Sukanya Samriddhi Yojana is a small savings scheme that has been declared by the Indian government and is exclusively for the girl child. The Sukanya Samriddhi Yojana is a segment of the campaign of the Indian government, ‘Beti Bachao, Beti Padhao’, which is also known as the BBBP campaign.
The prime focus of the Sukanya Samriddhi Yojana is to encourage the parents or the guardians of girls to create a corpus for a better future and able to manage the expenses in regards to her education, marriage, and so forth. The parents of the girl child should ideally consider opening the Sukanya Samriddhi Yojana HFDC account and start saving for the secured tomorrow of the girl.
Invest in the Sukanya Samriddhi Yojana HDFC and gift a secured future to the daughter. Anyone interested should also use the Sukanya Samriddhi Yojana calculator that would help to determine the returns that would be received as per the invested sum and tenure.
Yearly InvestmentYou can invest maximum upto ₹1,50,000
Girl's AgeMaximum age should be 10 years
Start YearInvestment term is 21 years
The Sukanya Samriddhi Yojana has been designed such that it provides a bright and secured future to the girl child. The following are the key features of the HDFC Sukanya Samriddhi Yojana:
The following are the key advantages of the HDFC Sukanya Samriddhi Yojana:
When it comes to joining this scheme there is a lot of flexibility. One can easily open the HDFC Sukanya Samriddhi Yojana account and thereafter start making the regular deposits.
One of the key highlights of the Sukanya Samriddhi Yojana account is the default lock-in period until the girl turns 21 years of age. The only time wherein the account will no longer be held is when the girl is married after attaining the legal age. The account permits for premature withdrawal, which is limited to 50 per cent of the complete amount when the girl child attains 18 years of age to complete further education and is limited.
The prime objective of this scheme is to enable girls to fulfil life objectives such as education and marriage. It simply cannot be withdrawn by the parents for personal use. The maturity benefits and the sum in the account can be accessed only by the child.
The SSY offers one of the highest interest rates when compared to any other saving schemes in India. The rate of interest is compounded yearly and provides healthy returns over time.
In case the amount is not withdrawn from the account even after the maturity, one can still earn interest.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
To open the HDFC Sukanya Samriddhi Yojana account, the following documents will be required:
To open the HDFC Sukanya Samriddhi Yojana account, follow the steps mentioned below:
As of now, neither any bank nor the post offices permit to open the Sukanya Samriddhi Yojana account online. However, once the account is opened after the submission of the documents, the standard instructions can be set online.
In case the deposits are not made each year, the account will likely fall within ‘Account under Default’. This account will only be reactivated by paying Rs 50 as a fine each year. The reactivation might happen until 15 years from the opening account.
Anyone can open the Sukanya Samriddhi Yojana Account with HDFC Bank.
This account can easily be opened by a natural or even the legal guardian of the girl child who attains the age of ten years. The girl child needs to be an Indian citizen. The birth certificate of the girl child in whose name the account is being opened also needs to be submitted. The depositor can only open and operate one account in the girl child's name within the scheme rules.
The natural or legal guardian of the girl child is permitted to open the account for only two girl children.
The account will mature with the completion of 21 years. Upon maturity, the HDFC bank will provide the deposits and the proceeds once the following documents have been provided to the bank: