Sukanya Samriddhi Yojana Account FAQs

The Account shall mature on the Account holder completing 21 (twenty-one) years, from the date of opening the Account. However, the closure of the Account may also be permitted before completion of twenty-one years in case the Account holder intends to marry, by furnishing a declaration duly signed on a non-judicial stamp paper and attested by the Notary, supported with proof of age confirming that the applicant is not less than eighteen years of age on the date of marriage.

No such closure shall be allowed one month before the date of the intended marriage or after three months from the date of marriage.

The holder must give a Closure Request post maturity of the Account, for the Account to be closed.

Customers can transfer their existing SSY account held with other bank/ Post Office to ICICI Bank

• SSY transfer process
  Customer needs to submit SSY Transfer Request at existing bank/ Post Office mentioning the address of ICICI Bank branch
• The existing bank/Post Office shall arrange to send the original documents such as a certified copy of the account, the Account Opening Application, specimen signature, etc. to the ICICI Bank branch address, along with a cheque/ DD for the outstanding balance in the SSY account.

Process at ICICI Bank Branch

Once the transfer documents are received at ICICI Bank branch, the customer is required to submit new SSY Account Opening Form along with fresh set of KYC documents.

To locate the nearest ICICI Bank Branch, visit maps.icicibank.com/mobile .

• The account can 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 10 years
• The girl child and the guardian must be Resident Indian Citizens at the time of opening the SSY Account.
• Natural or legal guardian of a girl child can be allowed to open the account for two girl children only. The third account in the name of the girl child can be opened  in the event of birth of twin girls as second birth or if the first birth itself results into three girl children

No, loan facility cannot be availed In SSY account.

Partial Withdrawal facility is available for higher education, after the Account holder attains 18 years of age or passes 10th standard.

One may deposit cash/cheque in Sukanya Samriddhi Yojana (SSY) Account by visiting an ICICI Bank Branch or by transferring funds through the SSY portfolio in the linked Guardian’s Account.

To apply for Sukanya Samriddhi Yojana (SSY) scheme, the guardian is required to fill the Account opening form on behalf of the minor girl child and submit it at any ICICI Bank branch with the KYC documents.

You may click here to know more details of Sukanya Samriddhi Yojana (SSY):

The current interest rate is 8.2%, which is compounded annually. The interest rate is as governed by Ministry of Finance from time to time.

No, only one SSY account can be opened in the name of the girl child either by natural or legal guardian.

 For customers with an existing relationship with ICICI Bank, the following documents are required:

• Sukanya Samriddhi Yojana Scheme Account Opening Form
• Birth Certificate Copy of Girl Child
• Aadhaar & PAN Copy of the Guardian
• Residence & Identity Proof (as per RBI guidelines).
• Adoption Certificate/Court's Letter of Appointment of Guardian (where the Account is to be opened by anyone other than mother/father).

• In the event of death of the account holder.
• in case of extreme compassionate grounds such as medical support in life-threatening diseases of the account holder or death of the guardian that the operation or continuation of the account is causing undue hardship to the account holder.

Provided that no premature closure of an account under this sub-paragraph shall be made before completion of five years from the date of opening of the account.

The minimum deposit amount is Rs. 250 per annum and the maximum amount is Rs. 1,50,000 per annum.

Penalty of Rs. 50 will be levied per year of default, if the customer does not deposit the minimum deposit amount of Rs. 250 in a financial year.