December 6, 2021
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Sukanya Samriddhi Account uptake: regional disparities and dominant public bank distribution revealed in enrolment data.
SSA account openings from April 2018 to October 2021 totaled 1,42,73,910, with highest counts in Uttar Pradesh, Tamil Nadu, Maharashtra, Madhya Pradesh and Karnataka, and lowest counts in Lakshadweep, Andaman and Nicobar Islands, Ladakh, Mizoram and Sikkim. Reported regional variation is attributed to population size and parental ability or willingness to save. Banking channel data show 96.24% of recorded SSA accounts in public banks and 3.76% in private banks; Post Office accounts were excluded from the bank-distribution calculation.