About the Scheme
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme for a girl child, offering one of the highest guaranteed interest rates among small savings schemes. Interest rate: 8.2% p.a. (FY2025-26), compounded annually. EEE tax status. Maturity at 21 years.
Target Beneficiaries: Girl children up to age 10; parents/legal guardians as operators; maximum 2 accounts per family
Implementing Agency: Post Offices and authorized Commercial Banks
Key Features
- Interest rate: 8.2% p.a. for FY2025-26 (compounded annually) — unchanged throughout 2024-25 and 2025-26
- Minimum deposit: ₹250/year; Maximum: ₹1.5 lakh/year
- EEE tax status: deduction under Sec 80C; interest + maturity tax-free
- Matures 21 years from account opening; partial withdrawal at 18 for education/marriage
- Opened in post offices and authorized banks for girls up to age 10
- Premature closure allowed for girl child marriage after age 18
- Account can be transferred anywhere in India
Eligibility Criteria
- A girl child must be a resident Indian citizen.
- The girl child's age must be below 10 years at the time of account opening.
- Only one account is allowed per girl child.
- A maximum of two accounts are permitted per family (with exceptions for twins/triplets).