Sukanya Samriddhi Yojana (SSY)
Interest rate8.2% per year (OctโDec 2026 quarter, unchanged) ยท set every quarter
Yearly depositMinimum โน250, maximum โน1,50,000
Deposit period15 years from opening
MaturityAfter 21 years
โ ๏ธ Interest rates can change every quarter, and so can tax rules. First confirm the latest rate from the post office/bank or indiapost.gov.in.
What is the scheme?
Sukanya Samriddhi is a government savings scheme opened in the name of a girl below 10 years. Parents or guardians open the account at a post office or authorised bank. It is seen as a safe long-term saving for education and marriage expenses.
Key benefits
- Government scheme with a high, annually compounded interest rate
- Account can be opened with just โน250
- Partial withdrawal allowed when the girl turns 18, for education etc., under set conditions
- Tax benefits under income tax law (check current tax rules)
Eligibility โ who can apply
- Account opens only in the name of a girl below 10 years
- One account per girl
- Generally up to two daughters per family (special rules for twins/three daughters)
- Account is opened by parents or legal guardian
Who is not eligible / things to note
- A new account cannot be opened for a girl aged 10 or above
- A second account for the same girl
Documents required
- Girl's birth certificate
- ID of parent/guardian (Aadhaar etc.)
- Address proof
- Passport-size photo
- First deposit (minimum โน250)
How to apply (step by step)
- Visit the nearest post office or authorised bank branch
- Fill the Sukanya Samriddhi account opening form
- Submit the birth certificate and ID/address proof
- Make the first deposit and collect the passbook
- Deposit at least โน250 every year (maximum โน1.5 lakh). Deposits are made for 15 years
๐งฎ Sukanya Samriddhi calculator
Frequently asked questions
What is the SSY interest rate?
It is 8.2% for the OctโDec 2026 quarter (unchanged, announced 30 Sept 2026). The government sets the rate every quarter, so ask the post office or Finance Ministry for the latest.
Till when does the account run?
It matures 21 years after opening, or can be closed on the girl's marriage after 18. Deposits are needed for only 15 years.
What if I miss a deposit in a year?
The account becomes defaulted if the minimum is not deposited. To regularise it you pay a penalty and arrears. Ask the post office.
Beware: Do not pay any agent or website in the name of applying for a government scheme. Applying on the official portal is generally free. Do not share OTP, PIN or confidential bank details with anyone.