Aadhaar and PAN Card Mandatory in Sukanya Samriddhi Yojana: What You Need to Know

Updates to Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana, a government-backed savings scheme aimed at securing a bright future for your daughter, has undergone some significant changes. In this article, we’ll delve into the details of Sukanya Samriddhi Yojana and explore the latest updates, particularly the new requirement for Aadhaar and PAN cards. 

This information will guide you through the scheme, help you make informed investment decisions, and ensure compliance to secure your daughter’s financial future.

Know more about: Sukanya Samriddhi Yojana (SSY): How to Apply, Benefits, Eligibility, Interest Rates, and More – Complete Guide!

Sukanya Samriddhi Yojana – A Glimpse

The Sukanya Samriddhi Yojana was introduced by the Central Government in 2015. This initiative allows parents to invest in their daughter’s education and marriage. At the end of the scheme’s tenure, a substantial amount is made available for the daughter’s marriage, typically after 21 years. Notably, investments made under this scheme are eligible for exemption under the Income Tax Act 80C, providing significant financial benefits to investors.

Launch Year2015
PurposeSecure your daughter’s future, including education and marriage
Tax BenefitsEligible for Income Tax Act 80C exemption
Minimum Deposit to Open Account₹250
Maximum Benefit₹1.50 lakh
Interest Rate8% (Competitive Interest Rate)
Mandatory DocumentsDaughter’s Aadhaar Card and Parent’s PAN Card
Grace Period for Aadhaar Card6 months (to ensure compliance)
Financial SecurityEnsures a strong financial foundation for your daughter’s future
Table 1: Sukanya Samriddhi Yojana at a Glance

Sukanya Samriddhi Yojana – New Mandatory Requirements

Under the revised guidelines, the Central Government has made Aadhaar and PAN cards mandatory for participation in the Sukanya Samriddhi Yojana. To apply for this scheme, you must now provide your daughter’s Aadhaar card and your PAN card. If your daughter doesn’t possess an Aadhaar card, there’s no need to panic. You are granted a grace period of six months to facilitate the application and procurement of your daughter’s Aadhaar card to ensure compliance and avail of the scheme’s benefits.

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Key Highlights

Affordable Account Opening: Parents can open an account in this savings scheme with a minimum deposit of just ₹250, making it accessible to a broad spectrum of income groups.

Substantial Maximum Benefit: The scheme offers a substantial maximum benefit of ₹1.50 lakh, ensuring that you can secure your daughter’s future with significant financial support.

Competitive Interest Rates: Sukanya Samriddhi Yojana provides an interest rate of 8%, which is one of the highest rates available. This ensures that your investments grow substantially over time, offering attractive returns.


Sukanya Samriddhi Yojana remains an excellent choice for parents seeking to secure their daughter’s financial future. With the mandatory inclusion of Aadhaar and PAN cards, the scheme aligns with modern financial practices, ensuring transparency and compliance. By investing in this scheme, parents can provide their daughters with a strong financial foundation and set them on a path to a secure and prosperous future. Don’t miss the opportunity to make a wise investment for your daughter’s future with Sukanya Samriddhi Yojana.

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FAQ – Sukanya Samriddhi Yojana

What is Sukanya Samriddhi Yojana?

Sukanya Samriddhi Yojana is a savings scheme launched by the Indian government to secure a girl child’s future, covering her education and marriage expenses.

When was Sukanya Samriddhi Yojana introduced?

The scheme was introduced in the year 2015 by the Central Government.

What is the minimum deposit required to open a Sukanya Samriddhi Yojana account?

You can open an account with just ₹250.

What is the maximum benefit one can receive under this scheme?

Sukanya Samriddhi Yojana offers a maximum benefit of ₹1.50 lakh.

Is there any tax benefit associated with this scheme?

Yes, investments in Sukanya Samriddhi Yojana are eligible for Income Tax Act 80C exemption.

What is the interest rate offered in this scheme?

The scheme offers a competitive interest rate of 8%, ensuring good returns on your investment.

Why are Aadhaar and PAN cards made mandatory for this scheme?

To apply for Samriddhi Yojana, both the daughter’s Aadhar card and the parent’s PAN card are now mandatory to comply with government regulations.

What if my daughter doesn’t have an Aadhar card?

You will have a grace period of 6 months to obtain your daughter’s Aadhar card to ensure compliance with the scheme’s requirements.

How can I secure my daughter’s future through this scheme?

By investing in Sukanya Samriddhi Yojana, you can create a strong financial foundation for your daughter’s future, ensuring her education and marriage expenses are covered.

Where can I get more information and invest in this scheme?

You can visit your nearest bank or financial institution to open a Sukanya Samriddhi Yojana account and obtain more details about the scheme.

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