What is Sukanya Samriddhi Yojana (SSY)?
Sukanya Samriddhi Yojana is a government savings scheme for the girl child, launched under the "Beti Bachao, Beti Padhao" initiative. It offers the highest interest rate (8.2%) among all small savings schemes and triple tax exemption (EEE).
Key Features at a Glance
| Feature | Details |
|---|---|
| Interest Rate | 8.2% per annum (Q4 FY 2025-26) |
| Min. Investment | ā¹250/year |
| Max. Investment | ā¹1,50,000/year |
| Maturity | 21 years from opening (or marriage after 18) |
| Tax Benefit | EEE ā investment, interest, and maturity all tax-free |
| Eligible | Girl child below 10 years (max 2 daughters) |
Check eligibility for SSY and other women's schemes on LaabhMitra.
SSY Maturity Value Calculator ā How Much Will You Get?
Here's what your SSY account grows to at 8.2% interest:
| Yearly Investment | Monthly (Approx.) | You Invest (15 yrs) | Maturity Value (21 yrs) | Interest Earned |
|---|---|---|---|---|
| ā¹12,500 | ā ā¹1,000 | ā¹1,87,500 | ā¹5,93,000 | ā¹4,05,500 |
| ā¹50,000 | ā ā¹4,167 | ā¹7,50,000 | ā¹23,73,000 | ā¹16,23,000 |
| ā¹1,00,000 | ā ā¹8,333 | ā¹15,00,000 | ā¹47,45,000 | ā¹32,45,000 |
| ā¹1,50,000 | ā ā¹12,500 | ā¹22,50,000 | ā¹71,18,000 | ā¹48,68,000 |
Key point: You only need to invest for 15 years, but the account earns interest for the full 21 years. Those last 6 years of compound interest are pure profit!
If you invest the maximum ā¹1.5 lakh/year, your daughter gets over ā¹71 lakh ā completely tax-free ā for her higher education or marriage.
How to Open a Sukanya Samriddhi Account
Where to Open
- Any Post Office in India
- Authorized banks: SBI, PNB, BOB, HDFC, ICICI, and 20+ others
Step-by-Step Process
- Visit your nearest Post Office or bank branch
- Fill the SSY account opening form
- Submit documents:
- Girl child's birth certificate
- Parent/guardian's Aadhaar and PAN
- Address proof
- Make initial deposit (minimum ā¹250)
- Receive your SSY passbook
Rules to Remember
- Maximum 2 accounts ā one per daughter (exception for twins/triplets)
- Only one parent/guardian can open the account
- Girl must be below 10 years at account opening
- Minimum ā¹250 deposit every year or account becomes inactive (can be revived with ā¹50 penalty)
SSY Tax Benefits ā Triple Tax-Free (EEE)
SSY enjoys the rare EEE (Exempt-Exempt-Exempt) status:
| Stage | Tax Treatment | Details |
|---|---|---|
| Investment | Exempt (80C) | Up to ā¹1.5 lakh/year deduction |
| Interest | Exempt | Annual interest is completely tax-free |
| Maturity | Exempt | Entire maturity amount is tax-free |
This makes SSY one of the most tax-efficient investments available in India. Compare this with FDs where interest is fully taxable, or PPF which also has EEE but at a lower 7.1% rate.
Calculate your complete tax savings with our Income Tax Calculator. Also read: Top 5 Government Schemes for Women
ā Frequently Asked Questions
What is the current Sukanya Samriddhi interest rate?
The current SSY interest rate is 8.2% per annum (Q4 FY 2025-26). The rate is reviewed quarterly by the government and is the highest among all small savings schemes.
Can I open SSY for a girl above 10 years?
No, the girl child must be below 10 years of age at the time of account opening. If she turns 10, you cannot open an SSY account.
What happens if I miss a yearly deposit?
The account becomes inactive. You can revive it by paying a penalty of ā¹50 per year of default plus the minimum deposit of ā¹250 for each missed year.
When can I withdraw from SSY?
Partial withdrawal (up to 50%) is allowed after the girl turns 18 for education. Full maturity withdrawal is after 21 years or at the time of marriage after age 18.
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