Sukanya Samriddhi Accounts

1. Rate of interest 9.1% Per Annum (2014-15), calculated on yearly basis, yearly
compounded.
2. Minimum INR. 1000/-and Maximum INR. 1,50,000/- in a financial year. Subsequent
deposit in multiple of INR 100/- Deposits can be made in lump-sum No limit on
number of deposits either in a month or in a financial year
3. A legal Guardian/Natural Guardian can open account in the name of Girl Child.
4. A guardian can open only one account in the name of one girl child and maximum
two accounts in the name of two different Girl children.
5. Account can be opened up to age of 10 years only from the date of birth. For initial
operations of Scheme, one year grace has been given. With the grace, Girl child who
is born between 2.12.2003 &1.12.2004 can open account up to1.12.2015.
6. If minimum Rs 1000/- is not deposited in a financial year, account will become
discontinued and can be revived with a penalty of Rs 50/- per year with minimum
amount required for deposit for that year.
7. Partial withdrawal, maximum up to 50% of balance standing at the end of the
preceding financial year can be taken after Account holders attaining age of 18
years.
8. Account can be closed after completion of 21 years.
9. If account is not closed after maturity, balance will continue to earn interest as
specified for the scheme from time to time.
10. Normal Premature closer will be allowed after completion of 18 years /provided
that girl is married.

Features of Sukanya Samriddhi Scheme

Opening of Account

Account under Sukanya Samriddhi can be opened and operated either by the minor girl
child who has attained the age of 10 years or by guardian of the girl child. Only one account
shall be opened in the name of a girl child under these rules after furnishing birth
certificate of the girl child along with other documents relating to identity and residence
proof of the depositor.
Guardian of the girl child will be allowed to open and operate accounts of maximum of two
girl children except in the case where depositor either blessed with three girl children in
first birth or twin girls in the second birth.
Deposit Rules

The account can be opened with a minimum of Rs.1,000. Thereafter any amount in the
multiples of Rs.100 may be deposited with a minimum amount of Rs.1,000 and maximum
amount of Rs.1,50,000 in a financial year.
The deposit shall be made by cash, cheque or demand draft. The minimum deposit of
Rs.1,000 is to be made each year else a penalty of Rs.50 shall be levied.

Rate of Interest

For the current fiscal year i.e. 2014-15, the deposit will fetch interest at the rate of 9.1% per
annum.
For sake of simplicity, method of calculation of interest will be similar to Public Provident
Fund (PPF). The rate of interest will be notified each year by the Government which will be
compounded yearly.

http://www.indiapost.gov.in/SukanyaSamriddhi.aspx
http://simpleinterest.in/sukanya-samriddhi-account/