{"id":16587,"date":"2025-09-30T16:43:56","date_gmt":"2025-09-30T16:43:56","guid":{"rendered":"http:\/\/tezgyan.com\/index.php\/2025\/09\/30\/have-two-daughters-know-if-you-can-open-two-sukanya-samriddhi-accounts-key-rules-explained-savings-and-investments-news\/"},"modified":"2025-09-30T16:43:56","modified_gmt":"2025-09-30T16:43:56","slug":"have-two-daughters-know-if-you-can-open-two-sukanya-samriddhi-accounts-key-rules-explained-savings-and-investments-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/09\/30\/have-two-daughters-know-if-you-can-open-two-sukanya-samriddhi-accounts-key-rules-explained-savings-and-investments-news\/","title":{"rendered":"Have Two Daughters? Know If You Can Open Two Sukanya Samriddhi Accounts \u2013 Key Rules Explained | Savings and Investments News"},"content":{"rendered":"


\n<\/p>\n

\n

Last Updated:<\/span>

As the Centre\u2019s Sukanya Samriddhi Yojana (SSY) enters its 10th year in 2025, here\u2019s a look at the most frequently asked questions<\/h2>\n
<\/p>\n
\n
\n
\n
\"font\"<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\"Sukanya<\/p>\n

Sukanya Samriddhi<\/p>\n<\/figure>\n

As the Centre\u2019s Sukanya Samriddhi Yojana (SSY) enters its 10th year in 2025, here\u2019s a look at the most frequently asked questions (FAQs) about the popular savings scheme, including how many accounts a family can open.<\/p>\n

Launched in January 2015 under the government\u2019s \u2018Beti Bachao, Beti Padhao\u2019 initiative, the SSY aims to help families secure their daughters\u2019 future by encouraging long-term savings. According to a PIB release, more than 4.1 crore SSY accounts had been opened across India as of November 2024, reflecting the scheme\u2019s widespread adoption.<\/p>\n

Eligibility and Account Management<\/h3>\n

An SSY account can be opened by a legal guardian for a girl child up to 10 years of age. The account remains under the guardian\u2019s control until the girl turns 18, after which she can take charge of it by submitting the necessary documents. \u201cThis allows the guardian to oversee the savings and ensure that the funds are utilised effectively for the child\u2019s education and future needs,” the PIB release noted.<\/p>\n

Key Features of the Scheme<\/h3>\n

The scheme allows a minimum annual deposit of Rs 250 and a maximum of Rs 1.5 lakh in a financial year.<\/p>\n

Only one account can be opened per girl child, and if duplicate accounts are created \u2014 for instance, by grandparents \u2014 they will be closed, and control will rest with the legal guardian.<\/p>\n

SSY accounts can be opened at post offices as well as authorised public and private banks, including SBI, HDFC Bank, and ICICI Bank.<\/p>\n

The account has a maturity period of 21 years from the date of opening. Withdrawals are permitted for the higher education of the account holder, and premature closure is allowed if the girl marries after turning 18.<\/p>\n

Deposits qualify for deduction under Section 80C of the Income Tax Act, while the interest earned is tax-free under Section 10.<\/p>\n

Required Documents<\/h3>\n

To open an SSY account, the guardian must submit Form 1 along with the following documents:<\/p>\n