How to apply for Balika Samriddhi Yojana?
The scheme is administered differently in rural and urban areas:
Rural areas – Application forms can be collected from Anganwadi workers under ICDS.
Urban areas – Health department functionaries manage the scheme.
Fill out the form with accurate details.
Submit the completed form to the respective authority.
Eligibility criteria for BSY Yojana
To apply for BSY, the following conditions must be met:
The family should belong to the Economically Weaker Section (EWS) or Below Poverty Line (BPL).
Parents should not be taxpayers or recipients of government pension schemes.
Benefits are limited to two girl children per family.
The annual income of parents/guardians must not exceed Rs. 2 lakh.
The girl should pursue her education up to high school.
For families aiming to secure long-term stability, Bajaj Finance FD provides an excellent complement to BSY—especially since deposits can start with as little as Rs. 15,000. Check rates.
Documents required for Balika Samriddhi Yojana
Girl child’s birth certificate.
Identity proof of parents/guardians (PAN, voter ID, passport).
Address proof (ration card, Aadhaar, utility bills, voter ID).
Photographs of the child and parents.
Other important factors to note
Benefits are directly credited to the girl’s bank account.
The account must be interest-bearing to ensure maximum growth.
Families are encouraged to pair BSY with saving schemes like PPF or FDs for better returns.
Upon turning 18 (if unmarried), the girl can withdraw the entire amount.
Early marriage may reduce benefits.
In case of death before 18, the accumulated balance can be withdrawn.
Unlike BSY which has restrictions, Bajaj Finance FD gives you flexibility in tenure (12 to 60 months), ensuring funds are available when needed for education, marriage, or emergencies. Open FD.
Interest rates for Balika Samriddhi Scheme
The scheme offers reasonable interest rates, but premature withdrawals are not allowed. Beneficiaries can use a portion of the deposit for essentials like books and uniforms.
By pairing BSY with secure instruments like Bajaj Finance FD, families can ensure better interest growth and flexible access to funds.
Also Read: Investment plans for girl child
Conclusion
The Balika Samriddhi Yojana is a commendable step by the government to uplift girls from economically weaker families by supporting their education and well-being. While BSY provides basic financial assistance, complementing it with guaranteed-return instruments like Bajaj Finance Fixed Deposit ensures a stronger financial future for your daughter.
Investing early in secure options not only multiplies savings but also gives you peace of mind as your child grows into a financially independent future.
Secure her tomorrow today with Bajaj Finance FD—trusted, AAA-rated, and offering one of the highest senior citizen FD rates in the market. Open FD account.
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