The Central and State governments have devised several beneficial plans and campaigns to prioritise women’s welfare.

The Sukanya Samriddhi Yojana (SSY) is one such scheme 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 that encourages parents of girls to create a corpus for their daughters' future education and other expenses. A parent or legal guardian can open an SSY account before or when a girl turns 10. 

More than 25 banks in India can 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 two occasions -

• Full withdrawal for marriage.

• 50% withdrawal for education.

Individuals can check the Sukanya Samriddhi account balance online via the post office or 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.

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 the Sukanya Samriddhi account balance online. 

Then follow these steps -

Step 1: Open the bank's internet banking portal, which is approved for opening an SSY account.

Step 2: Enter your login credentials.

Step 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, not all banks 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

Under RBI regulation, you can shift your account to a nearby post office to conveniently check your Sukanya Samriddhi account online 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 under RBI and get approved for this scheme.

To check your Sukanya Samriddhi Yojana account balance through post office Internet banking, you need to follow these steps:

Step 1: Visit the official post office e-banking website.

Step 2: Log in to the DOP e-banking platform using your User ID.

Step 3: Once logged in, go to the ‘Account’ menu.

Step 4: Select the ‘SSA Account’ option from the menu.

You will be directed to the ‘My SSA Account’ page, where you will find details about your Sukanya Samriddhi Yojana account balance.

To obtain an SSY passbook, you must first open an SSY account. Here is how to get started:

Step 1: Obtain the application form from any India Post office or authorised banks, such as the State Bank of India and Axis Bank.

Step 2: Fill out the form and submit it with the required documents.

Step 3: Complete the account opening formalities.

After the formalities are done, you will receive your SSY passbook. You must keep the passbook safe as you will need it to update information about all transactions made on the account.

Through this beneficial scheme, the government tries to cover your daughter's future expenses easily and effectively. 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.