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Post Office Sukanya Samriddhi Yojana: A Gift for a Bright Future

Table of Contents

  1. Introduction
  2. What is a Sukanya Samriddhi Yojana?
  3. Key Features and Benefits
  4. Using the Sukanya Samriddhi Yojana Calculator
  5. Who can open
  6. Deposit
  7. Interest
  8. Operation of Account
  9. Withdrawal
  10. Premature Closure
  11. Closure on Maturity
  12. Conclusion


In a progressive society, it is essential to prioritize the education and well-being of every child, irrespective of gender.

To foster the education and financial independence of the girl child, the Government of India introduced the Post Office Sukanya Samriddhi Account (SSA) in 2015.

This initiative aims to empower parents and guardians to secure the future of their daughters through long-term savings and investment.

In this blog, we will explore the key features and benefits of the Post Office Sukanya Samriddhi Account and understand why it is a crucial step towards building a brighter future for the girl child.

What is Post Office Sukanya Samriddhi Yojana?

The Post Office Sukanya Samriddhi Account is a government-backed savings scheme specially designed to promote the financial security and education of the girl child.

Parents or legal guardians can open this account for their daughters, provided the child is below ten years of age at the time of account opening.

The scheme aims to instill a sense of financial discipline while fostering long-term savings for the girl's future endeavors.

Benefits of Sukanya Samriddhi Yojana

Post Office Monthly Income Scheme Account offer several benefits, including:

  • Attractive Interest Rates: The Sukanya Samriddhi Account offers one of the highest interest rates among small savings schemes in India. The rate of interest is announced quarterly by the government and is compounded annually. The interest rate is subject to revision and is usually higher than traditional savings accounts or fixed deposits.
  • Tax Benefits: Contributions made towards the Sukanya Samriddhi Account are eligible for tax deductions under Section 80C of the Income Tax Act, up to a maximum limit of Rs. 1.5 lakh in a financial year. Moreover, the interest earned and the maturity amount are exempt from income tax, making it a tax-efficient investment avenue.
  • Long-term Tenure: The account matures after 21 years from the date of account opening, or when the girl child gets married after attaining the age of 18 years. This long tenure allows ample time for the investment to grow and accumulate substantial wealth for the girl's future needs.
  • Minimum and Maximum Deposit: The minimum initial deposit to open a Sukanya Samriddhi Account is Rs. 250. Subsequent deposits can be made in multiples of Rs. 100, with a minimum annual contribution of Rs. 250. The maximum annual deposit allowed is Rs. 1.5 lakh.
  • Partial Withdrawal Facility: The Sukanya Samriddhi Account allows partial withdrawals once the girl child attains the age of 18 years or completes 10th standard, whichever is earlier. The withdrawal amount cannot exceed 50% of the balance at the end of the preceding financial year.
  • Transferable Facility: In case of the transfer of the account holder's parents or guardians to a different city or place, the Sukanya Samriddhi Account can be easily transferred to any Post Office or authorized bank.
  • No Penalty for Missed Deposits: If the minimum annual deposit of Rs. 250 is not made in any financial year, the account becomes a default account. However, it can be regularized by paying a penalty of Rs. 50 per year along with the minimum deposit for the years of default.

Using the Sukanya Samriddhi Yojana Calculator

  1. Start by entering the amount you wish to invest in the Sukanya Samriddhi Yojana. This is known as the Principal Amount, and it represents the initial deposit you make.

  2. Interest rate and tenure will be selected automatically by Sukanya Samriddhi Yojana calculator

  3. Once you've provided all the necessary details, click the "Calculate" button. The calculator will display the Investment Amount , Interest Earned & Total maturity Amount on your investment.

Who can open an account?

The Post Office Sukanya Samriddhi Account can be opened under the following conditions:

  • The guardian can open the account in the name of a girl child below the age of 10 years.
  • Only one account can be opened in India, either in a Post Office or in any bank, in the name of a girl child.
  • Families can open a maximum of two accounts under the SSA for their girls. However, in the case of twins or triplets, more than two accounts can be opened.


Opening an SSA requires a minimum initial deposit of Rs. 250.

  • A minimum deposit of Rs. 250 must be made in a financial year (FY).
  • The maximum deposit allowed in a FY is Rs. 1.50 lakh, and deposits can be made in multiples of Rs. 50 in a lump sum or in multiple installments.
  • Deposits can be made up to 15 years from the date of opening the account.
  • Failure to deposit the minimum amount of Rs. 250 in a FY will result in the account being treated as a defaulted account.
  • Defaulted accounts can be revived by paying a minimum of Rs. 250 along with Rs. 50 for each defaulted year, before the completion of 15 years from the date of opening the account.
  • Deposits qualify for deduction under Section 80C of the Income Tax Act.


  • The interest on the Sukanya Samriddhi Account is calculated quarterly and notified by the Ministry of Finance.
  • The interest is calculated for the calendar month on the lowest balance in the account between the close of the fifth day and the end of the month.
  • Interest earned is credited to the account at the end of each FY.
  • Interest earned is tax
  • free under the Income Tax Act.

Operation of Account

  • The account will be operated by the guardian until the girl child attains the age of majority, which is 18 years.


  • Withdrawals can be made from the account after the girl child attains the age of 18 years or passes 10th standard.
  • Withdrawal can be up to 50% of the balance available at the end of the preceding FY.
  • Withdrawals can be made in one lump sum or in installments, not exceeding one per year, for a maximum of five years, subject to the specified ceiling and the actual requirement of fees/other charges.

Premature Closure

The Sukanya Samriddhi Account may be prematurely closed under the following conditions:

  • On the death of the account holder (PO Savings Account interest rate will be applicable from the date of death to the date of payment).
  • On extreme compassionate grounds:
  • Life-threatening disease of the account holder.
  • Death of the guardian by whom the account was operated.
  • Complete documentation and application are required for such closure.
  • For premature closure, the prescribed application form along with the passbook must be submitted at the concerned Post Office.

Closure on Maturity

The account can be closed on maturity under the following conditions:

  • After 21 years from the date of account opening.
  • At the time of the girl child's marriage after attaining the age of 18 years (one month before or three months after the date of marriage).


The Post Office Sukanya Samriddhi Account is a powerful initiative to empower the girl child and secure her future aspirations.

By promoting long-term savings and providing attractive interest rates, the scheme encourages parents and guardians to invest wisely in their daughters' dreams.

As a tax-efficient, government-backed savings scheme, the SSA is not just a financial investment but a commitment to shaping a bright and successful future for the girl child.

Let's embrace this opportunity and contribute towards building a more equitable and prosperous society by securing the dreams of our daughters with the Sukanya Samriddhi Account.

Disclaimer: The information provided in this blog post is for general informational purposes only and should not be considered as professional advice. The schemes features, rules, and regulations may be subject to change, and readers are encouraged to verify the latest information from official sources or consult financial experts before making any investment decisions. The author and the website shall not be held liable for any losses or damages arising from the use of the information provided in this blog post.