Sukanya Samriddhi Yojana

News: January 2025 marks the 10 years of Sukanya Samriddhi Yojana. 

About Sukanya Samriddhi Yojana 

• It is a small deposit scheme of the central government meant exclusively for a girl child to meet their education and marriage expenses. 
  • The scheme was launched as a part of the Beti Bachao Beti Padhao campaign. 
• It operates through all post offices, branches of public sector banks and some select private sector banks. 
• A bank account can be opened immediately after the birth of the girl child till she attains the age of 10 years. 
• The minimum initial deposit required for opening the bank account is Rs. 250 and the total annual deposit limit is capped at Rs. 1,50,000. 
• The account is managed by the guardian until the girl child reaches the age of 18. 
• It provides an interest rate of 8.2%. 
• The account matures after the completion of 21 years of the account holder from its opening date. 
  • However, the account holder can also apply for early closure under specific circumstances. 
• There is also a provision for withdrawal of up to fifty percent of the balance at the end of the preceding financial year, specifically for educational purposes  
  • This withdrawal is allowed only after the account holder turns eighteen or completes the tenth standard, whichever comes first. 
• The scheme is administered by the Ministry of Finance.