Give financial freedom to your daughter with Sukanya Samruddi account and empower her to achieve her goals. 

The Sukanya Samriddhi Yojana or  SSY  is a small savings scheme backed by the Government of India exclusively for the girl child as a part of “Beti Bachao, Beti Padhao Yojana” was launched in 2015.

Parents or the legal guardian can open upto two such accounts for their daughters in the family. The total tenure of this scheme is 21 years, of which 15 years of investment and 6 years of cooling period.

In the Cooling-off period you need not make any investment, just wait for the investment to compound and give a better corpus.

An SSY account also offers income tax benefits by way of deductions under Section 80C for up to Rs 1.5 lakh.

The maximum age you can open an account for the girl child is 10 years. As soon as a girl child attains the age of 18, partial withdraw can be done for the purpose of marriage or higher education.

The investment amount is very minimal at 250 rupees/year. The SSY model is preferred across India and especially beneficial for rural India so that the financial needs of the girl child can be taken care of.

To open an account in the post office here is the process :

1. Fill up the application form with your post office account details. This form to be addressed to PostMaster of that branch.
   
2. Select SSA account in Account type and enter the details of the girl child.
   
3. Make the minimum payment of 250.
   
4. Provide Birth Certificate of girl child (mandatory)
   
5. Identity proof (as per RBI KYC guidelines)
   
6. Residence proof (as per RBI KYC guidelines)
   
7. 2 photograph of the girl child.
   

You can also open SSY account in major banks such as HDFC, ICICI, SBI and other banks.

1. Fill out the SSY Account opening form
2. Keep the documents ready such as birth certificate, aadhar card, address proof along with photographs.
3. Pay the initial deposit amount of 250
4. You can give a standing instruction at the branch or you can set up automatic credit to SSY Account online. Make sure the SSY account is activated before setting up a standing instruction.

SSY investment provides more returns than other small savings scheme and backed by the govt of India. The interest rate is fixed every quarter and the amount compounded yearly. This scheme is strictly regulated for the welfare of the girl child to provide financial stability in future. The maturity amount is under EEE category here one thing you need to understand is final amount is tax-free.