Yes Bank Sukanya Samriddhi Yojana

Where to Open Your Sukanya Samriddhi Account?

Please note that Yes Bank does not offer Yes Bank Sukanya Samriddhi Yojana. However, many other authorized and prominent banks across India provide this beneficial scheme. You can open a Sukanya Samriddhi account at leading institutions such as:

• State Bank of India Sukanya Samriddhi Yojana

• HDFC Bank Sukanya Samriddhi Yojana

• Punjab National Bank Sukanya Samriddhi Yojana

• ICICI Bank Sukanya Samriddhi Yojana

• Axis Bank Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana Features Offered By Other Banks

The Sukanya Samriddhi Yojana offers several beneficial features through various banks:

• Affordable Deposits: Start with a minimum annual deposit of ₹250, up to a maximum of ₹1.5 Lakh in a financial year.

• Defined Contribution Period: Deposits are made for 15 years from the account opening date, with interest continuing to accrue until maturity.

• Attractive Interest Rate: The interest rate is declared quarterly by the Government of India. As of July 2025, the rate is 8.2% per annum, compounded annually.

• Exceptional Tax Benefits: Enjoy "Triple Exempt" (EEE) status – contributions are deductible under Section 80C, and both interest earned and maturity amounts are tax-free.

• Educational Withdrawals: Partial withdrawals (up to 50% of the previous financial year's balance) are allowed for higher education once the girl turns 18 or passes the 10th standard.

• Long-Term Maturity: The account matures 21 years from its opening date. Premature closure is permitted for the girl's marriage after she turns 18.

• Account Transferability: Accounts can be easily transferred between authorized banks or post offices nationwide.

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Sukanya Samriddhi Yojana Eligibility

To open an SSY account in any bank or post office, the following criteria must be met:

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

• Only one SSY account is allowed per girl child.

• A maximum of two accounts are permitted per family, with exceptions for twins or triplets.

• The girl child must be an Indian resident.

• A natural or legal guardian operates the account until the girl child turns 18.

Sukanya Samriddhi Yojana Benefits

This dedicated child plan offers significant advantages for parents:

• As a government-backed scheme, it offers assured returns with high safety.

• It encourages systematic savings for a daughter's future milestones.

• The EEE tax benefit ensures higher net returns, maximizing savings.

• It provides dedicated funds for crucial milestones like higher education and marriage expenses.

• It contributes to the financial independence and well-being of girl children.

Conclusion

The Sukanya Samriddhi Yojana is a powerful instrument for securing a girl child's financial future. While Yes Bank does not offer Yes Bank Sukanya Samriddhi Yojana, numerous other leading banks and post offices proudly offer the SSY. Parents are encouraged to explore these options to embrace this beneficial child plan and ensure a prosperous tomorrow for their daughters.