Last Updated on 01/02/2018
Sukanya Samriddhi Yojana Scheme

The main features of the Sukanya Samridhi Yojana Scheme


The account may be opened by:

  • The natural or legal guardian in the name of girl child from the birth of the girl child till she attains the age of 10 years.
  • Any girl child, who had attained the age of 10 years, one year prior to the commencement of these rules.
  • A depositor may open and operate only one account in the name of a girl child under the rules.
  • Natural or legal guardian of a girl child shall be allowed to open the account for two girl children only, and also for third girl child, subject to certain exceptions.


  • The account may be opened with an initial deposit of Rs. 1000/- and thereafter any amount in multiple of Rs. 100/-.
  • A minimum of Rs. 1000/- shall be deposited in a Financial Year.
  • Maximum of Rs. 1,50,000/- can be deposited in a Financial Year (Under 80C IT exemption is available).
  • Deposits in an account may be made till completion of 14 years from the date of opening of the account.
  • An irregular account where minimum amount has not been deposited, may be regularized on payment of penalty of Rs. 50/- per year along with the minimum specified subscription for the year(s) of default any time till the account completes 14 years.

Mode of Deposit:

  • The deposit in account can be made in cash or through cheque/ demand draft. Where deposit is made by cheque or demand draft, the date of encashment of the cheque or demand draft shall be the date of credit to the account.

Interest on Deposits:

  • Interest at the rate, to be notified by the Government, compounded yearly shall be credited to the account till the account completes 14 years.

Operation of Account:

  • The account shall be opened and operated by the natural or legal guardian of a girl child till the girl child in whose name the account has been opened, attains the age of 10 years.
  • On attaining age of 10 years, the account holder i.e. the girl child may herself operate the account, however, deposit in the account may be made by the guardian or any other person or authority.

Premature Closure of Account:

  • In the event of death of the account holder, the account shall be closed immediately on production of death certificate issued by the competent authority, and the balance at the credit of the account shall be paid along with interest till the month preceding the month of premature closure of the account, to the guardian of the account holder.
  • Where the Central Government is satisfied that operation or continuation of the account is causing undue hardship to the account holder, it may, by order, for reasons to be recorded in writing, allow pre-mature closure of the account only in cases of extreme compassionate grounds such as medical support in life-threatening diseases, death etc.

Pass Book:

  • On opening an account, the depositor shall be given a pass book bearing the date of birth of girl child, date of opening of account, account number, name and address of the account holder and the amount deposited.
  • The pass book shall be presented to the Bank, at the time of depositing money in the account and receiving payment of interest and also at the time of final closure of the account on maturity.

Transfer of Account:

  • The account may be transferred anywhere in India, if the girl child in whose name the account stands, shifts to a place other than the city or locality where the account stands. However, the account shall be transferred from authorized branch to another authorized branch for conducting Govt. Business.


  • To meet the financial requirements of the account holder for the purpose of higher education and marriage, withdrawal up to 50% of the balance at the credit, at the end of preceding financial year shall be allowed only when the account holder girl child attains the age of 18 years.

Closure on Maturity:

  • The account shall mature on completion of 21 years from the date of opening of the account. Provided that where the marriage of the account holder takes place before completion of such period of 21 years, the operation of the account shall not be permitted beyond the date of her marriage.
  • On maturity, the balance including interest outstanding in the account shall be payable to the account holder on production of withdrawal slip along with the pass book.
  • If the account is not closed in accordance with the provisions of sub-rule (1), applicable interest shall be payable on the balance in the account till final closure of the account.

Power to Relax:

  • Where the Central Government is satisfied that the operation of any of these rules causes undue hardship to the account holder or account holders, it may, by order and for reasons to be recorded in writing, relax the requirements of that provision in a manner not inconsistent with the provisions of the Act.