The expenses of their daughter's education and marriage are often the biggest concern for parents. But if the government itself gives you a scheme with safe and guaranteed returns, then the worry is halved. Sukanya Samriddhi Yojana is one such scheme, in which you can secure your daughter's future with a small saving. The most special thing about this scheme is that it also provides tax exemption, and the interest rate is also higher than that of an FD.

The most reliable scheme for the future of daughters

Sukanya Samriddhi Scheme is a scheme that is considered to be the best option for every parent to invest safely for their daughter's education and marriage. But often people have this question in their mind that under this scheme, in how many daughters' names can a family open a Sukanya Samriddhi Account Scheme, and if there are twins or triplets, will everyone get the benefit of it? Let's understand the whole rule in simple language...

How many daughters' names can an account be opened for?

Generally, parents or legal guardians can open a Sukanya Samriddhi account in the name of only two daughters. But if twins or triplets are born in the family, then the government has made different rules for this.

What is the rule on twins and triplets?

If there is one daughter first and twins are born the second time, then the account can be opened in the name of all three daughters.

If there are three daughters, i.e., triplets for the first time, then also SSY accounts can be opened in the name of all three girls.

But if twin daughters are born for the first time, then parents will be able to open an account only for both of them. Later, if there is a third daughter, then the SSY account will not be opened for her.

Who can open an SSY account?

Under the Sukanya Samriddhi Yojana, only parents or legal guardians can open an account (SSY account opening online) in the name of their daughter below 10 years of age. Parents cannot open this account in their name.

Where and how to open a Sukanya Samriddhi Account?

Till now, the Sukanya Samriddhi Yojana account has not been opened online. It can be opened only by visiting a bank or post office branch. Here we are also telling you how you can open an SSY account...

You have to fill out the account opening form.

You have to provide your daughter's birth certificate, parents' ID, and address proof.

A minimum amount of Rs 250 and a maximum of Rs 1.5 lakh can be deposited annually in this account.

After opening the account, you can definitely make an online deposit by giving a Standing Instruction from NetBanking.

Interest rate and investment time limit

The government is currently giving 8.2% annual interest (SSY interest rate 2025) on the SSY account. It matures after the daughter turns 21 years old. Investment has to be made in this account for 15 years (SSY investment rules).

What will happen if money is not deposited annually? If money is not deposited in any year, the account becomes 'default'. To restart it, a penalty of ₹50 and the remaining amount will have to be deposited every year.

Sukanya Samriddhi Yojana (Sukanya Samriddhi accounts for girl child) is an excellent option for a secure future of a girl child. But invest only after clearly understanding the rules related to opening an account and the number of daughters.

Disclaimer: This content has been sourced and edited from NDTV India. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.