Disclaimer

The content has been translated from the English version using indigenously developed Artificial Intelligence capabilities (Bhashini, developed by MeitY). In the event of any ambiguity or doubt, users are advised to refer to the original English content for clarification.

All information, materials, advice, suggestions, illustrations, notifications, circulars, and other items on this website are collectively referred to as the "Content."

Indian Bank assumes no responsibility for any errors, omissions, inaccuracies, or typographical mistakes that may appear in the Content. Indian Bank does not provide any warranty or representation regarding the Content and expressly disclaims all liabilities.

Any action taken by users on the basis of such Content shall be entirely at their own risk and responsibility.

Indian Bank reserves the right to modify, correct or update any part of the Content at any time.

No portion of the Content may be displayed or printed without prior written approval of Indian Bank.

As the translated Content has been generated using AI, we encourage suggestions for improvement.

Suggestions may be submitted at:
https://bhashini.gov.in/bhashadaan/en/home

 
हिंदी
Toll-free customer support numberNational Helpline No1800 1700
viewing the Indian Bank PCI DSS compliance certificate
Financial Result Icon

Sukanya Samriddhi Account

Sukanya Samriddhi Account

Salient Features

  • 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 as on the date of opening of the account.
  • High Rate of Interest – 8.20 % Per Annum ( FY 2025-26, Q-4 ).
  • Accounts can be opened easily with the Birth Certificate of the girl Child accompanied by the guardian’s KYC  (POI & POA ). PAN and Aadhar of guardian are to be obtained mandatorily.
  • Only one account can be opened for a girl child Maximum of 2 girl Children in one family.
  • A SSY account holder can invest minimum Rs 250 & Maximum Rs 1,50,000 in a Financial Year.
  • SSY investment are Compounded annually & the credited to the account on the last day of the FY.
  • Investments can be claimed under Income tax Sec 80 C.
  • Deposits may be made in the account till the completion of a period of 15 years and the account will mature after 21 years from the date of opening of the account.
  • Withdrawal of upto a Maximum of 50% of the amount in the account can be allowed for Education purpose after the girl child attaining 18 years or after passing Standard 10th , Whichever is earlier.
  • Irregular SSY accounts can be regularised with a payment of Minimum investment ( ie -Rs.250 ) plus Rs.50.
  • Account can be regularised by depositing (Rs.250+50) * No of irregular Years
  • The interest shall be credited to the account at the end of each financial year.
  • Premature Closure of account can be allowed in case of extreme compassionate grounds such as medical support .
  • Customers can now open Sukanya Samriddhi accounts through Net Banking. The procedure for opening of Sukanya Samriddhi accounts through Internet Banking platform (Click Here) is as under:                                          Government Scheme==> SSY==>SSY Account Opening

( Last modified on Jan 02, 2026 at 04:01:44 PM )

ADYA
ADYA