How to Check Sukanya Samriddhi Account Balance?

The Central and State governments have come up with several beneficial plans and campaigns to make women’s welfare a priority.

The Sukanya Samriddhi Yojana (SSY) is one of such schemes offering financial aid to a girl child in India. The government introduced it in 2015 under the Beti Bachao Beti Padhao campaign.

Want to know more about this scheme and how to check Sukanya Samriddhi account balance online?

Keep reading!

SSY is a government-backed savings scheme to encourage the parents of a girl child to create a corpus for her future education and other expenses. A parent or legal guardian of a girl child can open this account until 10 years from her birth. 

More than 25 banks in India are accessible to open SSY accounts and update passbooks. Plus, the government offers interest at 8.2% on investments.

Here are more details regarding this scheme.

You can deposit the following amount in a financial year -

• Minimum: ₹250
• Maximum: ₹1.5 lakh

The account remains operative for a maximum of 21 years from its date of initiation, and you can withdraw the amount after she attains 18 years of age on 2 occasions -

• Full withdrawal for marriage.
• 50% withdrawal for education.

Individuals can perform a Sukanya Samriddhi account online check via post office or through a bank with just their account number. It also gets tax exemption under Section 80C of the income tax act.

The legal guardian or parents can close the SSY account -

• After completion of 21 years from the date of account opening.
• Minimum after 15 years with 5 years of continuous deposit.

Here are all the details of this beneficial plan in a nutshell -

Individuals can check their SSY account balance both online and offline.

While opening an SSY account, you will get an account number and online login credentials. With that, you will get a user manual on how to check Sukanya Samriddhi account balance online. 

Then follow these steps -

1. Open the internet banking portal of the bank approved for opening an SSY account.
2. Enter your login credentials.
3. On the homepage, you can check the Sukanya Samriddhi account balance, which will be visible on the dashboard.

Please note that you can only check the balance and not execute any transaction from this account.

However, all banks do not provide online login credentials. In that case, individuals can know Sukanya Samriddhi account balance offline.

For SSY balance check in offline mode, you have to visit the bank or post office where you have opened the account and know your balance by -

• Updating the passbook
• Collecting current bank statement

You can shift your account to a nearby post office under RBI regulation for the convenience of your Sukanya Samriddhi account online check from the post office.

You can also perform this offline check at your applicable bank. If the distance is an issue, you can shift it to another bank, which is under RBI and approved for this scheme.

The government tries to cover your daughter's future expenses in an easy and effective way through this beneficial scheme. They maintain transparency of interest rate deposition and the total amount in the account. This is why you can easily check Sukanya Samriddhi account balance online and offline.