Sukanya Samriddhi Yojana (SSY)

Sukanya Samriddhi Yojana (SSY) was launched by the Government of India in January 2015 as a part of the ‘Beti Bachao, Beti Padhao’ campaign. This savings scheme is specifically designed to secure the financial future of girl children in India. It allows parents or legal guardians to open a savings account in the name of their girl child, where deposits can be made until she turns 10 years old. The scheme offers attractive interest rates and tax benefits, aiming to encourage parents to save for their daughters' education and marriage expenses. Over the years, SSY has garnered significant participation, contributing positively towards the financial inclusion of girls. However, consumer complaints have emerged regarding the scheme's operational aspects. Common grievances include delays in account opening, lack of awareness about the scheme's details among bank and post office staff, and difficulties in accessing updated passbooks or account statements. Some users have reported issues with the interest being credited incorrectly or the scheme's terms being miscommunicated, leading to confusion and dissatisfaction. Addressing these complaints, the government and financial institutions involved have been working to streamline processes and enhance customer support. Those encountering concerns related to Sukanya Samriddhi Yojana can use our platform to file consumer complaints. With a commitment to providing exceptional customer service, our team of lawyers ensures prompt and effective assistance.