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Axis Bank SSY (Sukanya Samriddhi Yojana)
Sukanya Samriddhi Yojana (SSY) is a government-initiated savings scheme, which is specifically designed to secure the financial future of the girl child. With the low-cost investment, tax benefit and a high-interest rate of 7.6%, the Sukanya Samriddhi Yojana is one of the best investment option to ensure the financial security of the girl child. The account can be opened by the legal guardian/ parent of the girl child under the name of there daughter before she attains 10 years of age.
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Invest ₹10k/month your child will get ₹1 Cr# Tax-Free*
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Sukanya Samriddhi Yojana
- Axis Bank SSY (Sukanya Samriddhi Yojana)
The account can be opened at any Axis Bank Branch. Let’s read further to know in detail about Axis Bank SSY.
Features of Axis Bank SSY
Let’s take a look at some of the salient features of Axis Bank SSY.
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Opening of Account
The plan can be opened by the legal guardian/parent of the girl child who is a resident of India. An individual can open up to a maximum of two accounts in the name of each girl child before she turns the age of 10 years. In the case of triplet, the third girl child account can be considered.
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Term Period
Axis Bank SSY comes with a tenure of 21 years or until the marriage of the girl child after she attains 18 years of age. The 21 years of tenure is applicable from the date of opening of the account.
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Deposit Amount
The Sukanya Samriddhi Yojana account can be opened with a minimum deposition of Rs. 1000/-. The individual can invest up to a maximum of Rs. 1.5 lakh in a financial year. The deposits can be made any number of times in multiple of Rs.100/- only. The subscriber can make the contribution at least once every year, till the completion of 15 years from the date of policy initiation. The deposition can be made in form of cash, cheque or internet banking.
People also read: Child Education Plan
Axis Bank Sukanya Samriddhi Yojana Calculator
Latest SSY Interest Rate = 8.2%Yearly Investment
You can invest maximum upto ₹1,50,000₹
Girl's Age
Maximum age should be 10 yearsYrs
Start Year
Investment term is 21 yearsTotal Investment
Total Interest
Total Investment
Total Interest
Maturity Year
Maturity Value
Amount you will get
Partial withdrawal
Once the girl attains the age of 18 years, she can make a partial withdrawal from the Axis Bank SSY. Up to 50% of the accumulated fund is allowed for withdrawal. The withdrawal amount can be used for the higher education of the girl child or for her marriage.
Banks Offering SSY
SSY Calculators
Indian Overseas Bank Sukanya Samriddhi Yojana
IndusInd Bank Sukanya Samriddhi Yojana
Yes Bank Sukanya Samriddhi Yojana
Bank of India Sukanya Samriddhi Yojana
Kotak Bank Sukanya Samriddhi Account
Bank of Maharashtra Sukanya Samriddhi Yojana
Andhra Bank Sukanya Samriddhi Account
UCO Bank Sukanya Samriddhi Yojana
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Indian Bank- Sukanya Samriddhi Yojana Calculator
Sukanya Samriddhi Yojana- Central Bank of India Calculator
Canara Bank- Sukanya Samriddhi Yojana Calculator
Bank of Maharashtra- Sukanya Yojana Calculator
Sukanya Samriddhi Yojana Calculator Bank of India
Sukanya Samriddhi Yojana Calculator - Union Bank
Sukanya Samriddhi Yojana Calculator-UCO Bank
Sukanya Samriddhi Yojana Calculator - State Bank of India
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Benefits Offered by Axis bank SSY
Here are some of the benefits offered by the Axis Bank SSY.
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Axis Bank SSY offers a high-interest rate of 7.6% compounded annually.
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Tax exemptions can be availed as EEE (exempt, exempt, exempt) format U/S 80C of the IT Act.
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If the account holder relocates to another city, then they can transfer the account to any other post-office or bank.
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Axis Bank SSY can be opened by any individuals who are the resident of India.
Documents Required to Open Axis Bank SSY
Here are the important documents that should be kept handy while opening Sukanya Samriddhi Yojana Account.
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SSY account opening form
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Girl child birth certificate.
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Photograph of legal guardian/parents of the girl child.
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KYC documents (Address proof/identity proof) of the girl child.
Invest More Get More
Invest ₹10K/Month YOU GET ₹1 Crores* For Your Child
Invest ₹8K/Month YOU GET ₹80 Lakhs* For Your Child
Invest ₹5K/Month YOU GET ₹50 Lakhs* For Your Child
Standard T&C Apply *
Eligibility Criteria of Axis Bank SSY
The following are the eligibility criteria of the scheme.
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The Sukanya Samriddhi Yojana account can be opened by the legal guardian/parent of the girl child before she attains the age of 10 years.
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The contribution period for SSY is 15 years.
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The account holder has to be a citizen of India
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A maximum of two accounts can be opened in the name of each girl child. The third account can only be opened in case of the triplet.
Process of Opening Axis Bank Sukanya Samriddhi Yojana Account
To open the Axis Bank Sukanya Samriddhi Yojana, the individual will need to follow these steps.
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Get the account opening form from the branch office and enter all the required details.
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Submit all the required documents along with the photos.
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Deposit the minimum amount of Rs 250
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Once the account is active, the subscriber can deposit the amount by cash, cheque or demand draft.
Investment
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Secure your Child’s
Career Goal
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Start Investing ₹10,000/Month
& Get ₹1 Crore*
*Standard T & C Apply
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^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.