Please wait. We Are Processing..

List of Banks Offering Sukanya Samriddhi Yojana

The Sukanya Samriddhi Yojana is a small saving scheme that is regulated by the government of India for the well-being of a girl child. Anyone who wishes to open a Sukanya Samriddhi Yojana account can do so with any authorized banks in India.

The banks in India have been given authority by the Indian government to open the Sukanya Samriddhi Yojana account with a minimum deposit sum of Rs 250.

Sukanya Samriddhi Yojana Calculator
Latest SSY Interest Rate = 7.6%

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

Brief Overview- Sukanya Samriddhi Yojana

The Sukanya Samriddhi Yojana aims to help the parents to save for a girl child. These savings could be helpful at the time of completing education, marriage, etc. The Sukanya Samriddhi Yojana was implemented in 2015, January 22 within the campaign Beti Bacho, Beti Padhao.

The account of Sukanya Samriddhi Yojana can be easily opened by the parent or guardian of a girl child. This savings scheme is for a girl child aged up to 10 years and for up to 21 years of age. The maximum deposit can go up to Rs 1.5 lakh each year within the Sukanya Samriddhi Yojana The SSY also comes along with the EEE tax feature within Section 80C. The premature withdrawal of the funds is only permissible when the girl attains 18 years of age.

The Sukanya Samriddhi Yojana account likewise will mature after 21 years of age. The Sukanya Samriddhi Yojana account offers an interest rate of 7.60 per cent. One can also use the Sukanya Samriddhi Yojana calculator and calculate the maturity sum at the end of the term. Using the Sukanya Samriddhi Yojana calculator will help to find the approximate save through this scheme for the bright future of a girl child.

Benefits of the Sukanya Samriddhi Yojana Account

The table below shows the benefits of opening the Sukanya Samriddhi Account:

Financial Objective Serves the long-term investment objectives along with the power of compounding.
Security Safe and offers guaranteed returns as the scheme is government-backed.
Deposit The flexibility to invest with the minimum deposit of Rs 250 and Rs 1.5 lakh to the maximum each year.
Transfer It can be transferred from one post-office/ bank to any other within the country.
Tax It is entitled to tax deduction up to Rs 1.5 lakh within Section 80C.

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

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 name of a girl child. The Sukanya Samriddhi Yojana account can be opened with either the authorized banks or the nearby post offices.

Moreover, the RBI has approved a total of 28 banks that offers the facility to open the Sukanya Samriddhi Yojana account. Further, we have compiled the list of banks that offers Sukanya Samriddhi Yojana Account.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

List of Banks Offering Sukanya Samriddhi Yojana

Listed below are the names of the bank, which offers Sukanya Samriddhi Yojana account to all the eligible individuals:

    • Allahabad Bank Sukanya Samriddhi Yojana

      As per the laid guidelines by the Indian government, anyone can open the Allahabad Sukanya Samriddhi Yojana account in the name of a girl child within the age of ten years. The investment in the Allahabad Sukanya Samriddhi Yojana account can begin with the minimum sum of Rs 250.

    • Andhra Bank Sukanya Samriddhi Yojana

      The process of opening the Andhra Bank Sukanya Samriddhi Yojana account is not at all
      tedious and is easy. With effect from 2020, April 01, the Andhra Bank Sukanya Samriddhi Yojana account has also merged with the Union Bank Sukanya Samriddhi Yojana account. The contributions made to the SSY account will grow at pre-defined rates and will be locked-in until the girl turns 21 years.

    • Axis Bank Sukanya Samriddhi Yojana

      The Axis Bank Sukanya Samriddhi Yojana account is for the benefit of every girl child. This saving scheme encourages the parents to save for the child and meet the financial needs at the right time. The Axis Bank Sukanya Samriddhi Yojana account can be either opened by the parent or even the guardian of the child and accordingly follow the steps.

    • Bank of Baroda Sukanya Samriddhi Yojana

      The Bank of Baroda Sukanya SamrIddhi Yojana account helps the parents of a girl child to save aside some fund that would help to meet the future objectives and accomplish dreams. The procedure to open the Bank of Baroda Sukanya Samriddhi Yojana account is not cumbersome rather is easy and helps the parents to create a corpus for the girl child.

    • Bank of India Sukanya Samriddhi Yojana

      The Bank of India Sukanya Samriddhi Yojana ensures the financial security of the future of the girl child. The Bank of India Sukanya Samriddhi Yojana account permits the deposit for up to Rs 1.5 lakh every year and likewise has a maturity age linked to the age of the girl child.

    • Bank of Maharashtra Sukanya Samriddhi Yojana

      With opening the Bank of Maharashtra Sukanya Samriddhi Yojana account, the parents need not worry about the expenses in regards to the future of the girl child. The Bank of Maharashtra Sukanya Samriddhi Yojana takes care of the necessary expenditure and the girl child does get an assured sum.

    • Canara Bank Sukanya Samriddhi Yojana

      The Canara Bank Sukanya Samriddhi Yojana empowers every girl child and enables them to meet future objectives. From the date of the beginning of the deposit, the Canara Bank Sukanya Samriddhi Yojana deposit term is until 21 years of age.

    • Central Bank of India Sukanya Samriddhi Yojana

      The Central Bank of India Sukanya Samriddhi Yojana offers not just flexibility but also affordability. There are various other benefits of Central Bank of India Sukanya Samriddhi Yojana when compared to other similar schemes of deposit available in the market that makes it more preferred.  

    • Corporation Bank Sukanya Samriddhi Yojana

      With effect from 2020, April 01, the Corporation Bank Sukanya Samriddhi Yojana account has also merged with the Union Bank Sukanya Samriddhi Yojana account. The Corporation Bank Sukanya Samriddhi Yojana scheme has surely helped to improve the status of the girl child and reached both the rural and urban areas of the nation.

    • Dena Bank Sukanya Samriddhi Yojana

      The Dena Bank Sukanya Samriddhi Yojana ensures that the investment reaches the maximum potential and assures the financial safety of the child's future. The Dena Bank Sukanya Samriddhi Yojana account promotes to save money focusing on the girl child.

    • ICICI Bank Sukanya Samriddhi Yojana

      With opening the ICICI Bank Sukanya Samriddhi Yojana account, the parents should not worry about the expenditure in regards to the bright future of the girl child. The ICICI Bank Sukanya Samriddhi Yojana will act as the financial safety cushion for the girl child and enable them to follow passion without any worries.

    • IDBI Bank Sukanya Samriddhi Yojana

      The biological parent or the guardian of the girl child can open the IDBI Bank Sukanya Samriddhi Yojana account. Until the girl child reaches 18 years of age, no partial withdrawal can be made with IDBI Bank Sukanya Samriddhi Yojana account.

    • Indian Bank Sukanya Samriddhi Yojana

      The Indian Bank Sukanya Samriddhi Yojana ensures the financial protection of the future of the girl child. The investment in the Indian Bank Sukanya Samriddhi Yojana can begin with a minimum sum of Rs 250. The investment towards this savings scheme is also entitled to tax exemptions within Section 80C.

    • Indian Overseas Bank Sukanya Samriddhi Yojana

      The Indian Overseas Bank Sukanya Samriddhi Yojana account is one prime option to safeguard the future of a girl child. The premature closure is permitted after eighteen years of operation when the girl is married. The contributions made to the Indian Overseas Bank Sukanya Samriddhi Yojana account will grow at pre-defined rates.

    • Oriental Bank of Commerce Sukanya Samriddhi Yojana

      With effect from 2020, April 01, the Oriental Bank of Commerce Sukanya Samriddhi Yojana account has also merged with the Punjab National Bank Sukanya Samriddhi Yojana account. The Oriental Bank of Commerce Sukanya Samriddhi Yojana account is beneficial for the girl child also the account can be easily continued even after the lock-in period has expired and enjoy to earn the returns.

    • Punjab and Sind Bank Sukanya Samriddhi Yojana

      The best choice ensuring the security of the girl child is to open the Punjab and Sind Bank Sukanya Samriddhi Yojana account. This will act as financial support to the girl child and help to fulfil her dreams and come out with flying colours of success.

    • Punjab National Bank Sukanya Samriddhi Yojana

      Adhering to the rules by the government of India, anyone is allowed to open the Punjab National Bank Sukanya Samriddhi Yojana account for the benefit of the girl child. The Punjab National Bank Sukanya Samriddhi Yojana account can be easily opened under the name of the girl child by the biological parents or a guardian.

    • State Bank of Bikaner and Jaipur Sukanya Samriddhi Yojana

      The State Bank of Bikaner and Jaipur Sukanya Samriddhi Yojana offers an opportunity to plan for the financial future of the girl child in advance and secure the bright future that would be helpful to achieve the ambitions. The State Bank of Bikaner and Jaipur Sukanya Samriddhi Yojana is an effective scheme for financially securing the prospective times of the girl child.

    • State Bank of Hyderabad Sukanya Samriddhi Yojana

      Opening the State Bank of Hyderabad Sukanya Samriddhi Yojana account is simple. To open the State Bank of Hyderabad Sukanya Samriddhi Yojana account, submit all the documents and fill the request form carefully. Make the initial deposit either by draft or cheque into the account.

    • State Bank of India Sukanya Samriddhi Yojana

      The State Bank of India Sukanya Samriddhi Yojana promotes the welfare of the girl child. Right from the opening of the State Bank of India Sukanya Samriddhi Yojana account date, the term of the deposit is twenty-one years. The maximum term up to, which the deposits is allowed to make is 15-years from the opening date of the account.

    • State Bank of Mysore Sukanya Samriddhi Yojana

      The State Bank of Mysore Sukanya Samriddhi Yojana account aim is ensuring the financial independence of female by simply encouraging investing in such savings scheme that would help to fulfil any long-term life objectives such as higher education, marriage, and so forth.

    • State Bank of Patiala Sukanya Samriddhi Yojana

      The State Bank of Patiala Sukanya Samriddhi Yojana ensures the financial stability of the girl child. It also offers tax benefits under Section 80C. The State Bank of Patiala Sukanya Samriddhi Yojana is easily accessible to one and all. Upon the untimely demise of the account holder, the account can be prematurely closed.

    • State Bank of Travancore Sukanya Samriddhi Yojana

      The State Bank of Travancore Sukanya Samriddhi Yojana ensures the financial safety of the future of the girl child. The State Bank of Travancore Sukanya Samriddhi Yojana account can be either opened by the parent or the guardian of the child, duly follow the steps and benefit from it.

    • Syndicate Bank Sukanya Samriddhi Yojana

      With effect from 2020, April 01, the Syndicate Bank Sukanya Samriddhi Yojana account has also merged with the Canara Bank Sukanya Samriddhi Yojana account. The Syndicate Bank Sukanya Samriddhi Yojana account can easily be opened with the minimum deposit of Rs 250 by the biological parent or the presumptive heir of the girl child.

    • UCO Bank Sukanya Samriddhi Yojana

      The UCO Bank Sukanya Samriddhi Yojana account helps to provide a better future to the girl child. The UCO Bank Sukanya Samriddhi Yojana somewhat empowers the female population of the nation. This account is exclusively meant for the girl child and acts as the financial safety net for a better tomorrow.

    • United Bank of India Sukanya Samriddhi Yojana

      With effect from 2020, April 01, the United Bank of India Sukanya Samriddhi Yojana account has also merged with the Punjab National Bank Sukanya Samriddhi Yojana account. The United Bank of India Sukanya Samriddhi Yojana helps to secure the future of the girl child and give wings to dream and fly higher.

    • Union Bank of India Sukanya Samriddhi Yojana

      The best way to ensure the security of the girl child is to open the Union Bank of India Sukanya Samriddhi Yojana account. The investment in the Union Bank of India Sukanya Samriddhi Yojana can begin with the minimum amount of Rs 250 and likewise offers various benefits to the girl child and the parents/ guardian.

    • Vijaya Bank Sukanya Samriddhi Yojana

      The Vijaya Bank Sukanya Samriddhi Yojana acts as the financial crutch and aims to help the girl child at every important milestone of life. When the girl child attains the age of 18 years, 50 per cent of the funds in the Vijaya Bank Sukanya Samriddhi Yojana account can be withdrawn and accomplish the life objectives.


Disclaimer:
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

With any of the above-listed banks, the Sukanya Samriddhi Account can be opened without any hassles and minimalistic paperwork. In case, anyone does not have a savings bank account with any of these authorized banks, then also the SSY account can be opened with any of these. There are two methods to open the Sukanya Samriddhi Yojana account listed below:

    • 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 and fill it duly with correct details. Submit the form with all the relevant documents attached and the sum of the deposit. Once the form and attached documents are verified by the bank, only then the SSY account will be opened.
    • Online: The online method to open the Sukanya Samriddhi Yojana account is offered by the banks wherein one needs to apply for the same online via the official website of the bank. Simply visit the website of the bank, fill the form of Sukanya Samriddhi Yojana online and make the payment through any digital payment mode. Thereafter, the Sukanya Samriddhi Account will be opened. Anyone who has existing savings account with any of the authorized banks can simply log in to the net banking account and open the Sukanya Samriddhi Yojana account straightaway from there.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

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 of Sukanya Samriddhi Yojana account.
  • The certificate of birth of the beneficiary (girl child).
  • An address of evidence and identity for the parent/ guardian.
  • The passport size photographs.

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

Written By: PolicyBazaar - Updated: 30 March 2021
Search
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Newsletter
Sign up for newsletter
Sign up our newsletter and get email about List of Banks Offering Sukanya Samriddhi Yojana.
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL