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Suk samridhi yoga is a tax-free small saving scheme for the girl child that aims to encourage saving for her wellfare the scheme helps accumulate a large Corpus by regularly mobilizing a small amount of money it offers guaranteed return and tax benefits on both the amount invested and the interest earned the account matures 21 years after the date of opening and partial withdrawal or premature closure is allowed only in certain cases a Suk samidi yoga account can be opened at any branch of the post office or a bank you just need to fill up the account opening form submit a copy of the childs birth certificate and her photograph the guardian will have to submit a copy of their address and identity proof while you cant open an ssy account online the deposits can be made online once the account is operational
