Launched in January 2015 as part of the Beti Bachao, Beti Padhao Campaign, over 4.1 crore Sukanya Samriddhi accounts have been opened as of November 2024, envisaging financial security and social empowerment of girls across India.
About Sukanya Samriddhi Yojana
- It is a small deposit scheme of the Government of India meant exclusively for a girl child to meet their education and marriage expenses.
- Ministry: Union Ministry of Finance.
- Criteria: Account can be opened in the name of a girl child till she attains the age of 10 years in post office or commercial bank.
- Only one account can be opened in the name of a girl child.
- Parents can open a maximum of two accounts for each of their two children.
- Deposit: Minimum deposit ₹ 250/- Maximum deposit ₹ 1.5 Lakh in a financial year.
- Managing the account: The account is managed by the guardian until the girl child reaches the age of eighteen.
- Interest: Interest rate of 8.2%.
- Withdrawal: Allows 50% withdrawal at the age of 18 for higher education purposes.
- The account can be prematurely closed in case of marriage of a girl child after her attaining age of 18 years.
- Maturity: The account shall mature on completion of a period of 21 years from the date of opening of account.
- Achievements: In many villages, Sukanya Samriddhi accounts for all eligible girls up to the age of ten have been opened, leading to the designation of these communities as complete Sukanya Samriddhi Gram.
