a condition that could be fatal to AC owners.
  • The guardian who managed the account passed away.

How can the Sukanya Samriddhi Account be opened at the post office?

  • Find the Post Office location closest to you.
  • Complete the application form with the necessary details.
  • Along with the application form, include any supporting documentation and proofs.
  • Pay the initial down payment in cash, via demand draft, or by check.
  • You can submit your application and payment at the Post Office. A passbook will be given to you after your SSY account has been setup.

How is the Sukanya Samriddhi Yojana Transferred?

Follow these guidelines to move your SSY account from the Post Office (PO) to a bank:

  • To view the account, go to the PO branch where it is stored. The guardian can complete the process, so the girl child does not need to go to the PO branch.
  • Your intention to transfer the SSY account should be communicated to the PO executive.
  • Send in the passbook, the completed account transfer form, and the KYC documentation. On your request, the executive will close the account.
  • Visit the bank location where you want to keep your SSY account now.

What kind of money will I receive from the Sukanya Samriddhi Yojana?

Your annual payments will determine the maturity amount of your SSY account. Once the girl kid reaches the age of 18, you may also prematurely withdraw 50% of the deposit sum for either educational expenses or wedding costs.

How can I check the balance of my Sukanya Samriddhi Yojana account?

Upon opening the SSY account with a bank or Post Office, a passbook will be provided. You can acquire the most recent information on the account balance written on the passbook by going to the bank or PO branch where the account is housed.

How is the Sukanya Samriddhi Yojana statement downloaded?

You cannot get SSY account information online in all banks. Verify whether the bank where your account is held offers this service. If so, ask the bank representative for your login information and password so you can access your SSY account online. Utilize the login information provided by the bank executive to access the bank’s online banking platform. The balance of the account will be shown on the homepage or dashboard.

Sukanya Samriddhi Account FAQs

What amount must be deposited into an account to open one under the Sukanya Samriddhi Yojana? The SSY scheme requires a minimum deposit of Rs. 250 to start an account. What year did the Sukanya Samriddhi Yojana launched? On January 22, 2015, at Panipat, Haryana, Prime Minister Narendra Modi introduced the Sukanya Samriddhi Yojana. What department is in charge of the Sukanya Samriddhi Yojana? The Ministry of Women and Child Development is in charge of the Sukanya Samriddhi Yojana. Which section allows for a tax deduction for payments to the Sukanya Samriddhi Yojana? Under Section 80C of the Income Tax Act of 1961, contributions given to the Sukanya Samridhi Yojana may qualify for an income tax deduction.