- As of December 2025, 4.53 crore accounts have been opened and total deposits amount to more than Rs 3.33 lakh crore.
About Sukanya Samriddhi Yojana (SSY):
Launch: The SSY was launched by Prime Minister (PM) Narendra Modi on 22 January 2015 under the BBBP Campaign.
Administrative Authority: The SSY is administered by the Department of Economic Affairs (DEA) under the Ministry of Finance(MoF)
About Sukanya Samriddhi Account(SSA):
SSA: It is an account that holds the funds deposited towards the SSY scheme.
Account Access: Parents or legal guardians can open an account for their Indian girl child at any India Post office or branch of any Public Sector Bank (PSB) and authorised Private Sector Banks (HDFC Bank, Axis Bank, ICICI Bank and IDBI Bank).
Age Limit: The account may be opened anytime from the birth of the girl child until she attains the age of 10 years.
Account Restrictions: Only one SSA is permitted per girl child, and a family can open accounts for a maximum of two girl children.
Deposit Limit: The minimum initial deposit of Rs 250 in the SSA, and subsequent deposits can be made in multiples of Rs 50, provided that at least Rs 250 is deposited in a financial year (FY).
- The total annual deposit limit is capped at Rs 1,50,000, any excess amount will not earn interest and will be returned.
Tenure: Deposits can be made for a period of up to 15 years from the account opening date.
Interest Rate: The SSY currently offers an interest rate of 8.2% per annum(p.a), with rates reviewed quarterly and interest credited annually.
Maturity: The SSA matures upon the completion of 21 years of its opening date.
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