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Sukanya Samriddhi Yojana (SSY)

A government-backed savings account for a girl child’s future, currently earning 8.2% annual interest, tax-free.

Last verified 9 September 2026

Sukanya Samriddhi Yojana (SSY) is a small savings scheme run by India Post and participating banks, designed to help parents or guardians build a corpus for a girl child’s higher education or marriage. Interest is reviewed quarterly by the Government of India and is currently among the highest offered by any small savings scheme.

At a Glance

Government level
Central
State
All India
Category
Women
Target beneficiaries
Girl child under 10 years of age

Benefits

  • Interest rate of 8.2% per annum (Q1 FY2026-27), compounded annually
  • Deposits, interest and maturity amount are all tax-free (EEE status)
  • Minimum deposit of ₹250 and maximum of ₹1.5 lakh per financial year
  • Account matures 21 years from the date of opening
  • Partial withdrawal allowed after the girl turns 18, for higher education or marriage

Eligibility

  • Account can be opened by a parent or legal guardian on behalf of a resident Indian girl child
  • The girl child must be below 10 years of age at the time of account opening
  • A family may open the account for a maximum of two girl children (with exceptions for twins/triplets)

Documents Required

  • Birth certificate of the girl child
  • Identity and address proof of the parent or guardian (Aadhaar/PAN)
  • Passport-size photographs

How to Apply

  1. 1.Visit a designated bank branch or post office
  2. 2.Fill Form-1 and submit the required documents
  3. 3.Make the first deposit (₹250 to ₹1.5 lakh) by cash, cheque or demand draft to open the account

Official Source

National Savings Institute, Ministry of Finance

Visit Official Source

Important Information

Government scheme rules, benefit amounts and eligibility criteria can change. Always confirm current details on the official source above before applying, and never pay any third party to access a government service.

Frequently Asked Questions

What is the current SSY interest rate?

8.2% per annum for the April–June 2026 quarter, compounded annually. The rate is reviewed by the government every quarter.

When does an SSY account mature?

21 years from the date the account was opened, though partial withdrawals are permitted after the girl turns 18 for education or marriage.