Sukanya Samriddhi Yojana is a small saving scheme regulated by the Indian Government for the welfare of the girl child. The accounts under Sukanya Samriddhi Yojana can be opened with different banks in India. These banks are given the authority by the Indian Government to open SSY accounts with a minimum deposit of Rs.250. The interest rate for Q3 (October-December) FY 2024-25 has been set at 8.2% per annum.
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List of Banks Offering Sukanya Samriddhi Yojana
Here is a list of banks which are offering Sukanya Samriddhi Accounts for all the eligible individuals-
| 1. HDFC Bank | 2. Axis Bank | 3. Punjab National Bank |
| 4. Canara Bank | 5. Union Bank of India | 6. ICICI Bank |
| 7. Central Bank of India | 8. IDBI Bank | 9. Canara Bank |
| 10. Indian Bank | 11. State Bank of India | 12. Bank of Maharashtra |
| 13. Punjab & Sind Bank | 14. Indian Overseas Bank | 15. UCO Bank |
| 16. Bank of India | 17. Bank of Baroda | |
What are the Documents Required to Open a SSY Account
The following documents must be submitted to open Sukanya Samriddhi Account from your respective bank:
- Filled SSY Application Form
- Birth Certificate of the beneficiary
- Guardian’s address proof
- Identity Proof of the guardian
- Passport photographs for the beneficiary
Here is a PDF of online Sukanya Samriddhi Application form which can be downloaded, filled and submitted to open the account:
| SSY Online Application Form |
Benefits of Opening a Sukanya Samriddhi Account
| Type of Benefit | Details |
| Tax | Eligible for Tax deductions under Section 80C up to Rs.1.5 Lakh |
| Deposits | Flexible investment with minimum deposit of Rs.250 and maximum Rs.1.5 lakh p.a |
| Security | Completely secure and guaranteed returns because its a government-backed scheme |
| Financial Goal | Serves long-term investment goals along with the power of compounding |
| Transfers | Can be transferred from one bank/post-office to another in the country |
6 Comments
Kya main ssy account Jo ki Bank of Baroda me hai.us account ko axis ya HDFC Bank me transfer karwa sakta hu
Yes, you can get your SSY account transferred to Axis bank of HDFC bank by filling up the transfer form available with your current bank.
Can I invest in Sukanya Samriddhi Yojana online?
Currently, you can download the Sukanya Samriddhi Yojana form online. However, you need to submit the application form and investment at a nearby post office or designated branches of participating public or private banks
Will I get the same interest rate on my SSY account if I open it with a public or private sector bank?
Yes, post offices as well as public and private sector banks all offer the same rate of interest on SSY accounts.