List of Banks Offering Sukanya Samriddhi Yojana

Overview of the Sukanya Samriddhi Yojana

The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched in 2015 as part of the “Beti Bachao, Beti Padhao” initiative to support the financial security and future of the girl child in India. The scheme allows parents or guardians to open an account for a girl child below 10 years of age at any designated bank or post office, with a minimum deposit of just ₹250. SSY offers a high interest rate currently 8.2% per annum, which is reviewed quarterly and is among the highest for small savings schemes

**Note: Tax benefit is subject to changes in tax laws.

List of Banks Offering Sukanya Samriddhi Yojana

Listed below are the names of the banks that offer the Sukanya Samriddhi Yojana to all eligible individuals:

• State Bank of India

• Bank of Maharashtra

• ICICI Bank

• Punjab National Bank

• Indian Overseas Bank

• Bank of Baroda

• UCO Bank

• Central Bank of India

• Canara Bank

• Axis Bank

• Union Bank of India

• Indian Bank

• Punjab and Sind Bank

• IDBI Bank

• Bank of India

Investment

Secure

Secure your child’s future with or without you

Start Investing

₹10,000/Month

& Get

₹1 Crore^*

VIEW PLANS

*Standard T & C Apply

How to Open the Sukanya Samriddhi Yojana Account?

Anyone who wishes to benefit from the Sukanya Samriddhi Yojana scheme needs to open an account in the name of a girl child. The Sukanya Samriddhi Yojana account can be opened with authorized banks or post offices with 2 methods.

1. Offline:

   Anyone who is taking the offline route needs to visit the branch physically to open the SSY account. Once at the branch, fill in the Sukanya Samriddhi Yojana scheme application. Submit the form with all relevant documents and deposit. Once the form and attached documents are verified by the bank, the SSY account will be opened.

2. Online:

   Opening an account at a bank branch:

   • Visit any authorized bank branch or post office offering SSY accounts.

   • Collect and fill out the SSY account opening form.

   • Submit the required documents along with the form and a photograph. These documents typically include:

   • SSY Account Opening Form

   • Birth certificate of the girl child

   • Identity proof and residence proof of the guardian (as per KYC guidelines)

   • Make the initial deposit (minimum Rs. 250, maximum Rs. 1.5 lakh in a financial year).

You can manage the SSY account online through the bank's website.

People also read: Best Child Plan

Eligibility Criteria to Open a Sukanya Samriddhi Yojana Account

To open a Sukanya Samriddhi Yojana (SSY) account at any authorized bank or post office, the following eligibility criteria must be met:

• Only parents or legal guardians of a girl child can open an SSY account.

• The girl child must be below 10 years of age at the time of account opening.

• The girl child must be an Indian citizen and resident in India.

• Only one SSY account can be opened in the name of a girl child.

• A maximum of two SSY accounts are allowed per family (one for each girl child). Exceptions are made for twins or triplets, where up to three accounts may be permitted with proper documentation.

• An initial deposit of at least ₹250 is required to open and maintain the account.

• Compulsory Documents: Birth certificate of the girl child, KYC documents (identity and address proof) of the parent or guardian, SSY account opening application form

Documents Required to Open the Sukanya Samriddhi Yojana Account

The following documents are required to open the Sukanya Samriddhi Yojana account:

• The duly filled application form

• The certificate of birth of the beneficiary (girl child)

• An address of evidence and identity for the parent/ guardian

• The passport-size photographs

Important Points About Sukanya Samriddhi Yojana

• Attractive interest rates (currently 8.2% as of January-March 2026).

• Deposits qualify for deductions under Section 80C of the Income Tax Act, and the interest earned is tax-free.

• 21 years from opening or upon marriage after the girl turns 18 (whichever is earlier).

• Serves long-term investment objectives with the power of compounding.

• Being a government-backed scheme, it is safe and offers guaranteed returns.

• It can be transferred from one post office/ bank to any other within the country.

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 Samridhi Yojana

Kotak Bank Sukanya Samriddhi Account

Bank of Maharashtra Sukanya Samriddhi Yojana

Andhra Bank Sukanya Samriddhi Account

UCO Bank Sukanya Samriddhi Yojana

IDBI Bank Sukanya Samriddhi Yojana

Allahabad Bank Sukanya Samriddhi Yojana

Central Bank of India Sukanya Samriddhi Yojana

Indian Bank Sukanya Samriddhi Yojana

Union Bank of India Sukanya Samriddhi Yojana

Axis Bank SSY (Sukanya Samriddhi Yojana)

Canara Bank Sukanya Samriddhi Yojana

PNB Bank SSY (Sukanya Samriddhi Yojana)

Bank of Baroda Sukanya Samriddhi Yojana

ICICI Bank Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana HDFC

SBI Sukanya Samriddhi Yojana

Expand

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

Sukanya Samriddhi Yojana Calculator – Punjab National Bank

Sukanya Samriddhi Yojana Calculator - Indian Overseas Bank

Sukanya Samriddhi Yojana Calculator - Bank of Baroda

Sukanya Samriddhi Yojana Calculator ICICI

Expand

Conclusion

Anyone who has a daughter should start planning for their future by investing in the Sukanya Samriddhi Yojana savings scheme. This savings scheme will not only let one earn guaranteed returns but also create a tax-efficient corpus to fund the higher education or any other expenses of the daughter without any financial strain.