PNB Sukanya Samriddhi Yojana

Features and Benefits of PNB Sukanya Samriddhi Yojana

Some important features and benefits of the Sukanya Samriddhi Yojana (SSY) are given below:

• Eligibility criteria:
  • A PNB Sukanya Samriddhi account can be opened for a girl child below 10 years of age.
  • The account must be opened by a parent or legal guardian of the child.
  • Only one SSY account per girl child is allowed.
• Deposit rules:
  • A PNB Sukanya Samriddhi Yojana account can be funded with a minimum amount of ₹250 and a maximum of ₹1.5 lakh in a financial year.
  • The deposits can be made for 15 years from the date of account opening.
• Tenure:
  • PNB Sukanya Samriddhi Yojana account matures after 21 years from the date of the account opening.
• Partial withdrawal rules:
  • Up to 50% can be withdrawn for higher education and the marriage of the girl child after she turns 18 years old or passes Class 10
• Premature closure:
  • An SSY account can be closed prematurely in case of the death of the account holder, extreme compassionate/medical grounds, or the marriage of the girl child after turning 18.
  • The premature closure is allowed after 5 years from the account opening.
• Interest rate:
  • The SSY interest rate is currently set at 8.2% per annum for Q3, 2026-27.
  • The government compounds and credits the SSY interest annually in an SSY account.
• Tax benefits:
  • Deposits up to ₹1.5 lakh in a year qualify for tax deduction benefits under Section 80C if opted for the Old Tax Regime.
  • The interest earned from an SSY account and the maturity amount are tax-free.

Using the Punjan National Bank Sukanya Samriddhi Yojana Calculator

You can use the Sukanya Samriddhi Yojana calculator to estimate the maturity amount you may receive by investing in the scheme. You can estimate the maturity amount by entering the following details in the calculator:

• The amount you want to invest each year
• Your daughter’s age
• The year you want to start investing

After considering these details, the Sukanya Samriddhi Yojana calculator estimates the maturity amount along with total interest earned and the total amount invested. Here is an example calculation using the SSY calculator:

If you start investing ₹60,000 annually in the Sukanya Samriddhi Yojana PNB account in 2026, the calculator will show the following results:

• Total amount invested: ₹9 lakhs
• Total interest earned: ₹19.7 lakhs
• Estimated maturity amount in 2047: ₹28.7 lakhs

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How to Open a PNB Sukanya Samriddhi Yojana Account?

You can open a PNB Sukanya Samriddhi Account online or by applying physically at any of the bank's branches in India. Let’s understand the detailed steps for both methods:

1. Online Account Opening

   This method is for existing PNB customers:

   • Step 1: Open the PNB ONE app on your device
   • Step 2: Click on “Services” from the main menu
   • Step 3: Select “Govt. Initiative” from the shown list and choose “Sukanya Samriddhi Account Opening”
   • Step 4: Follow the steps shown on the screen to complete the account opening.

2. Offline Account Opening

   • Step 1: Visit the nearest PNB branch and ask for the SSY account opening form
   • Step 2: Fill in the application form carefully and attach all the required documents
   • Step 3: Submit the form along with the minimum deposit amount
   • Step 4: You will receive a passbook after successful account opening

Documents Required to Open a Punjab National Bank Sukanya Samriddhi Yojana Account

Some important documents needed to open a PNB SSY account are given below:

• Birth certificate of the girl child
• Passport-sized photos
• Identity and address proofs of parents or legal guardians

PNB Sukanya Samriddhi Yojana Interest Rate

The SSY interest rate for the last 10 years is shown in the table below: