Sukanya Samriddhi Yojana: When Can I Invest in SSY?

One of the most popular small savings schemes, Sukanya Samriddhi Yojana helps you secure your girl child’s financial future. The baby girl’s parents or a guardian who was legally assigned to her can operate the account. To understand when can you invest in Sukanya Samriddhi Yojana, I suggest you go through the article carefully:

Sukanya Samriddhi Yojana: When Can I Invest in SSY?

How long can you deposit in the SSY account?

Sukanya Samriddhi Account Scheme 2019 allows you to make deposits in it for 15 years from the date you opened the account.

Every girl child who has not attained the age of 10 can get an account in her name from either her parents or her legal guardian. Once the account is opened, you can deposit in it for the next 15 years.

For example, if you opened an account on 1 January 2020 when your child was 9 years old, you can make deposits in it for the next 15 years till 1 January 2035 when your child attains the age of 24 years.

SSY Scheme 2029 rules state “Deposits may be made in the account till the completion of a period of fifteen years from the date of opening of the account.”

Sukanya Samriddhi Yojana Account, SSY Account, matures after the completion of 21 years from the date it was opened.

The rule states that “The account shall mature on completion of a period of twenty-one years from the date of its opening.” So, if you opened an account when your girl was 9, her account will mature when she is 30 years old.

How long can you operate an SSY account?

The account requires depositing for 15 years and matures after 21 years. The guardian or the parent needs to operate the account until the daughter attains 18 years of age. Once she is 18, she can submit a few documents to confirm her age and then operate the account herself.

Premature Closure

One can get premature closure of the SSY account which would be before it could complete 21 years on the account of marriage. However, you can also withdraw 50% of the money from the account for the purpose of educating the account holder.


In this article, we learnt about the Sukanya Samriddhi Yojana and the timelines related to the same. I hope you have learnt when you can invest in the scheme and for how long. Also, make sure that you understand how long you can operate the account and when it could be passed on to your daughter.

Please share this article with people who gave birth to their daughters in the recent past.

Also Read:

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Open Sukanya Samriddhi Yojana Account For Three Girls, Check Eligibility


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