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Sukanya Samriddhi Accounts

Salient features of Sukanya Samriddhi Accounts including Tax Rebate:

  • A legal Guardian/Natural Guardian can open account in the name of Girl Child.
  • A guardian can open only one account in the name of one girl child and maximum two accounts in the name of two different Girl children.
  • Account can be opened up to age of 10 years only from the date of birth. For initial operations of Scheme, one year grace has been given. With the grace, Girl child who is born between 2.12.2003​&1.12.2004 can open account up to1.12.2015.
  • If minimum Rs 1000/- is not deposited in a financial year, account will become discontinued and can be revived with a penalty of Rs 50/- per year with minimum amount required for deposit for that year.
  • Partial withdrawal, maximum up to 50% of balance standing at the end of the preceding financial year can be taken after Account holder’s attaining age of 18 years.
  • Account can be closed after completion of 21 years.
  • Normal Premature closure will be allowed after completion of 18 years​/provided that girl is married.

Interest payable, Rates, Periodicity etc.

Rate of interest 8.5% Per Annum (w.e.f 1-10-2016), calculated on yearly basis, yearly compounded.

Minimum Amount for opening of account and maximum balance that can be retained

Minimum INR. 1000/-and Maximum INR. 1,50,000/- in a financial year. Subsequent deposit in multiple of INR 100/- Deposits can be made in lump-sum No limit on number of deposits either in a month or in a financial year.

What are the documents required to open the Sukanya Samriddhi account?

1. Birth certificate of the girl child. 2 Identity proof of the parent/guardian (whoever is the depositor).3 Address proof of the depositor.

Tax Benefits:

No tax will be deducted and the girl child will get full amount on maturity. Investment in this scheme is qualify under the section 80c.


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