(Department of Economic Affairs)


New Delhi, the 2nd December. 2014

G.S.R.863(E).— In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873) , the Central Government hereby makes the following rules, namely:‑

1. Short title and commencement .– (1) These rules may be called the Sukanya Samriddhi Account Rules,2014.

(2) They shall come into force on the date of their publications in the Official Gazette.

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2.    Definitions In these rules, unless the context otherwise require . ‑

(a) ‘account’ means an account opened by a depositor in accordance with the provisions of these rules;

(b) ‘Act means the Government Savings Banks Act. 1873 (5 of 1873) ;

(c) ‘deposit’ means the money deposited by the depositor in an account under the rules;

(d ) Depositor’ means an individual who – on behalf of a minor girl child of whom he or she is the guardian. deposits money in an account under the rules;

(e) ‘post office’ means any post office in India doing savings bank work and authorised to open an account under these rules;

(f) ‘Bank’ means any branch of a commercial bank authorised by the Central Government to open an account
under these rules;

(g) ‘Year’ means financial year i.e. 1st April to 31st March;

(h) ‘Interest rate’ means the rate as may be declared by the Government on yearly basis to be applicable on accounts opened under these rules;

(i) Words and expressions used herein and not defined but defined in the Post Office Savings Bank General Rules.

1981 shall have the meanings respectively assigned to them in those rules.

3. Application of Post Office Savings Bank General Rules, 1981 and the Post Office Savings Account Rules, 1981:

The provisions of the Post Office Savings Bank General Rules, 1981 and the Post Office Savings Account Rules. 1981 may be applied in relation to matters for which no provision has been made in these rules.

4. Opening of Account– (1) The account may be opened by the natural or legal guardian in the name of a girl child from the birth of the girl child till she attains the age of ten years and any girl child, who had attained the age of ten years, one year prior to the commencement of these rules shall also be eligible for opening of the account under these rules.

(2) A depositor may open and operate only one account in the name of a girl child under these rules.

(3) Birth certificate of a girl child in whose name the account is opened shall be submitted by the guardian at the time of opening of the account in post office or bank along with other documents relating to identity and residence proof of the depositor.

(4) Natural or legal guardian of a girl child shall be allowed to open the account for two girl children only:

Provided that the natural or legal guardian of the girl child shall be allowed to open third account in the event of birth of twin girls as second birth or if the first birth itself results into three girl children, on production of a certificate to this effect from the competent medical authorities where the birth of such twin or triple girl children takes place.

5. Deposits- (I) The account may be opened with an initial deposit of one thousand rupees and thereafter any amount in multiple of one hundred rupees may be deposited subject to the condition that a minimum of one thousand rupees shall be deposited in a financial year but the total money deposited in an account on a single occasion or on multiple occasions shall not exceed one lakh fifty thousand rupees in a financial year.

(2) Deposits in an account may be made till completion of fourteen years. from the date of opening of the account.

(3) An irregular account where minimum amount as specified in sub-rule (1) has not been deposited may be regularised on payment of a penalty of fifty rupees per year along with the said minimum specified subscription for the year (s) of default any time till the account completes fourteen years.

6. Mode of Deposit– (1) The deposit in the account opened under these rules may be made –

a)  in cash; or

b) by cheque or demand draft drawn in favour of the postmaster of the concerned post office or the Manager of the concerned bank where the account stands and an endorsement on the back of such instrument shall be made and signed by the depositor indicating name of the account holder and account number in which the deposit is to be credited.

(2) Where deposit is made by cheque or demand draft, the date of encashment of the cheque or demand draft shall be the date of credit to the account.

7.Interest on deposit –(1) Interest at the rate, to be notified by the Government, compounded yearly shall be credited to the account till the account completes fourteen years.

(2) In case of account holder opting for monthly interest, the same shall be calculated on the balance in the account on completed thousands, in the balance which shall be paid to the account holder and the remaining amount in fraction of thousand will continue to earn interest at the prevailing rate.

8. Operation of account – (1) The account shall be opened and operated by the natural or legal guardian of a girl child till the girl child in whose name the account has been opened attains the age of ten years.

(2) On attaining age of ten years, the account holder that is the girl child may herself operate the account. however, deposit in the account may be made by the guardian or any other person or authority.

9. Premature closure of account- (1) In the event of death of the account holder the account shall be closed immediately on production of death certificate issued by the competent authority. and the balance at the credit of the account shall be paid along with interest till the month preceding the month of premature closure of the account , to the guardian of the account holder.

(2) Where the Central Government is satisfied that operation or continuation of the account is causing undue hardship to the account holder, it may, by order for reasons to be recorded in writing, allow pre-mature closure of the account  only in cases of extreme compassionate grounds such as medical support in life‑ threatening diseases, death, etc.

10. Pass book– (1) On opening an account, the depositor shall be given a pass book bearing the date of birth of the girl child, date of opening of account, account number. name and address of the account holder and the amount deposited.

(2) The pass book shall be presented to the post office or bank. as the case may be, at the time of depositing money in the account and receiving payment of interest and also at the time of final closure of the account on maturity.

11. Transfer of account –  The account may be transferred anywhere in India if the girl child in whose name the
account stands shifts to a place other than the city or locality where the account stands.

12. Withdrawal- (1) To meet the financial requirements of the account holder for the purpose of higher education and marriage, withdrawal up to fifty per cent of the balance at the credit, at the end of preceding financial year shall be allowed.

(2) The withdrawal referred to in sub-rule (1) shall be allowed only when the account holder girl child attains the age of eighteen years.

13. Closure on maturity– (1) The account shall mature on completion of twenty-one years from the date of opening of the account :

Provided that where the marriage of the account holder takes place before completion of such period of twenty-one years. the operation of the account shall not be permitted beyond the date of her marriage :

Provided further that where the account is closed under the first proviso the account holder shall have to give an affidavit to the effect that she is not less than eighteen years of age as on the date of closing of account.

(2)  On maturity, the balance including interest outstanding in the account shall be payable to the account holder on production of withdrawal slip along with the pass book.

(3) If the account is not closed in accordance with the provisions of sub-rule (1) interest as per the provisions of rule 7 shall be payable on the balance in the account till final closure of the account.

14. Power to relax- Where the Central Government is satisfied that the operation of any provision of these rules causes undue hardship to the account holder or account holders it may by order and for reasons to be recorded in writing, relax the requirements of that provision in a manner not inconsistent with the provisions of the Act.

[F. No.213/2014.NS-II]


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    Respected Sir/Madam,

    I just want to know that, how much amount returns after 21 years of girl child’s age for who Depositting Rs. 1000/- Per month for 14 years and for who Depositting Rs. 250/- Per Year for 14 years?

  2. Raveen Kumar says:

    My wife has open the Sukanya Samridhi yojna account of our girl child and during the account opening my wife has given his PAN number.

    Now I have to claim the tax benefit of SSY in my return please advise can i claim the benefit because my wife is house wife and i am paying the money by cash for this account .

  3. V R SHENOY says:

    The Scheme should have been extended further and liberal. I am donating some amount to NGO for education of girl child every year. Instead I can deposit 1000/- every month for a particular girl child of my wish till such time I wish and that can be helpful for the poor girl child and I will also have the satisfaction of my entire amount going directly to the benefit of poor girl child. Money can be made use by that girl child/parents including interest when girl child attains 18+ years. Marriages of girl child takes place after 18 and many will not wait till 21 years.

  4. O D SHARMA says:


  5. AJIKUMAR says:


  6. Pradeep kumar Jain says:

    Very confusing scheme.
    Cud nt understand whether the maturity is after 14 years or 21 years?
    Whether the interest will be paid after 14 years or not?
    Whether subscription will be taken after 14 years or not?
    whether only one withdrawal is allowed for education at age 18 or more age, or the limited amount of withdrawal is allowed in multiple transactions.
    What is the meaning of monthly interest paent?
    Can account continue beyound 21 years of age?
    What if the marriage does not take place.
    What is meaning and scope of operation by girl at age 10 onwards.
    Whether interest will accrue till the entire amount is withdrawn for unlimited period or it will cease at some time.
    And many more…

    Pl help with reply. May call or sms or whatsapp at 9431101260.

  7. K CH SUBBAIAH says:


  8. Rajee Kakar says:

    We have so many options for 80c. What is benefit of shifting from PPf to this account if no additional exeption is allowed. I feel FD will be better (no restrictions) if interest is taxable or there is no exemption from clubbing provisions. I think saving PO interest is taxable with saving interest exemption of 10000/-. This will be exausted in first year itself if Rs 1500000/- is deposited at expected rate of interest of 8% to 9%

  9. TEJASH says:

    dear sir and readers,

    please provide benefits of opting monthly interest option in it and tax benefits (if any) or other implications.

    is the interest earned on it is tax free?

    is amount invested is tax free?


  10. CA Vijay kumar says:

    It is not clear, whether Income Tax benefit U/s 80 C will be available to the subscriber or not . As post office Saving Bank General Rules 1981 are applicable, can we presume that Tax saving benefits will be available??

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