HDFC Bank Sukanya Samriddhi Yojana

Features and Benefits of HDFC Bank Sukanya Samriddhi Yojana

The key features and benefits of the Sukanya Samriddhi Yojana are listed below:

• Eligibility:
  • An SSY account can be opened by parents or legal guardians for a girl child below 10 years of age
  • Only one account per girl child is allowed.
  • Parents or legal guardians must operate the account till the girl child reaches 18 years of age; the girl can operate the account by herself upon turning 18 years old.
  • A family can open accounts for a maximum of two daughters.
• Where to Open:
  • You can apply at HDFC branches across India
• Tenure:
  • The SSY account matures after 21 years from the date of account opening.
  • An account can be prematurely closed in case of the marriage of the girl child upon turning 18.
• Deposits:
  • You can deposit a minimum amount of ₹250 and a maximum of ₹1.5 lakh in a financial year in an SSY account.
  • Deposits in the HDFC Sukanya Samriddhi account can be made via cash, cheque or Net banking.
• Tax Benefits and Interest Rate:
  • Provides an attractive interest rate of 8.2% per annum (Quarter 3, 2026-27).
  • Tax benefits on deposits of up to ₹1.5 lakh per year under Section 80C under the Old Tax Regime.
  • Interest earned and maturity proceeds are completely tax-free.
• Partial Withdrawal:
  • Up to 50% of the balance can be withdrawn when the girl turns 18 or passes Class 10th, for higher education and the marriage of the girl.
• Account Continuity:
  • You can keep your Sukanya Samriddhi Yojana HDFC Bank account active by depositing at least ₹250 per year.
  • In case deactivated, the HDFC Bank Sukanya Samriddhi Yojana account can be activated by paying the penalty amount of ₹50 and the deposit amount for each defaulted year.

Using the HDFC Sukanya Samriddhi Yojana Calculator

You can use the HDFC Sukanya Samriddhi Yojana calculator to get the estimated maturity amount and plan your contributions in the scheme effectively. To be able to use the SSY calculator, you have to enter the following details in the calculator:

• Annual amount to be invested
• The girl child’s age
• The year you want to begin investing

After factoring in the above details and applying the latest SSY interest rate, the calculator will provide the following results:

• Total invested amount
• Total interest earned
• Maturity amount and maturity year

Example: If you start investing ₹12,000 in a year in the HDFC Bank Sukanya Samriddhi Yojana account in 2026 and your daughter is 1 year old, the Sukanya Samriddhi Yojana calculator will show the following results:

Total invested amount: 1.8 lakh

Interest earned: ₹3.9 lakh

Maturity amount: ₹5.7 lakhs (in 2047)

How to Open an HDFC Bank Sukanya Samriddhi Yojana Account?

You cannot open an SSY account online at HDFC Bank. To open an HDFC Sukanya Samriddhi Yojana account, follow the steps mentioned below:

• Visit your nearest HDFC branch and collect the SSY account opening form.
• Fill out the application form carefully
• Attach required documents such as the girl child’s birth certificate, your ID, address proof, and passport-sized photos with the application.
• Submit the form and deposit a minimum amount of ₹250 or more through accepted payment methods.
• Upon confirmation, you will receive a passbook

Documents Required to Open an HDFC Sukanya Samriddhi Account

The following documents will be required to open an HDFC Bank Sukanya Samriddhi Yojana account:

• SSY account opening form
• Birth certificate of the girl child
• Passport-sized photographs
• ID proof of the parents or legal guardians
• Address proof of parents or legal guardians

Investment

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Secure your child’s future with or without you

Start Investing

₹10,000/Month

& Get

₹1 Crore^*

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*Standard T & C Apply

HDFC Bank Sukanya Samriddhi Yojana Historical Interest Rate

The Sukanya Samriddhi Yojana interest rate over a 10-year period is shown in the table below: