Archive · 30 Sep 2025
Sukanya Samriddhi Yojana: Accounts for Daughters Explained
The Sukanya Samriddhi Yojana is a savings plan from the government for girls.
Families can open an account for their daughters up to age 10.
You can deposit up to ₹1.5 lakh each year.
The money is managed by a guardian until the girl turns 18.
The account helps save for education and other future needs.
Money can be withdrawn for higher education or the account can be closed when the girl gets married after 18.
The account matures after 21 years.
Only one account can be opened per child, but two are allowed per family, or more in specific twin/triplet scenarios.
SSY accounts can be opened for girls up to 10 years old.
The minimum yearly deposit is ₹250, with a maximum of ₹1.5 lakh.
Only one account per girl is allowed, generally two per family.
Accounts can be opened in post offices and authorized banks.
Money can be withdrawn for higher education or upon marriage after age 18.
- Who
- Families with girl children
- What
- Details of the Sukanya Samriddhi Yojana (SSY)
- When
- Scheme launched in January 2015; information as of November 2024
- Where
- India; accounts opened in post offices and authorized banks
- Why
- To encourage investment for girl children's future
- Scheme Name
- Sukanya Samriddhi Yojana (SSY)
- Launched
- January 2015
- Account Age Limit
- Up to 10 years old
- Maximum Deposit
- ₹1.5 lakh per year
- Account Management
- Managed by guardian until girl is 18
- Premature Closure
- Allowed after age 18 upon marriage
- Account Maturity
- 21 years from opening date