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.

Read more
Investing in your child's future:A wise decision & a loving choice
  • Insurer pays premium in case of loss of life of parent

  • Create wealth for child’s aspirations

  • Tax Free maturity amount+

  • 12+ plans available

  • Insurer pays premium in case of loss of life of parent

  • Create wealth for child’s aspirations

  • Tax Free maturity amount+

  • 12+ plans available

Nothing Is More Important Than Securing Your Child's Future

Invest ₹10k/month your child will get ₹1 Cr Tax Free*

+91
Secure
We don’t spam
Please wait. We Are Processing..
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company
Get Updates on WhatsApp
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

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.

  1. 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.

  2. 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.

  3. 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%

Yearly Investment

You can invest maximum upto ₹1,50,000

Girl's Age

Maximum age should be 10 years
Yrs

Start Year

Investment term is 21 years
Total Investment
Total Interest
Total Investment

Total Interest

Maturity Year

Maturity Value

Amount you will get
Explore Tax Saving Funds

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.

Benefits Offered by Axis bank SSY

Here are some of the benefits offered by the  Axis Bank SSY.

  • Axis Bank SSY offers a high-interest rate of 7.6% compounded annually.

  • Tax exemptions can be availed as EEE (exempt, exempt, exempt) format U/S 80C of the IT Act.

  • If the account holder relocates to another city, then they can transfer the account to any other post-office or bank.

  • 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.

  • SSY account opening form

  • Girl child birth certificate.

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

  • KYC documents (Address proof/identity proof) of the girl child.

Invest More Get More
Invest ₹10K/Month YOU GET ₹1 Crores* For Your Child View Plans
Invest ₹8K/Month YOU GET ₹80 Lakhs* For Your Child View Plans
Invest ₹5K/Month YOU GET ₹50 Lakhs* For Your Child View Plans
Standard T&C Apply *

Eligibility Criteria of Axis Bank SSY

The following are the eligibility criteria of the scheme.

  • 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.

  • The contribution period for SSY is 15 years.

  • The account holder has to be a citizen of India

  • 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.

  • Get the account opening form from the branch office and enter all the required details.

  • Submit all the required documents along with the photos.

  • Deposit the minimum amount of Rs 250

  • Once the account is active, the subscriber can deposit the amount by cash, cheque or demand draft.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

child plan investment

Investment

child plan secure

Secure

Secure your Child’s
Career Goal
Start Investing ₹10,000/Month
& Get ₹1 Crore*
*Standard T & C Apply
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Child Plan3
Child Plan4

Child plans articles

Recent Articles
Popular Articles
Ladli Behna Yojana

25 Sep 2023

The Ladli Behna Yojana is a Madhya Pradesh government initiative
Read more
Importance of Child Education

01 Sep 2023

Education is the cornerstone of a nation's development, and when
Read more
Children Education Allowance

01 Sep 2023

The Children Education Allowance is a government welfare program
Read more
Post Office Scheme for Boy Child

18 Jul 2023

The Post Office Savings Scheme in India offers a wide range of
Read more
Ponmagan Podhuvaippu Nidhi Scheme (PPNS)

24 May 2023

Post Office Ponmagan Podhuvaippu Nidhi scheme is a social
Read more
Top 12 Government Schemes for Girl Child
Top 12 Government Schemes for Girl Child Government schemes for the girl child are a vital aspect of social welfare
Read more
Best Child Investment Plans to Invest in 2023
Planning for the child’s secured future is not an easy task. Most of the people try to create a strong financial
Read more
Best Investment Plans for Girl Child in India
Investing in the future of a girl child is one of the most important financial decisions a parent or guardian can
Read more
Prime Minister Schemes For Boy Child
Like the Prime Minister’s Sukanya Samriddhi Yojana savings scheme for a girl child, there are several
Read more
Post Office Scheme for Boy Child
The Post Office Savings Scheme in India offers a wide range of investment options that provide secure and
Read more

top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL