Opening a savings account for your daughter’s future is one of the best decisions you can make. The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme designed just for this purpose. And the best part? You don’t have to visit a branch to open an SSY account. You can do it online through your bank!
In this article, we’ll walk you through how to open an online SSY account in a bank, step by step. Whether you’re a parent or guardian, this guide will help you get started in no time.
What is the Sukanya Samriddhi Yojana (SSY)?
Before we jump into the steps, let’s quickly understand what the SSY scheme is all about.
The Sukanya Samriddhi Yojana is a savings scheme launched by the Government of India in 2015 as part of the Beti Bachao, Beti Padhao campaign. It is aimed at promoting the welfare of the girl child by helping parents save for her future education and marriage expenses.
Here are some key features:
- Available for girls aged below 10 years
- High interest rate (better than regular savings accounts)
- Tax benefits under Section 80C
- Maturity period: 21 years or when the girl gets married after 18
- Minimum deposit: ₹250 per year
- Maximum deposit: ₹1.5 lakh per year
Can You Open SSY Account Online?
Yes, many leading banks in India such as SBI, HDFC Bank, ICICI Bank, Axis Bank, and others now allow you to open an SSY account online if you already have a savings account with them and access to internet or mobile banking.
Note: Not all banks offer complete online SSY account opening. Some may require you to complete part of the process offline. However, the initial request and form submission can be done online in most cases.
Documents Required to Open an SSY Account Online
Before you start, make sure you have the following documents ready in scanned format:
- Birth certificate of the girl child
- Identity proof of the parent/guardian (Aadhaar, PAN, etc.)
- Address proof (Aadhaar, passport, utility bill, etc.)
- Passport size photographs (optional, depends on the bank)
- Existing savings account details
Step-by-Step Guide to Open Online SSY Account in Bank
Here’s a general step-by-step process. The interface might vary slightly depending on the bank, but the steps are mostly the same:
Step 1: Log in to Your Bank’s Net Banking or Mobile App
- Go to your bank’s official website or open the mobile app.
- Use your username and password to log in to your internet banking account.
Step 2: Navigate to Government Schemes or Account Opening
- Look for an option such as “Government Schemes”, “Savings Schemes”, or “Open SSY Account”.
- In some banks, this option may be under “Services” or “Requests”.
Step 3: Fill in the Required Details
- Select Sukanya Samriddhi Yojana (SSY) as the scheme.
- Enter the details of the girl child such as name, date of birth, and Aadhaar number.
- Enter your own details as the guardian.
Step 4: Upload the Documents
- Upload scanned copies of the birth certificate, ID proof, and other required documents.
- Double-check that the documents are clear and valid.
Step 5: Set the Deposit Amount
- Decide the initial deposit amount (minimum ₹250).
- You can also set up a standing instruction or auto-debit for yearly/monthly deposits.
Step 6: Review and Submit
- Check all the details thoroughly.
- Click on Submit.
- You may receive an OTP (One-Time Password) for verification.
Step 7: Confirmation and Passbook
- Once the request is processed, you’ll get a confirmation message or email.
- Some banks offer a digital passbook you can download. Others may provide a physical one at the branch.
Things to Keep in Mind
- Only one SSY account can be opened per girl child.
- A maximum of two girl children per family can be enrolled. A third is allowed only in case of twin girls as second birth.
- Interest is compounded yearly and credited to the account.
- You can transfer the account between banks or post offices if needed.
Final Thoughts
Opening a Sukanya Samriddhi Yojana account online is a smart, hassle-free way to secure your daughter’s future. With just a few clicks and the right documents, you can begin a disciplined savings journey that offers attractive returns and tax benefits.
