How to Check Post Office Sukanya Samriddhi Yojana Account Balance

The Sukanya Samriddhi Yojana is a savings scheme launched in the year 2015 by Prime Minister Narendra Modi under the Beti Bacho Beti Padhao campaign.

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The main agenda of the scheme is to encourage parents of a girl child in India to build a corpus for her future education and expenses.

Understanding Sukanya Samriddhi Yojana

Here are some features as well as the benefits related to Sukanya Samriddhi Yojana Scheme that will help you understand the policy in a better way.

  1. Features

    • A program initiated by the Government of India
    • Parents/Guardians having daughter below the age of 10 can opt for Sukanya Samriddhi Yojana account
    • Tenure of 21 years or until the girl child is married after the age of 18
    • 6% rate of interest compounded annually
    • Income tax exemption under Section 80C of the Income Tax Act
    • Any amount from Rs. 250 to Rs. 1.5 lakh can be deposited in the account every year
    • Account to be opened only in the name of the child and not in the name of their legal guardian
    • Only 2 Sukanya Samriddhi Yojana accounts allowed per family
  2. Benefits

    • High rate of interest
    • Income tax savings
    • Lock-in period
    • Partial withdrawals can be made 
    • Guaranteed maturity benefits
    • Interest even after maturity

Sukanya Samriddhi Yojana Account Highlights

Here are some highlights of the features and benefits of Sukanya Samriddhi Yojana that will help you understand the scheme



Interest rate

7.6% per annum

The minimum amount for opening an account

INR 250/- every year

The maximum amount for opening an account

INR 1,50,000/- every year

Who can open the account

The Parent or legal guardian of the girl child

Age criteria

Girl child below the age of 10

Maximum number of accounts

2 per family

Tenure of the scheme

21 years or until the marriage after the age of 18

Account opening

Only in the name of girl child


Under section 80C if Income Tax Act


Partial withdrawals can be done

Before knowing how to check Sukanya Samriddhi Account Balance Online, or deposit money online, it is important to understand IPPB.

What is IPPB?

Indian Postal Department has played a vital part in India’s Communication Network for ages. Today, to come at par with the leading banks in our country and to provide better digital services to the common man, the Indian Postal department has come up with a new banking wing called Indian Post Payment Bank (IPPB).

Under the IPPB (Indian Post Payment Bank), all your post office transactions can be done online, just like any other normal bank. All you need to do for IPPB is visit your nearest post office once for basic registration and post that, you can easily carry all your post-office-related transactions online. From viewing the balance of any of your postal accounts to transferring money in different scheme plans, all can be done online just after you complete IPPB registration.

Sukanya Samriddhi Yojana Account Balance

If you already have an account, you can check the Sukanya Samriddhi Yojana account balance both online and offline through electronic medium and physical passbook respectively. Let us discuss both ways in detail so that it is easy for you to know your Sukanya Samriddhi Yojana account balance.

  1. Offline

    Currently, 28 banks are offering the Sukanya Samriddhi Yojana scheme. To know your account balance offline, all you need to have is a passbook of the account provided to you by your bank. For account balance inquiries, you have to visit your bank branch and get the passbook updated regularly.

  2. Online

    In the world of digitalization and covid, nobody wants to step outside their houses. The best way to be updated about your Sukanya Samriddhi Yojana account balance is by registering online.

    Here are some simple steps to be followed to know your Sukanya Samriddhi Yojana account balance online:

    • Step 1: Apply for login credentials. Ask your respective bank to provide you with Sukanya Samriddhi Yojana account credentials. Once you receive the details, then only you will be able to operate your Sukanya Samriddhi Yojana account online.
    • Step 2: Log in with the credentials. The provided user name and password need to be entered into the internet banking portal of the bank.
    • Step 3: After login, the homepage for Sukanya Samriddhi Yojana will appear. You can simply check Sukanya Samriddhi Account Balance Online. The balance might also be displayed in the dashboard column of the account.
    • Step 4: Note that through this portal, you can only view your Sukanya Samriddhi Yojana account balance. No transactions can be made through this portal. 

    These are some extremely simple and quick steps to check out your account balance anytime, anywhere, without any hassle.

    Now that you can check the Sukanya Samriddhi Account balance online by these simple steps, you can directly deposit money in your SSY account too. If you feel the need to deposit money in your post office Sukanya Samriddhi Account, here are all the steps to be followed.

Steps To Deposit Money In Sukanya Samriddhi Yojana Post Office Account

Sukanya Samriddhi Yojana Account is a must-have for every responsible parent of a girl child to corpus for her future financial needs. To deposit money in your existing Sukanya Samriddhi Yojana account, you have to follow these simple steps below:

  • Step 1: Add money from your normal savings account to India Post Payment Bank’s (IPPB) savings account
  • Step 2: Go to the Department of Post (DOP) product and select Sukanya Samriddhi Yojana Account
  • Step 3: Mention the credentials of your Sukanya Samriddhi Yojana account, that is, account number and customer ID provided by the Department of Post (DOP)
  • Step 4: Once successfully logged in, you can now transfer money from IPPB to the Sukanya Samriddhi Yojana scheme. This transfer can be made to any other designated scheme by the Department of Post as well.
  • Step 5: Select the installation duration and amount agreed during the time of purchase of the Sukanya Samriddhi Yojana scheme
  • Step 6: India Post Payment Bank will notify you of the successful payment transfer on your registered mobile number

Open A New Sukanya Samriddhi Yojana Account

  1. Offline

    There are 2 ways to open Sukanya Samriddhi Yojana offline, that is, with the bank or at the post office.

    • Visit the post office/ bank
    • Fill in the Sukanya Samriddhi Yojana application form with the details of your daughter
    • Take birth certificate, Aadhaar card, pan card, and all other necessary documents of the child with you
    • After verification, your account will be opened and the passbook will be handed over to the parents/ legal guardian of the girl child
  2. Online

    Much easier than directly visiting the bank branch, to open your Sukanya Samriddhi Yojana account online, all you have to do is

    • Check the official website of the bank you wish to have an account with
    • Fill in all the required information of the child and the parents in the form as required
    • Attach scanned copies of all the mentioned certificates and address proofs
    • Click on the submit button and your Sukanya Samriddhi Yojana is good to go.

    It is your choice how you would like to open your child’s Sukanya Samriddhi Yojana account.

Summing It Up

Sukanya Samriddhi Yojana is a great scheme any parent could buy for their daughter. A scheme specially designed for girl children so that parents do not have any financial problems while raising them, SSY is beneficial in every form. Easy to open with minimal premium payment options, Sukanya Samriddhi Yojana is the scheme to be trusted on.

Written By: PolicyBazaar - Updated: 02 September 2021

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