FEATURES


  • Attractive interest rate of 8.2% p.a (Interest rate is subject to change by Government of India.)  
  • Minimum ₹250 to be invested in one financial year and in multiple of ₹50 thereafter 
  • Maximum investment of ₹1.50 lakh can be made in one first financial year 
  • If the minimum amount of ₹250 is not deposited in any financial year, a penalty of ₹50 will be charged 
  • Disciplined long term savings of 15 years of deposits from the date of account opening with 21 years of maturity term 
  • Government backed savings scheme with 100% safety for the benefit of girl child
  • Passbook will be issued to customers 
  • Income tax benefit u/s 80 C with tax free maturity 
  • Maximise return by funding the account by 5th of the month. If amount is invested before the 5th of the Month interest will be calculated for the entire month else the next month would be considered for interest calculation 
  • SSY can be transferred from other bank / post office to HDFC Bank 


Partial Withdrawal Facility

  • To meet the financial requirements of the account holder for the purpose of higher education only, account holder can avail partial withdrawal facility after attaining 18 years of age 
  • If the beneficiary is married before maturity of account, account has to be closed 
  • Customer holding SSY account with other bank / Post Office to provide written request to other bank / post office for transfer to HDFC Bank Limited

Transfer of SSY account to HDFC Bank​​​​​​​

  • Other bank / Post office will close SSY account in their systems and provide closure proceeds along with the below documents
  1. Covering letter addressed to HDFC Bank Limited with account details
  2. Demand Draft favouring customer with closure proceeds
  3. Copy of passbook
  • Customer to collect the above documents in person from other bank / Post office and visit nearest HDFC Bank branch for transfer of account to HDFC Bank

ELIGIBILITY

Documentation