Sukanya Samridhi Accounts


The account may be opened by one of the guardian in the name of a girl child, who has not attained the age of ten years

Both guardian and girl child shall be resident citizen of India at the time of opening of account.

Every beneficiary (girl) can have single account.

  • Account can be opened for maximum two girl children in one family.
  • More than two accounts may be opened in a family if such children are born in the first or in the second order of birth or in both, on submission of an affidavit by the guardian supported with birth certificates of the twins/triplets regarding the birth of such multiple girl children in the first two orders of birth in a family. (Provided further that the above proviso shall not apply to girl child of the second order of birth, if the first order of birth in the family results in two or more surviving girl children.)
  • NRIs are not eligible to open these accounts.

Rs 250/- to Rs 1,50,000 Per Financial Year

  • Interest will be compounded yearly at the rate notified by Govt of India on quarterly basis.
  • Interest will be calculated on lowest balance between 5th day & last day of the month
  • No interest will be payable once the accounts completes twenty-one years from the date of opening.
  1. Deposit may be made in the account till the completion of 15 years from the date of opening of account.
  2. The account shall mature on completion for a period of twenty-one years from the date of its opening
  • completion of a period of twenty-one years from the date of its opening.
  • The closure of the account may also be permitted before completion of twenty-one years if the account holder on an application makes a request for such closure for the reason of intended marriage of the account holder on furnishing of a declaration duly signed on non-judicial stamp paper attested by the notary supported with proof of age confirming that the applicant will not be less than eighteen years of age on the date of marriage

withdrawal of upto a maximum of fifty per cent of the amount in the account at the end of the financial year preceding the year of application for withdrawal, shall be allowed for the purpose of education of the account holder.

(Provided that such withdrawal shall be allowed after the account holder attains the age of eighteen years or has passed tenth standard, whichever is earlier.)


Tax benefit under section 80 (C) for investment made during the financial year.

  1. Exempt at the time of Investment,
  2. Exemption on accrued Interest and
  3. Exemption on maturity amount.

For further clarification, please refer to Government notification G.S.R. 914 (E) dated 12th December 2019

  • All BOI branches are authorised to open SSA accounts.
  • Birth certificate of the girl child is mandatory alongwith the Identity & address proof of guardian.
  • PAN of the guardian is compulsory.
  • Nominaiton is compulsary
  • Nomination can be made for one or more persons but not exceeding four individuals