Sukanya Samriddhi Yojana (SSY): 8.2% Interest, Safe Savings for a Daughter's Education and Future
This government savings scheme, opened at a post office or bank in a daughter's name, pays 8.2% a year for the October to December 2026 quarter. Interest and maturity amount are tax-free.
Scheme at a Glance
| Detail | Information |
|---|---|
| Scheme Name | Sukanya Samriddhi Yojana (SSY) |
| Launched | 2015, under Beti Bachao Beti Padhao |
| Interest Rate | 8.2% a year (October to December 2026 quarter) |
| Who Can Open | Parents or legal guardian of a girl below 10 years |
| Deposit Limit | Minimum ₹250, maximum ₹1.5 lakh per financial year |
| Deposit Period and Maturity | Deposit for 15 years, matures 21 years after opening |
| Where | Post office or authorised bank |
Latest Status
- The Finance Ministry has kept the SSY rate at 8.2% for the October to December 2026 quarter. Small savings rates are set every quarter and have not changed for many quarters in a row.
- The rate can change later. Ask the post office or bank for the new quarter's rate.
- The Section 80C deduction (up to ₹1.5 lakh) is available under the old tax regime. It is not available under the new tax regime. Check with your tax adviser.
Key Benefits
- One of the highest rates among government savings schemes
- Interest and maturity amount are tax-free
- Up to 50% withdrawal for studies after age 18 or Class 10 pass
- Account can be transferred to any post office or bank in India
Key Rules
| Topic | Rule |
|---|---|
| Number of accounts | One account per girl. Up to two daughters' accounts per family (exception for twins or triplets) |
| Deposits | In multiples of ₹50, by cash, cheque or demand draft |
| If you miss a deposit | The account becomes defaulted. It can be revived with a ₹50 penalty per year |
| Operation | Guardian until age 10. After that the girl herself |
| Withdrawal | Up to 50% of the balance at the end of the previous financial year, after 18 or Class 10 pass |
| Premature closure | On the girl's death, in special cases such as serious illness, or on marriage after 18 |
| After maturity | If not withdrawn, interest continues until closure |
Estimated Maturity Amount (at 8.2%)
| Yearly Deposit | Total Deposited in 15 Years | Approx. Amount at 21 Years |
|---|---|---|
| ₹50,000 | ₹7.5 lakh | ₹23.9 lakh |
| ₹100,000 | ₹15.0 lakh | ₹47.9 lakh |
| ₹150,000 | ₹22.5 lakh | ₹71.8 lakh |
This is only an estimate. Rates can change every quarter and the timing of deposits affects the amount.
Documents Required
- Girl's birth certificate
- Parent/guardian ID proof (Aadhaar, PAN)
- Guardian's address proof
- Passport-size photo
- Filled SSY account opening form
How to Open an Account
- Visit a nearby post office or authorised bank that offers SSY accounts.
- Get or download the account opening form.
- Fill in the girl's name, date of birth and the guardian's details.
- Attach the KYC documents.
- Submit the form with at least ₹250.
- You get a passbook once the account is opened. Remember to deposit the minimum amount every financial year.
Important Government Links
Helpline and Contact
India Post Customer Care1800-266-6868
Rajasthan Sampark181
Frequently Asked Questions
Until what age can an SSY account be opened?
- Before the girl turns 10.
For how many years do I deposit?
- 15 years. The account matures at 21 years.
Can a family have three accounts?
- Generally two. Twins or triplets are an exception.
Important Notes
- Rules, dates and amounts can change. Check an official source before deciding.
- Emitrawala.com is not a government website. This page is for information only.
- Do not pay money or share OTPs in the name of this scheme.
Need Help?
For help with forms, documents or any government service, contact Emitrawala.com. Our team will assist you.
