Sukanya Samriddhi Yojana – How to Apply, Eligibility Guidelines

The present government is focusing on Beti Bachao Beti Padhao Campaign and to ensure that there is no female foeticide, the government is taking many steps. The government is launching several schemes to ensure the sex ratio doesn’t fall further. One such scheme launched by the government is Sukanya Samriddhi Yojana and this scheme is certainly one such scheme which has the power to turn the tables around. A lot of people have been attracted towards this scheme and the scheme has gathered a lot of appreciation as well. The scheme is basically a small savings deposit scheme and here are all the details about the scheme.

What is Sukanya Samriddhi Yojana?

Sukanya Samriddhi Yojana

The scheme is basically a saving scheme which is available for the parent of the girl child. It is basically similar to a Recurring Deposit but the interest rate offered by the government is higher. In addition to this, the scheme comes with many other features. The scheme would eventually help in balancing the sex ratio and it would also help the girl child in continuing the studies.

Read also: Pradhan Mantri Awas Yojana (PMAY)

How will Sukanya Samriddhi Yojana work?

The parents of the girl child can approach the bank to open an account under Sukanya Samriddhi Yojana and they can then deposit the money on the monthly or annual basis. The rate of interest offered by the government during the inception of the scheme was 8.6% but this keeps on changing every quarter. In this scheme, the pre-mature withdrawal is not allowed and 50% of the total corpus can be withdrawn once the girl reaches the age of 18 years. In addition to this, this limit is capped at the actual fee payable by the parents.

Additionally, the rest of the amount can be withdrawn once the girl reaches 21 years of age and if the parents want then they can also continue the account. You can check the scheme calculator to get an idea of the returns. So for example, if you invest Rs 1000 per month for a period of 14 years in Sukanya Samriddhi Account then the sum of the total amount invested by you is Rs 168000 whereas you will get Rs 542122 at the time of maturity.

What is the Eligibility criteria for Sukanya Samriddhi Yojana?

The eligibility criteria for the scheme are

  • The Sukanya Samriddhi Yojana is only available for the girl child and the girl child needs to be the citizen of India.
  • The age of girl should be 10 years or less than that and in addition to this, a year’s grace period is given to parents to discontinue the scheme.
  • NRI can’t apply for the scheme and if a resident migrates to another country then the benefits would discontinue.
  • There are certain documents required for opening the account and this includes ID proof of parents, Birth Certificate of Child and Address Proof of parents.

Read also: Pradhan Mantri Kaushal Vikas Yojana

How to apply for Sukanya Samriddhi Yojana?

Applying for the scheme is quite simple and you can simply visit any of the nearest banks to apply for the scheme. Once you visit the bank, you can go ahead and obtain a form for opening Sukanya Samriddhi Bank Account. Fill in the bank account and attach the necessary documents to open the account.

Read also: Pradhan Mantri Ujjwala Yojana

What are the benefits of Sukanya Samriddhi Yojana?

The benefits of the scheme are mentioned below –

  • The scheme will certainly help the country in balancing the sex ratio and the girl child would not be seen as a burden anymore.
  • The scheme will ensure that the girl child completes her Education and there are still enough funds for her marriage.
  • In addition to the benefits stated above, the scheme would also ensure that there are no cases of child marriage.

Who will back the plan?

The plan is being backed by the central government and the bank are participating in the scheme to make it a success.

Details of the scheme

Scheme Name – Sukanya Samriddhi Yojana

Budget For scheme – NA

Scheme Launched by – Mr. Narendra Modi

Is this the way forward for the nation?

This is certainly a unique scheme which is going to benefit the country in the long run. In addition to this, the scheme comes as a two-way benefit as the amount invested in the bank can be used by the government for the development of the country. This would certainly help the parents of the girl child in coping up with the expenses of the marriage and the education as well.

Read also: Pradhan Mantri Mudra Yojana (PMMY)

Sukanya Samriddhi Yojana - How to Apply, Eligibility Guidelines
  • Sukanya Samriddhi Yojana - How to Apply, Eligibility Guidelines


Sukanya Samriddhi Yojana - Here are all the details about the Sukanya Samriddhi scheme like How to Apply, Eligibility Guidelines, interest rate, online form and much more.

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