Pradhan Mantri Sukanya Samriddhi Yojana Apply Online

Pradhan Mantri Sukanya Samriddhi Yojana Apply Online: With the aim of upliftment and improving the condition of daughters in the country, the Central Government starts many types of savings schemes to benefit the daughters. PM Sukanya Samriddhi Yojana has been launched by the Central Government to provide the facility to parents to save for the future of their daughters through one such savings scheme. Through this scheme, parents of their daughter, aged 10 years or less, will be able to save for her higher education and studies in the future by opening an account in a bank or office. On opening an account under SSY, the government will provide 7.6% interest to the beneficiary girl child, the benefit of which will be available after the girl turns 21 years of age.

In such a situation, if you want to provide the benefit of PM Sukanya Samriddhi Yojana to your daughter, then what is Sukanya Samriddhi Yojana? You will be able to know complete information related to the benefits of the scheme, eligibility, documents, application process, SSY account calculation through our article.

Sukanya Samriddhi Yojana 2024

Sukanya Samriddhi Yojana is a scheme launched by the Central Government in 2015 as a part of the Beti Bachao Beti Padhao campaign. Through this scheme, the government provides the facility to parents to save to make the future of their daughters bright. Under SSY, an account can be opened for a girl child of 10 years or less. The minimum amount for opening an account is Rs 250 and the maximum amount is Rs 1.5 lakh, in which the applicant can deposit money in the daughter’s account as per his convenience. In which the beneficiary will have to deposit money in the account for 14 years from the date of account opening. After which, after the girl turns 21, she will be able to withdraw a lump sum amount in the account, if the girl wishes, she will be able to withdraw 50% of the money from the bank even after she turns 18.

Name of the Scheme	Prime Minister Sukanya Samriddhi Yojana
was started	by central government
start date	22 January 2015
Year	2024
Application Process	offline process
beneficiary	country girl
Objective	to secure the future of daughters To facilitate savings for
Category	central government scheme
official website	nsiindia.gov.in

Benefits And Features of PM Sukanya Samriddhi Yojana

The information about the benefits the beneficiary will get under the scheme is as follows.

• Through PM Sukanya Samriddhi Yojana, citizens will be able to deposit money for their daughter’s future.
• Under the scheme, by opening an account in the name of a daughter of 10 years or less, applicants can deposit a minimum amount of Rs 250 or a maximum of Rs 150,000 as per their convenience.
• To avail the benefits of SSY scheme, the applicant can open an account of the daughter in the bank or post office.
• Under the scheme, 7.6% interest will be provided by the government to the applications.
• The account becomes mature till the age of 21 years from the date of account opening of the applicant girl.
• Under the scheme, the applicant girl child can withdraw money even after she turns 18 for her higher education or other needs. But at this time she will be able to withdraw only 50% of the amount.
• Under the scheme, the account of the applicant girl can also be transferred from one post office or bank to another post office or bank.
• SSY account can be opened in Sukanya Samriddhi Yojana with Rs 1000.
• Under this scheme, two girl children from a family will be able to benefit.
• Under Income Tax Section 80-C, you will get the benefit of investment tax exemption in Sukanya Samriddhi Yojana.
• The government will not impose any tax on the interest received through this scheme, rather your deposit amount will increase with the interest.
• Under the scheme, you will have to invest regularly for 14 years from the time the account is opened.
• Citizens of Sukanya Samriddhi Yojana will be able to meet the expenses and needs of their daughter for marriage and higher education without any financial problem.

New changes under SSY scheme

5 new changes have been made in Sukanya Samriddhi Yojana by the Central Government, information about which is as follows.

• Under the scheme, it is mandatory for the applicant to deposit a minimum of Rs 250 in the account from the regular room in a year, but if this amount is not deposited by the beneficiary then his account will be considered in default. According to the new rules, if the SSY account is not reactivated, then till the maturity of the girl child, you will continue to get the prescribed 7.6% interest rate on your default account as per the new rules of 2019.
• In Sukanya Samriddhi Yojana, an account can be opened in the name of only one daughter of a family, but if the second child is twin daughters, then the account can be opened in the name of both.
• Under the scheme, the account of the beneficiary girl child is closed in two circumstances. First, on the death of the daughter and second, on the change in the place of residence of the daughter, but after the new change, if the guardian of the daughter dies due to any reason, then in such a situation also the account is closed.
• Earlier in SSY, the operation of the account was handed over to the girl beneficiary at the age of 10 years. But now according to the new rules, until the beneficiary girl turns 18 years of age, she cannot operate the account on her own. The account is operated by the girl’s parents until she completes 18 years of age.
• According to the new rules, the provision of returning wrong interest in the account has been changed, along with this, the annual interest of the account will be deposited at the end of every year.

Eligibility for Sukanya Samriddhi Yojana

To avail the benefits of Sukanya Samriddhi Yojana, the applicant will have to fulfill its prescribed eligibility. Only after which the process of application in the scheme can be completed, the information about all such eligibility is as follows.

• To apply for the scheme, applicants must be permanent residents of India.
• Under SSY, girls from newborn to 10 years will be eligible to apply.
• Under the scheme, an account can be opened only in the name of a girl child.
• Only two daughters of a family will be eligible to apply for the scheme.
• If there are two twin daughters after one daughter, both of them will also be eligible to apply.

Documents Required for Sukanya Samriddhi Yojana

To apply for the scheme, the applicant must have all the important documents. The process of applying for the scheme will not be completed without complete documents, the information about all such documents is as follows.

• daughter’s birth certificate
• ID proof of parents
• permanent residence certificate

Schemes run by Indian Post

Let us tell you that various schemes are operated by the Indian Postal Department. In such a situation, 9 savings schemes are included in the schemes run by Indian Post, in which 7.6% interest is given to benefit the citizens, the information about all such schemes is as follows.

Account	Minimum Amount
सुकन्या समृद्धि योजना (SSY)	250 Rupees
डाक घर बचत खाता	500 Rupees
पब्लिक प्रोविडेंट फंड (PPF)	500 Rupees
सीनियर सिटीजन सेविंग स्कीम	1000 Rupees
राष्ट्रीय बचत पत्र	1000 Rupees
राष्ट्रीय बचत समय जमा खाता	1000 Rupees
किसान विकास पत्र (KVP)	1000 Rupees
डाक घर मंथली इनकम स्कीम	1000 Rupees
राष्ट्रीय बचत आवर्ती जमा खाता	1000 Rupees

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List of authorized banks covered under the scheme

State Bank of India	Bank of Maharashtra
Axis Bank	Union Bank of India
State Bank of Travancore	Central Bank of India
ICICI Bank	Oriental Bank of Commerce
Corporation Bank	United Bank of India
Vijaya Bank	UCO Bank
Canara Bank	State Bank of Patiala
State Bank of Mysore	Allahabad Bank
IDBI Bank	Punjab National Bank
Bank of Baroda	Indian Overseas Bank
Punjab and Sindh Bank	Bank of India
Syndicate Bank	State Bank of Bikaner and Jaipur
andhrabank	State Bank of Hyderabad
dena bank	Indian Bank

Sukanya Samriddhi Yojana Account Calculation

The amount that the applicant will receive under SSY after the completion of the tenure of 21 years of the scheme is as follows. A list of amounts in quotation form is given below.

Amount (annually) (in Rs)	Amount (14 years) (in Rs)	Amount (21 years) (in Rs)
1000	14000	46,821
2000	28000	93,643
5000	70000	2,34,107
10000	140000	4,68,215
20000	280000	9,36,429
50000	700000	23,41,073
100000	1400000	46,82,146
125000	1750000	58,52,683
150000	2100000	70,23,219

Calculation with contribution of Rs 1000 (annually)

• Fixed Interest – 8.4%
• Tenure – 14 years
• paid annually

Year	Opening Balance (in Rs)	Deposit amount (in rupees)	Interest (in Rs)	Closing Balance (in Rs)
1	0	1000	84	1084
2	1084	1000	175	2259
3	2259	1000	274	3533
4	3533	1000	381	4914
5	4914	1000	497	6410
6	6410	1000	622	8033
7	8033	1000	759	9792
8	9792	1000	906	11698
9	11698	1000	1067	13765
10	13765	1000	1240	16005
11	16005	1000	1428	18433
12	18433	1000	1632	21066
13	21066	1000	1854	23919
14	23919	1000	2093	27012
15	27012	0	2269	29281
16	29281	0	2460	31741
17	31741	0	2666	34407
18	34407	0	2890	37298
19	37298	0	3133	40431
20	40431	0	3396	43827
21	43827	0	3681	47508

Result:

• Total amount deposited in the account – Rs 14,000
• Amount after maturity – Rs 47508
• Interest received – Rs 33,508

Calculation with contribution of Rs 5000 (annually)

• Fixed Interest – 8.4%
• Tenure – 14 years
• Payment Frequency – Annually

Year	Opening Balance (in Rs)	Deposit amount (in rupees)	Interest (in Rs)	Closing Balance (in Rs)
1	0	5000	420	5420
2	5420	5000	875	11295
3	11295	5000	1369	17664
4	17664	5000	1904	24568
5	24568	5000	2484	32052
6	32052	5000	3112	40164
7	40164	5000	3794	48958
8	48958	5000	4532	58490
9	58490	5000	5333	68823
10	68823	5000	6201	80024
11	80024	5000	7142	92166
12	92166	5000	8162	105328
13	105328	5000	9268	119596
14	119596	5000	10466	135062
15	135062	0	11345	146407
16	146407	0	12298	158706
17	158706	0	13331	172037
18	172037	0	14451	186488
19	186488	0	15665	202153
20	202153	0	16981	219134
21	219134	0	18407	237541

Result:

• Total Deposit Amount: Rs 70000
• Amount after maturity: Rs 2,37,541
• Interest received – Rs 1,6,541

How to reopen Sukanya Samriddhi Yojana account?

Under PM Sukanya Samriddhi Yojana, applicants can deposit Rs 250 to Rs 15 lakh as per their convenience to make their daughter’s future bright. In such a situation, if you deposit an amount of Rs 250, then you will have to deposit this amount in the account every year, but if you do not deposit this prescribed amount in any year, then your account will be closed. After the account is closed, you will be able to get it re-opened again, for this you have to go to your nearest post office or bank where your account is. From here you will have to fill the re-open form and deposit the remaining amount along with penalty.

Quote – For example, suppose you have not deposited an amount of Rs 1000 for 3 years, which you are required to deposit in your account every year. In such a situation, you will have to pay a fine of Rs 50 every year along with Rs 3000 for 3 years. That means you will have to deposit (3000+150 = Rs 3150).

How to check balance in Sukanya Samriddhi Yojana

Beneficiaries who want to check their balance under the scheme can check their balance in the following manner. For this, if you want, you can check the balance of your account by making an entry in the passbook. Apart from this, you will be able to check the outstanding amount of SSY account by downloading IPPB mobile app or visiting the official portal.

PM Sukanya Samriddhi Yojana Offline Application Process

Applicants who want to open their daughter’s account for the scheme can do the application process through offline mode. You will be able to know the information about the offline process for application by reading the steps mentioned here.

• For this, first of all the candidates should visit their nearest post office or government bank branch.
• Here you will have to get the application form of Sukanya Samriddhi Yojana from the branch officer.
• After receiving the form, you will have to fill all the information asked in it carefully.
• After filling all the information, you will have to attach all the documents asked in the form with the form.
• Now finally check the form carefully. If any information is missing then fill it.
• Fill the form completely and submit it to the post office or bank branch.
• In this way the process of offline application for your Sukanya Samriddhi Yojana will be completed.

How to apply for passbook in the scheme?

If you have opened your daughter’s account under Sukanya Samriddhi Yojana. So for that you will be able to know the process of applying for passbook by reading the steps mentioned here.

• To apply for the scheme, first of all visit the official website of Sukanya Samriddhi Yojana.
• Now the home page will open on your screen.
• Here on the home page you will see the option of Download Forms, click on it.
• After this, many options will appear in front of you, here you click on the option of Passbook Form 4.
• After clicking, the form will open on your screen in PDF format.
• Here you can download the form by clicking on the download option.
• After this, take a printout of this form and fill all the information asked in the form correctly.
• Fill all the information, check it and submit it to your nearest post office.
• In this way the application process for your passbook will be completed.
• Once the form is submitted, your form will be checked and verified by the officials.
• After successful verification, you will be given a new passbook.
• In this way the application process for passbook in your scheme will be completed.

How to download IPPB mobile app

To download IPPB mobile app, you can follow the steps mentioned here.

• To download the mobile app, first of all you have to open Google Play Store in your mobile.
• After this you have to type IPPB Mobile App in the search and search.
• After searching, the mobile app will open on your screen, here you click on the Install option.
• After which the app will be downloaded in your mobile.
• Here you will get to see the related information through your mobile app and you will be able to easily transfer your amount through it.

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