Sukanya Samriddhi Yojana: Interest Rate, Benefits, and How to Open an Account in 2025
Sukanya Samriddhi Yojana (SSY) is a central government small savings scheme designed exclusively for the financial security of girl children in India, currently offering 8.2% interest per annum for FY 2025–26. Launched under the Beti Bachao Beti Padhao campaign and administered by the Ministry of Finance through India Post and authorised banks, SSY gives parents a long-term, tax-free savings instrument for their daughter's education and marriage expenses. Accounts can be opened at any authorised bank branch or post office, this page covers the current interest rate, eligibility, documents, how to open an account, and how to estimate your maturity amount.
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana (SSY) is a government-backed small savings scheme launched on 22 January 2015 under the Beti Bachao Beti Padhao campaign by the Ministry of Finance, Department of Economic Affairs. The scheme was introduced to create a dedicated, high-interest savings instrument for parents of girl children, helping them build a corpus for higher education and marriage expenses over a long horizon.
SSY operates as a sovereign-guaranteed savings account, not a market-linked investment, making it one of the safest long-term savings options available in India. The account earns interest at a rate set by the Government of India, revised quarterly, and currently fixed at 8.2% per annum (compounded annually) for FY 2025–26. Deposits made into the account, interest earned, and the maturity amount are all exempt from income tax under Section 80C and Section 10 of the Income Tax Act, making SSY a fully EEE (Exempt-Exempt-Exempt) instrument. The scheme was last significantly revised in 2019 and 2023, when rules around premature closure and partial withdrawal were updated.
Key Benefits of Sukanya Samriddhi Yojana
| Benefit Type | Amount / Description | Applicable Category |
|---|---|---|
| Interest rate (FY 2025–26) | 8.2% per annum, compounded annually | All SSY account holders |
| Annual deposit range | Minimum ₹250 / Maximum ₹1,50,000 per financial year | All account holders |
| Tax deduction on deposit | Up to ₹1.5 lakh per year under Section 80C | Parent / guardian filing ITR |
| Tax on interest earned | Fully exempt, no TDS | All account holders |
| Tax on maturity amount | Fully exempt under Section 10 | All account holders |
| Partial withdrawal | Up to 50% of balance at end of previous financial year, allowed after girl turns 18 | For higher education expenses only |
| Premature closure | Allowed after 5 years in cases of life-threatening illness or death of account holder / guardian | Exceptional cases only |
| Account maturity | 21 years from date of account opening, or on girl's marriage after age 18 | All account holders |
| Sovereign guarantee | Backed by Government of India, no market risk | All account holders |
Eligibility Criteria
| Criterion | Requirement |
|---|---|
| Who can open the account | Parent or legal guardian of a girl child |
| Girl child's age at account opening | Must be below 10 years |
| Citizenship | Girl child must be an Indian citizen and resident |
| Maximum accounts per family | One account per girl child; maximum two accounts per family (three allowed in case of twin/triplet girls at second birth) |
| NRI eligibility | NRI girls are not eligible; if the girl becomes an NRI or non-citizen after account opening, the account must be closed |
| Minimum deposit to keep account active | ₹250 per financial year (account becomes inactive if minimum not deposited) |
Eligibility is subject to revision. Verify current conditions at nsiindia.gov.in or your nearest post office or authorised bank before opening an account.
Documents Required
| Document | Purpose |
|---|---|
| Girl child's birth certificate | Mandatory proof of age (must be below 10 years) |
| Parent's / guardian's Aadhaar card | Identity proof for account opening |
| Parent's / guardian's PAN card | Required by authorised banks; may be needed for deposits above ₹50,000 |
| Parent's / guardian's address proof | Passport, Voter ID, utility bill, or Aadhaar with current address |
| Passport-size photographs of parent / guardian | For bank / post office records |
| Medical certificate (for multiple births) | Required if opening a third account in case of twins or triplets at second birth |
How to Open a Sukanya Samriddhi Yojana Account
At a Post Office (Offline)
- Visit your nearest India Post branch with original documents and photocopies.
- Request the SSY account opening form (Form-1); it is available free of cost at the counter.
- Fill in the girl child's details, parent/guardian details, and nominee information.
- Submit the completed form along with photocopies of all required documents.
- Make the first deposit, minimum ₹250, maximum ₹1,50,000, in cash, cheque, or demand draft.
- Collect your SSY passbook; it serves as your account record for all future deposits and transactions.
At an Authorised Bank (Offline / Online)
- Visit any branch of an authorised bank, includes SBI, Bank of Baroda, Punjab National Bank, Canara Bank, HDFC Bank, ICICI Bank, Axis Bank, and other RBI-designated banks.
- Request the SSY account opening form or download it from the bank's website.
- Submit the form with KYC documents and initial deposit at the branch.
- Some authorised banks, including SBI, HDFC Bank, and ICICI Bank, allow SSY account opening and subsequent deposits through their net banking or mobile banking portals after the initial in-branch KYC is completed.
PaisaOne does not open or manage SSY accounts. All accounts must be opened directly at an authorised post office or bank branch.
How to Check Your SSY Account Balance and Status
At a Post Office
- Visit your home post office with your SSY passbook.
- Request a passbook update at the counter to see your current balance and interest credited.
Via Bank Net Banking / Mobile App
- Log into your bank's net banking or mobile banking application.
- Navigate to your SSY account under the 'Deposits' or 'Government Schemes' section.
- View balance, transaction history, and interest credited for the financial year.
For Grievances
- India Post helpline: 1800-11-2011 (toll-free)
- Ministry of Finance, Public Grievances: pgportal.gov.in
- RBI Ombudsman (for bank-related SSY complaints): rbi.org.in/ombudsman
Sukanya Samriddhi Yojana, Maturity Amount Calculation
SSY's maturity corpus depends on the annual deposit amount, the age at which the account is opened, and the prevailing interest rate. Interest is compounded annually on the balance at the end of each financial year.
| Annual Deposit (₹) | Account Opened at Age | Approx. Maturity Amount |
|---|---|---|
| ₹250 (minimum) | 1 year | ~₹1.2 lakh |
| ₹12,500/month (₹1.5L/year) | 1 year | ~₹71–72 lakh |
| ₹12,500/month (₹1.5L/year) | 5 years | ~₹48–50 lakh |
| ₹12,500/month (₹1.5L/year) | 9 years | ~₹30–32 lakh |
SSY Interest Rate History
| Period | Interest Rate (% p.a.) |
|---|---|
| FY 2025–26 | 8.2% |
| FY 2024–25 | 8.2% |
| FY 2023–24 (Q1–Q2) | 8.0% |
| FY 2023–24 (Q3–Q4) | 8.2% |
| FY 2022–23 | 7.6% |
| FY 2021–22 | 7.6% |
| FY 2020–21 | 7.6% |
| FY 2019–20 | 8.4% |
| FY 2018–19 | 8.1–8.5% (revised quarterly) |
| FY 2016–17 | 8.6% |
| FY 2015–16 (launch) | 9.2% |
Where to Open an SSY Account, Authorised Banks and Post Offices
| State | Post Office Coverage | Authorised Banks Available |
|---|---|---|
| Uttar Pradesh | All district and sub-district post offices | SBI, PNB, Bank of Baroda, Canara Bank, HDFC, ICICI, Axis + others |
| Maharashtra | All district and sub-district post offices | SBI, Bank of Maharashtra, Bank of Baroda, HDFC, ICICI, Axis + others |
| West Bengal | All district and sub-district post offices | SBI, UCO Bank, Allahabad Bank, HDFC, ICICI + others |
| Bihar | All district and sub-district post offices | SBI, Central Bank of India, Bank of India, PNB + others |
| Madhya Pradesh | All district and sub-district post offices | SBI, Bank of India, Central Bank, HDFC, ICICI + others |
| Rajasthan | All district and sub-district post offices | SBI, Bank of Baroda, PNB, Axis, HDFC + others |
| Tamil Nadu | All district and sub-district post offices | SBI, Indian Bank, Canara Bank, HDFC, ICICI + others |
| Karnataka | All district and sub-district post offices | SBI, Canara Bank, Syndicate Bank, HDFC, ICICI + others |
| Gujarat | All district and sub-district post offices | SBI, Bank of Baroda, Dena Bank, HDFC, ICICI, Axis + others |
| Andhra Pradesh | All district and sub-district post offices | SBI, Andhra Bank, Indian Bank, HDFC, ICICI + others |
