Sukanya Samriddhi Yojana 2023 SSY Calculator Online, Benefits and Interest Rate @nsiindia.gov.in

Sukanya Samriddhi Yojana – SSY Calculator Online, Benefits and Interest Rate @nsiindia.gov.in: The Sukayna Samriddhi Yojana (SSY) is a government savings scheme. SSY is a scheme for the newborn baby girl child. SSY scheme was launched by the Government of India under the Beti Bachao, Beti Padhao Campaign of Prime minister Narendra Modi. The Sukanya Samriddhi Yojana is started to provide a bright future for the girl children.

SSY is such a long-term plan, by investing in it you can add money to your daughter’s education and marriage. Under this scheme, for daughters below the age of 10 years bank accounts will be opened in the name of their parents. According to this scheme, you can invest from Rs 250 to Rs 1.50 lakh annually. It is mandatory for the account holder to deposit this amount for 15 years. The account can be opened in any post office or government bank.

Sukanya Samriddhi Yojana

According to the latest news, Sukanya Samriddhi Scheme has been launched by the prime minister of India Narendra Modi which aims to provide financial assistance to all the parents who have registered with the Sukanya Samriddhi Yojana. If you have a girl child of below 10 years then you must have to join Sukanaya Samriddhi Yojana.  As per sources, many rules changed in the Sukanya Samriddhi Yojana. Earlier, under this scheme, tax exemption under 80A was available only on the account of the 2 Daughters.

But Now, those parents have twins daughters after 1 daughter they are also eligible to get the benefits of this scheme. Whereas, those Sukanya Samriddhi Yojana Account holders have been unable to pay the amount of Rs. 250 annually in this situation their account has been listed in the defaulter’s list. So it is most important to pay the amount annually to avail of the benefit after 15 years under this scheme. Till now, those parents who have not applied for the SSY scheme are advised to inform open an account with SSY as soon as possible from any authorized bank and post office.

Sukanya Samriddhi Yojana

SSY Scheme 2023 Overview

Name of The Scheme Sukanya Samriddhi Yojana
Managed by Central Government of India
Type of Account Small Savings Scheme
Scheme Launch Date 22nd January 2015
Beneficiaries Girl Child
Launched By PM Narendra Modi
Country India
Date of End NA
Limit of Age 10 Years or Less
Current Rate of Interest 8.4%
Limit of Deposit Minimum 250, Maximum 1.5 Lakhs
Official Website www.nsiindia.gov.in

Previous 5-year interest rates of Sukanya Samriddhi Yojana (SSY)

Duration Rate of interest (%)
April 2020 onwards 7.6
1 January 2019 – 31 March 2019 8.5
1 October 2018 – 31 December 2018 8.5
1 July 2018 – 30 September 2018 8.1
1 April 2018 – 30 June 2018 8.1
1 January 2018 – 31 March 2018 8.1
1 July 2017 – 31 December 2017 8.3
1 October 2016 – 31 December 2016 8.5
1 July 2016 – 30 September 2016 8.6
1 April 2016 – 30 June 2016 8.6
From 1 April 2015 9.2
From 1 April 2014 9.1

Benefits of The Sukanya Samriddhi Yojana (SSY)

  • Rate of Interest – If we compare the interest rate Sukanya Samriddhi Yojana with other investments then it is more than other investments.
  • There are a lot of benefits for all those parents who have opened their Sukanya Yojana accounts for their girls.

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SSY Eligibility Criteira

  • Only those girls avail of the benefits of SSY who have registered with this scheme.
  • For the SSY Account girl’s child must be between the age below 10 years old.
  • In the case of twins and triplets till then you are also eligible to open a Sukanya Samriddhi yojana account for your daughters.
  • Only those girl child’s parents are eligible to open the Sukanya Samriddhi Yojana Account if they are permanent residents of India.

Also Check: Maandhan Yojana Registration 2023

Required Documents to open Sukanya Samriddhi yojana Account

  • Birth Certificate of Girl Child.
  • Passport Size Photograph of Parents.
  • KYC Documents.
  • Aadhar Card.
  • ID Proof
  • Residential Certificate.

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How to Open Sukanya Samriddhi Yojana Account

If you are a parent of a girl child below 10 years old. Then you are eligible to open Sukanya Samriddhi Yojana Account. Here, in this paragraph, we have shared some steps to open an SSY account. You must have to check the steps given below:

  • First of all, You have to fill SSY Form from any government bank or post office.
  • After that, you have to keep all the personal documents along with passport-size photographs.
  • Now, check all the mentioned details and documents once again and submit them to the head of the Bank or Post Office.
  • At the time of Submitting, you have to deposit any amount between Rs. 250 to Rs. 1,50,000.
  • After the deposit amount, the bank or post office will process your application and payment.
  • After a few minutes, your processing has been done successfully and your account will be opened.
  • In this way, you can open the SSY Account from any financial branch.
Official Website Visit Here
Cemca Homepage Click Here

Sukanya Samridhi Yojana Account Maturity Period

As per sources, the maturity period of the Sukanya Samriddhi Yojana Account is 21 years from its opening date. Whereas, all the parents of the account holders have to pay annually the fixed amount of money between (250 to 1,50,000) and avail of the benefits of this scheme after twenty-one years. In case, any account holder wants to withdraw the money in the middle of the maturity period so we are here to advise you that first of all account holder must be between the age of 18 years to withdraw money. there is a need to verify the account holder’s Identification, Signature, Thumb Impression, and many more personal details of the account holder that have been required at the time of withdrawal of Money.

Frequently Asked Questions (FAQs)

What is the Current Interest Rate of Sukanya Samriddhi Yojana Account?

As per the latest information, the current interest rate will be 8.4% on the Sukanya Samriddhi Yojana Account.

Sukanya Samridhi Yojana Is Available for?

This scheme is available for girl child of below 10 years old whereas, girls must be residents of India.

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