On January 22 2026, the Sukanya Samriddhi Yojana (SSY), a Government of India(GoI) backed small savings scheme launched under the Beti Bachao Beti Padhao (BBBP) Campaign, completed 11 years.
- As of December 2025, 4.53 crore accounts have been opened and total deposits amount to more than Rs 3.33 lakh crore.
Exam Hints:
- What? Sukanya Samriddhi Yojana completed 11 years
- Launched : 22 January 2015 under Beti Bachao Beti Padhao (BBBP) Campaign
- Purpose: Securing future of girl child
- Administered By: Department of Economic Affairs (DEA), MoF
- Age Limit: 0–10 years
- Authorised Offices: Post Office, PSBs, Authorised Private Sector Banks
- No. of Accounts: 1 per girl child, 2 per family, exemption in twins/triplets case
- Tenure: 15 years; Maturity: 21 years from account opening
- Amount: Minimum – Rs 250 per FY, Maximum- Rs 1.5 lakhs per FY
- Interest rate: 8.2% p.a.
- Progress(As of December 2025): 4.53 crore accounts opened; total deposits Rs.3.33 lakh crore.
About Sukanya Samriddhi Yojana (SSY):
Launch: The SSY was launched by Prime Minister (PM) Narendra Modi on 22 January 2015 under the BBBP Campaign.
Purpose: It is a small deposit scheme designed to secure the future of the girl child by encouraging families to save for her education and marriage expenses.
Administrative Authority: The SSY is administered by the Department of Economic Affairs (DEA) under the Ministry of Finance(MoF)
About Sukanya Samriddhi Account(SSA):
SSA: It is an account that holds the funds deposited towards the SSY scheme.
Account Access: Parents or legal guardians can open an account for their Indian girl child at any India Post office or branch of any Public Sector Bank (PSB) and authorised Private Sector Banks (HDFC Bank, Axis Bank, ICICI Bank and IDBI Bank).
Age Limit: The account may be opened anytime from the birth of the girl child until she attains the age of 10 years.
Account Restrictions: Only one SSA is permitted per girl child, and a family can open accounts for a maximum of two girl children.
- In cases of twins or triplets, more than two accounts are allowed to be opened, subject to submission of an affidavit along with the relevant birth certificates.
Account Transfer: The account is managed by the parent/ guardian until the girl child reaches the age of 18.
- Upon turning 18, the account holder can take control of the account by submitting the necessary documents.
Documents required: The following key documents are required to open a SSA:
- SSA Opening Form
- Birth certificate of girl child
- Aadhaar Number issued by the Unique Identification Authority of India (UIDAI)
- Permanent Account Number (PAN) or Form 60 as defined in the Income Tax (IT) Rules
Deposit Limit: The minimum initial deposit of Rs 250 in the SSA, and subsequent deposits can be made in multiples of Rs 50, provided that at least Rs 250 is deposited in a financial year (FY).
- The total annual deposit limit is capped at Rs 1,50,000, any excess amount will not earn interest and will be returned.
Tenure: Deposits can be made for a period of up to 15 years from the account opening date.
Interest Rate: The SSY currently offers an interest rate of 8.2% per annum(p.a), with rates reviewed quarterly and interest credited annually.
Withdrawal Condition: An account holder may withdraw up to 50% of the balance available at the end of the preceding FY for educational purposes.
- This facility becomes available once the account holder attains the age of 18 or passes the tenth standard, whichever occurs earlier.
Maturity: The SSA matures upon the completion of 21 years of its opening date.
- Early closure of account is allowed in case of marriage of the girl child (after attaining 18 years) or in the event of account holder’s death.
- In any case, premature closure is not permitted within the first 5 years from the date of account opening.
Tax Benefit: Investments made under the scheme qualify for tax benefits under Section 80C of the IT Act, 1961.
Recent Related News:
In 2025, Ayushman Bharat- Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), a flagship initiative by the Government of India (GoI), launched in 2018, further expanded its coverage by including Delhi and Odisha.
- With this move, West Bengal (WB) is the only State which has not joined AB-PMJAY.
- AB-PMJAY is a health assurance programme that offers cashless hospitalisation coverage of up to Rs.5 lakh per family per year for secondary and tertiary care.
