How to Open a Sukanya Samriddhi Account Online in The Post Office?

If you are looking to save money for your girl child's future, the Sukanya Samriddhi Yojana is the ideal choice for you. The Sukanya Samriddhi Yojana is a scheme introduced by the Government of India as a small savings plan for the benefit of a girl child below ten years of age. Sukanya Samriddhi Yojana is a fragment of the Beti Bachao Beti Padhao Yojana, backed by the government for the young girls. The tenure for the Sukanya Samriddhi Yojana is up to 21 years or till the marriage of the girl child.

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How to Open a Sukanya Samriddhi Account?

According to the guidelines provided by the government, the interest rates for small savings schemes have remained unchanged in the first quarter of the year 2021. You can easily open a Sukanya Samriddhi account and manage it online with the help of the India Post Payments Bank application.

The money deposited in the Sukanya Samriddhi Account can be used to avail tax deductions as per the provisions of the Income Tax Act of 1961. The rate of returns in the case of  Sukanya Samriddhi Yojana is 7.6% which is considerably high compared to other Government-backed schemes such as Public Provident Fund (PPF).

The Indian Post Office provides an easy way to open a Sukanya Samriddhi Account. Even for those of you who do not have a post office account, the process of account opening is hassle-free. You can open a Sukanya Samriddhi Account in the Post Office using the following process:

  • Download the Sukanya Samriddhi Account form from the online Reserve Bank of India portal. 

  • Read the form carefully and fill it, without leaving any important detail.

  • Gather all the required documents. Also, ensure the validity of all the documents. 

  • Deposit the minimum amount of funds required to commence the Sukanya Samriddhi Account.

  • Finally, submit the form along with the documents and the minimum deposit in the Post Office.

The Sukanya Samriddhi Account form requires basic information regarding the girl child for the investment. Also, you have to provide information about the parent/guardian who would be opening the account on behalf of the girl child. Once your account is opened, you can start making your investments and deposit money through cash, cheques, or Demand Drafts.

Post Office Sukanya Samriddhi Yojana Calculator

Latest SSY Interest Rate = 8%

Yearly Investment

You can invest maximum upto ₹1,50,000

Girl's Age

Maximum age should be 10 years

Start Year

Investment term is 21 years
Total Investment
Total Interest
Total Investment

Total Interest

Maturity Year

Maturity Value

Amount you will get
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What Documents Are Required for Opening a Sukanya Samriddhi Account?

At the time of account opening, you have to submit the following documents:

  • A duly filled Sukanya Samriddhi Yojana account form

  • Birth Certificate of the girl child. The certificate would be the proof of identity and name for the girl child.

  • Photograph of the parent/legal guardian of the girl child.

  • KYC documents such as identity proof, address proof, etc., of the parent/legal guardian of the girl child.

  • Initial deposit amount through cash, cheque, or demand draft

The Government of India allows only two accounts per family under the Sukanya Samriddhi Yojana. This is an exception in the case of twins and triplets, where you can open a maximum of 3 accounts. 

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Facts About Sukanya Samriddhi Account

Basis  Details 
Interest Rates 7.6% per annum as per the financial year Q1 2021-22
Age Criteria Less than 10 years of age
Maturity Period 21 years or till the girl child's marriage after she attains the age of 18
Minimum Deposit Amount Rs 250
Maximum Deposit Amount Rs 1.5 lacs
Taxability  Tax deductions are available under Section 80C of the Income Tax Act of 1961. 

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More facts about the Sukanya Samriddhi Yojana are listed below:

  • After the maturity period, the Sukanya Samriddhi post office account does not earn any interest on the deposit.

  • The girl child must be a resident of India.

  • The minimum tenure of the scheme is 14 years to keep the scheme in an active state.

  • You have to maintain a minimum amount of Rs 250. If you fail to do so, you have to pay a penalty of Rs 50.

In Conclusion

The Sukanya Samriddhi Yojana, designed by the Indian government, is a small investment scheme for the future betterment of girls below 10 years. Being a fragment of the government's Beti Bachao Beti Padhao Yojana, it secures a promising future for young girls. The application process for this scheme is easy and simple. 


  • What are the tax implications of the Sukanya Samriddhi Yojana?

    As per the Income Tax Act, 1961, all the SSY investments are EEE (Exempt, Exempt, Exempt). The account holder would receive tax deduction benefits under this scheme up to Rs 1.5 lacs per annum. Disclaimer: Tax benefit is subject to changes in tax laws.
  • What is the process of transferring money in my post office Sukanya Samriddhi Account through the India Post Payments Bank?

    The following are the steps involved if you want to transfer your money to your post office SSA through IPPB:
    • Add funds to your IPPB account from your bank account.
    • Navigate through the website and select Sukanya Samriddhi Account.
    • Enter your SSY account number and customer ID.
    • Now, choose the amount you want to pay as your installment.
    • Also, select the duration of each installment.
    • After payment is successful, IPPB will send you a notification as confirmation.
  • Does SSY offer a facility for partial withdrawal? What are its rules?

    Yes, a partial withdrawal facility is available under the SSY scheme. However, the facility would come into action only after the girl child attains the age of 18 years. After that, 50% of funds are available for withdrawal from the post office SSA.
  • Would I be able to earn more interest if I deposit more than the maximum limit?

    No, funds deposited exceeding the maximum limit of Rs 1.5 lacs would not earn any interest. The depositor could withdraw the excess amount at any time.
  • I want to transfer my bank SSA to my post office. Can I do this?

    Yes, transferring SSA from banks to post offices or vice versa is possible. The transfer is free of cost. The only requirement is proof of a change of residence which you have to submit. Failure in showing the proof would mean a charge of Rs 100.

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^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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