http://www.indiapost.gov.in/SukanyaSamriddhi.aspx

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Sukanya Samriddhi Accounts      

• Rate of interest 9.1% Per Annum(2014-15),calculated on yearly basis ,Yearly compounded.

• 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

• A legal Guardian/Natural Guardian can open account in the name of Girl Child.

• 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.

• 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.

• 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.

• Partial withdrawal, maximum up to 50% of balance standing at the end of the preceding financial year can be taken after Account holder’s attaining age of 18 years.
• Account can be closed after completion of 21 years.

• If account is not closed after maturity, balance will continue to earn interest as specified for the scheme from time to time.

• Normal Premature closer will be allowed after completion of 18 years /provided that girl is married.

For An Example

 

Year			Rate Of Interest	9.10%
SR	Next_Year_ Amt	Deposit_Amt	Year_Paid	Year_Interest	Due_Amount
1	0	12,000	12,000	1,092	13,092
2	13,092	12,000	25,092	2,283	27,375
3	27,375	12,000	39,375	3,583	42,959
4	42,959	12,000	54,959	5,001	59,960
5	59,960	12,000	71,960	6,548	78,508
6	78,508	12,000	90,508	8,236	98,744
7	98,744	12,000	110,744	10,078	120,822
8	120,822	12,000	132,822	12,087	144,909
9	144,909	12,000	156,909	14,279	171,188
10	171,188	12,000	183,188	16,670	199,858
11	199,858	12,000	211,858	19,279	231,137
12	231,137	12,000	243,137	22,125	265,262
13	265,262	12,000	277,262	25,231	302,493
14	302,493	12,000	314,493	28,619	343,112
15	343,112	0	343,112	31,223	374,335
16	374,335	0	374,335	34,064	408,400
17	408,400	0	408,400	37,164	445,564
18	445,564	0	445,564	40,546	486,110
19	486,110	0	486,110	44,236	530,346
20	530,346	0	530,346	48,262	578,608
21	578,608	0	578,608	52,653	631,261
22	631,261	0	631,261	57,445	688,706
23	688,706	0	688,706	62,672	751,378
24	751,378	0	751,378	68,375	819,753
25	819,753	0	819,753	74,598	894,351
26	894,351	0	894,351	81,386	975,737
27	975,737	0	975,737	88,792	1,064,529
28	1,064,529	0	1,064,529	96,872	1,161,401
	Total	168000

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