PNB Bank SSY (Sukanya Samriddhi Yojana)

Sukanya Samriddhi Yojana is a Government initiated savings scheme, which is specifically designed to secure the financial future of the girl child. The scheme was introduced under the ‘Beti Bachao Beti Padao’ campaign. As a remunerative option of investment, the SSY offers a high-interest rate of  7.60%n along with the benefit of low-cost investment and tax savings.

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In the SSY scheme, the parent/ legal guardian of the girl child can open the scheme in the name of their daughter, till she reaches the age of 10 years. While introducing Sukanya Samriddhi Yojana, the government gave authority to post-offices and several banks. PNB Bank was the first bank to roll out SSY after it’s launch in the year 2015 January. Let’s read further to know in detail about PNB Sukanya Samriddhi Yojana. 

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

Start Year

Investment term is 21 years
Total Investment
Total Interest
Total Investment

Total Interest

Maturity Year

Maturity Value

Amount you will get
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Features of PNB Bank SSY

The following are the salient features of PNB SSY.

Account Opening 

The legal guardian/ parent of the girl child can open Sukanya Samriddhi Account in the name of the girl child. The parent of the girl child can open up to two accounts for two girl child. The third girl child can only be considered in the case of the triplet.


 SSY account has a tenure of 21 years or until the marriage of the girl child after the age of 18 years.  From the date of opening the account, the account can be kept active for a maximum tenure of 21 years.

Age Criteria

The account can be opened until the girl child attains the age of 10 years.

Deposit Criteria

An individual can open an SSY account with a minimum deposit of Rs 250 per annum and can invest up to a maximum of Rs. 1.5 lakh in a year. The contribution can be made in form of a cheque/cash. The subscriber will need to contribute to the PNB SSY scheme till the completion of 15 years from the date of scheme initiation.

l Partial Withdrawal

Once the girl child attains the age of 18 years, 505 of the fund is allowed for withdrawal from the PNB Sukanya Samirddhi Yojana. The withdrawn amount can be utilized for higher education or marriage of the girl child.

Account Reactivation

To ensure that the account remains activated, one needs to make a minimum deposit of Rs 250 per annum for a tenure of 15 years.  The account gets deactivated if the minimum amount of Rs 250 is not deposited in the account. However, the scheme can be revived by paying a penalty of Rs 50 for the years in default.

Benefits of PNB SSY

Let’s take a look at the benefits of PNB SSY.

  • PNB Sukanya Samriddhi Yojana offers a high-interest rate of 7.6%.
  • The contribution made towards the scheme are compounded annually.
  • PNB SSY is a low-cost investment option.
  • If the account holder has to move to another place, then they can transfer the account to any other authorized bank or post-office in the new location.
  • SSY PNB offers tax benefit under EEE (exempt, exempt, exempt) format. 

Documents Required to Open PNB Bank SSY Account

  • Birth certificate of girl child
  • Photo ID proof of legal guardian/ parents
  • Photograph of the applicant and the child.
  • KYC documents  ( Address& Identity proof) of the legal guardian/ parent.

How to Open PNB Sukanya Samriddhi Yonana Account?

To open the PNB 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.

Withdrawal Process of PNB SSY

Partial withdrawals are applicable under the PNB SSY account. Once the girl child attains the age of 18 years, she is allowed to withdraw 50% of the accumulated fund, which can be utilized for higher education or marriage. The SSY account comes with a tenure of 21 years, thus the scheme matures after the completion of 21 years. The subscriber can make a premature withdrawal from the PNB SSY account due to many other reasons as well. However, the interest earned from the contribution will remain the same as the interest rate offered by the bank.


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