The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched to secure the financial future of girl children in India. It helps parents build a long-term savings fund for their daughter’s higher education and marriage expenses.
Sukanya Samriddhi Yojana Interest Rate 2026
For October to December 2026, the Sukanya Samriddhi Yojana offers an attractive interest rate of 8.2% per annum. The government reviews small savings interest rates every quarter, so the rate may change in future quarters.
Eligibility for Sukanya Samriddhi Yojana
Parents or legal guardians can open an SSY account in the name of a girl child below 10 years of age. Generally, one account is permitted per girl child, with a maximum of two accounts for two girl children in a family, subject to scheme rules.
Minimum and Maximum Investment
The scheme offers flexible investment options:
- Minimum deposit: ₹250 per financial year.
- Maximum deposit: ₹1,50,000 per financial year.
- Deposits are required for 15 years from account opening.
- Account maturity: 21 years from the date of opening.
Benefits of Sukanya Samriddhi Yojana
One of the biggest advantages of this scheme is its government-backed security and attractive interest rate. Eligible deposits qualify for tax deductions under Section 80C, and interest earned and maturity proceeds are tax-exempt under applicable tax rules.
Partial withdrawals of up to 50% of the eligible balance are permitted for higher education, subject to conditions.
Documents Required
Applicants generally need the following documents:
- Girl child’s birth certificate.
- Parent or guardian’s Aadhaar card.
- PAN card or Form 60, as applicable.
- Sukanya Samriddhi account opening form.
How to Apply Online or Offline
Visit an authorised bank or post office offering the scheme. Complete the application form, submit the required documents, and deposit at least ₹250 to open the account.
Conclusion: Sukanya Samriddhi Yojana 2026 is a useful long-term savings option for parents who want to build a secure financial future for their daughters.
