Sukanya Samriddhi Account

How To Open Sukanya Samriddhi Account?

Owing to the decline in the child sex ratio and the rise in the abortion of female children, the Government of India started a campaign known as ‘Beti Bachao Beti Padhao’ in 2015. The motive of this initiative was to inspire gender equality and women's empowerment. To promote this campaign, they introduced investment options like the Sukanya Samriddhi Yojana (SSY).

This government scheme is aimed at encouraging dads and moms to construct a bright future for their children. Upon the maturity of the SSY savings accounts, the mother and father of the female child, or the guardian, can withdraw those finances to provide a better education for the child and to bear the expense of her marriage.

This article will lay down the details on how to open a Sukanya Samriddhi account online, the criteria to meet, and the benefits of opening a Sukanya Samriddhi account.

Eligibility criteria for opening a sukanya samriddhi account

The authorities brought this scheme to empower women and give them a choice towards a higher future. However, the plan comes with some policies that need to be followed to open an account. Paperwork and legal formalities are vital if anybody is thinking of availing of the scheme.

Following are the eligibility requirements that the applicants should meet before knowing how to open a Sukanya Samriddhi account online:

1. Residential Requirements

The female child on whose behalf the Sukanya Samriddhi Account is to be opened should be a resident of India.

2. Age Requirements

The girl child must not be older than 10 years of age. Authentic documents need to be offered to finish the process. If the bank suspects any foul play, they can proceed with re-verification and background checks.

3. Guardian or Parents

The guardians or parents can open a Sukanya Samriddhi account for the girl child. However, they ought to be the legal guardians of that girl child with the right documents. The bank will be inquiring for any proof of guardianship to verify their authenticity.

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Parents who plan to open this account must be the girl's biological parents and lawful documents are necessary to be provided before the bank can proceed with the procedure.

Must know benefits of an SSY account

Sukanya Samriddhi Account offers equal benefits to any parent who desires to protect their girl's future, regardless of their financial situation. These advantages consist of:

  • A minimum amount of just Rs. 250 per annum is needed to keep the savings account active. 
  • The total maturity value will be tax-free.
  • Deposits are eligible for deduction up to the maximum annual investments under Section 80C of the Income Tax Act.
  • On starting a Sukanya Samriddhi Account, the people get triple tax benefits.
  • The interest amount earned on the funding is tax-free.
  • This coverage offers an interest rate of 7.6% per year.

Opening a sukanya samriddhi account online 

To open a Sukanya Samriddhi Account online, the first important step on how to open Sukanya Samriddhi account online that needs to be accomplished by the applicant is to keep all of the required legal files organised. The documents which are crucial for starting this account are:

SSY Form

The enrollment form is available on the official RBI portal as well as on bank websites. Individuals also can fetch the form from the nearest branch.

Birth Certificate

This document is vital for the age verification process of the girl child.


Along with all the paperwork, the applicant should submit a passport-sized image to verify the candidate's identity.

KYC Document

KYC files assist the officials in affirming the residential necessities and background checks of the applicant.

The KYC Documents should consist of – an ADHAAR Card, Passport, Voter Card, and utility bills.

Here are the steps on how to open a sukanya samriddhi account online:

  1. Check Eligibility: Ensure that you meet the eligibility criteria for starting a Sukanya Samriddhi account. This zero balance savings account can be opened for a female child below the age of 10 years.
  2. Log in to Kotak 811: Log in for your bank account with the use of your CRN and password.
  3. Click on 'Investments': Once you are logged in, click on the 'Investments' tab.
  4. Select 'Sukanya Samriddhi Account': Under the 'Investments' section, pick 'Sukanya Samriddhi Account'.
  5. Fill out the application form: Fill out the Sukanya Samriddhi Account opening form with the required information, together with the female child's name, date of beginning, and the parent's or prison mother's or father's details.
  6. Upload the important documents: Upload the necessary documents, which include proof of the parents or legal guardian and a photograph of the kid and parent.
  7. Make the initial deposit: Make the first deposit of Rs. 250 to open the Sukanya Samriddhi Account.
  8. Submit the application: Once you have filled out the application form and uploaded the necessary documents, submit your application.
  9. Track your application: You can track the status of your application through the Kotak 811 app or website.

Remember, the Sukanya Samriddhi Account has a tenure of 21 years from the date of starting, and it gives an appealing interest rate of 8.5% with tax advantages below phase 80C of the Income Tax Act, 1961. If you face any problems for the duration of the online account opening process, you could go to the nearest branch for help.


The Sukanya Samriddhi Yojana is regulated by the central government, and an account can be opened in every state of the country. It is a central government-supported scheme and provides assured returns with a high-interest rate. The Sukanya Samriddhi Yojana’s tax advantages and flexible terms make it extremely beneficial and easy to get.

This scheme offers monetary assistance to the parents to meet expenses like education and the marriage of their female child, consequently encouraging the mother and father to raise their beloved daughter and give her a vibrant future.

The Sukanya Samriddhi Yojana account offers an efficient and convenient way to open and manage your daughter's future financial savings. By opening a Sukanya Samriddhi Yojana account, you may provide your daughter with a financially secure future, while also enjoying the benefits of high interest rates and tax savings.