Sukanya Samriddhi Yojana (SSY), launched on 22nd January 2015 by Prime Minister Narendra Modi, helps families save for their daughter’s future. Parents or guardians can open an SSY account at any post office or approved bank with just ₹250. The scheme helps save money for education, marriage, and other long-term goals. It gives good returns, tax benefits, and financial security, making it a safe and trusted plan for girls in India in 2026.
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Invest ₹10k/month your child will get ₹1 Cr# Tax-Free*
Sukanya Samriddhi Yojana is a government-backed savings scheme created specially for the girl child. It was launched under the "Beti Bachao Beti Padhao" initiative. The SSY account is opened in the name of a girl child. Parents or legal guardians manage it until the girl becomes an adult.
This investment plan for girl child is a tax-saving scheme. The invested amount and interest earned are exempted from tax under the Income Tax Act, 1961. It offers an annual SSY interest rate of 8.2%, which is compounded annually. You can make partial withdrawals from this account at the age of 21 or before, subject to certain penalties.
| Scheme Name | Sukanya Samriddhi Yojana (SSY) |
| Interest Rate | 8.2% per annum for Q4 of FY 2025-26 (January-March 2026) |
| Minimum Investment | ₹250 (multiples of ₹50) |
| Maximum Investment | ₹1.5 lakhs per year |
| Deposit Period | 15 years from opening |
| Account Maturity | 21 years from opening (or marriage after age 18) |
| Tax Benefits | You can avail a tax benefit of up to ₹1.5 lakh during a financial year under this scheme under section 80C of the Income Tax Act of 1961. |
| No. of Accounts (per Family) | 2 Maximum (3rd allowed for twins) |
The following are the eligibility criteria for the Sukanya Samriddhi Yojana:
Sukanya Samriddhi Yojana allows flexible deposits, making it suitable for families with different income levels.
**Please note that once the duration of the scheme is completed or if the girl becomes a Non-Resident Indian (NRI) or a non-citizen, interest payments are no longer applicable.
| Period | Interest Rate (% annually) |
| Jan 2026 - Present | 8.2 |
| Jul 2024 – Dec 2025 | 8.2 |
| Oct 2023 – Jun 2024 | 8.0 |
| Jan 2023 – Sep 2023 | 7.6 |
| Jul 2022 – Dec 2022 | 7.6 |
| Apr 2022 – Jun 2022 | 8.0 |
| Jul 2019 – Mar 2022 | 7.6 |
| Jan 2019 – Jun 2019 | 8.5 |
| Jul 2018 – Dec 2018 | 8.1 |
| Apr 2018 – Jun 2018 | 8.1 |
| Jul 2017 – Mar 2018 | 8.3 |
| Apr 2017 – Jun 2017 | 8.4 |
Sukanya Samriddhi Yojana provides triple tax benefits, which make it highly tax-efficient.
The power of the SSY scheme lies in the compounding interest over 21 years. You can understand the real projections from this investment plan in 2026 by using the SSY calculator:
| Annual Deposit | Deposit Period | Total Invested (15 yrs) | Investment Growth Period | Interest Rate in 2026 | Maturity Value (in 21 years, by 2047) |
| ₹1 lakh | 15 years | = ₹1 lakh ✖ 15 = ₹15 lakhs | 21 years | 8.2% p.a. | ₹46.18 lakhs |
| ₹1.5 lakhs | 15 years | = ₹1.5 lakh ✖ 15 = ₹22.5 lakhs | 21 years | 8.2% p.a. | ₹69.27 lakhs |
*You can customise your SSY calculator to plan your investment plan for Ivy League education or the dream wedding of your girl child.
The Sukanya Samriddhi Yojana offers the following advantages over traditional FDs or other government schemes to invest in India in 2026:
SSY builds a dedicated fund for milestones like university or marriage. Parents avoid loan burdens this way. For example, ₹1.5 lakh annual deposits at 8.2% grow to over ₹1 crore by maturity.
SSY deposits qualify for deductions up to ₹1.5 lakh under Section 80C. Interest and maturity proceeds stay tax-free under Section 10(10D). This EEE status beats many other schemes.
The government guarantees returns regardless of stock market changes. Quarterly reviews keep the interest rate stable.
Starting early maximises compounding benefits. Families gain 2-3 times more value than later starts. Annual caps promote disciplined budgeting.
The Indian government backs SSY with a sovereign guarantee and no credit risk. Clear rules, easy bank transfers, and nomination options simplify planning.
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Below are the following steps one should follow to open a Sukanya Samriddhi Account:
The investor is required to submit the following details to open an SSY account in the name of the girl child:
You can open the Sukanya Samriddhi Account (SSA) through authorised Post Offices or Banks:
To fill out an SSY account form for the post office, follow these simple steps:
You can open a Sukanya Samriddhi Yojana interest rate account at any bank branch that provides the scheme. You will need to fill out an application and send in the same papers that you would need to start an account at the post office.
No, you cannot open a Sukanya Samriddhi Yojana (SSY) account fully online in 2026. To open an account, parents or guardians must go to a certain post office or authorised bank branch in person.
After opening the SSY account, you can obtain the following services:
The SSY plan is available at the following banks:
Follow these simple procedures to transfer a Sukanya Samriddhi account from a post office to a bank:
You can deposit money into an existing Sukanya Samriddhi Yojana (SSY) account online in the following ways:
Some of the important forms that need to be filled under the SSY Scheme (Sukanya Samriddhi Yojana) are as follows:
| Form No | Form Detail |
| Form 1 | Account opening application form |
| Form 2 | Pay slip |
| Form 3 | Loan or Withdrawal application |
| Form 4 | Pass Book |
| Form 5 | Transfer of account application |
| Form 6 | Extension of account application |
| Form 7 | Pledging of account application |
| Form 8 | Premature closure application |
| Form 9 | Full closure of account application |
| Form 10 | Cancellation or change of nomination in an account application |
| Form 11 | Settlement of the deceased depositor's account application |
| Form 12 | Authority letter to operate an account on behalf of depositor |
| Form 13 | Affidavit |
| Form 14 | Letter of disclaimer |
| Form 15 | Letter of indemnity |
Indian Overseas Bank Sukanya Samriddhi Yojana
IndusInd Bank Sukanya Samriddhi Yojana
Yes Bank Sukanya Samriddhi Yojana
Bank of India Sukanya Samridhi Yojana
Kotak Bank Sukanya Samriddhi Account
Bank of Maharashtra Sukanya Samriddhi Yojana
Andhra Bank Sukanya Samriddhi Account
UCO Bank Sukanya Samriddhi Yojana
IDBI Bank Sukanya Samriddhi Yojana
Allahabad Bank Sukanya Samriddhi Yojana
Central Bank of India Sukanya Samriddhi Yojana
Indian Bank Sukanya Samriddhi Yojana
Union Bank of India Sukanya Samriddhi Yojana
Axis Bank SSY (Sukanya Samriddhi Yojana)
Canara Bank Sukanya Samriddhi Yojana
PNB Bank SSY (Sukanya Samriddhi Yojana)
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ICICI Bank Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana HDFC
SBI Sukanya Samriddhi Yojana
Indian Bank- Sukanya Samriddhi Yojana Calculator
Sukanya Samriddhi Yojana- Central Bank of India Calculator
Canara Bank- Sukanya Samriddhi Yojana Calculator
Bank of Maharashtra- Sukanya Yojana Calculator
Sukanya Samriddhi Yojana Calculator Bank of India
Sukanya Samriddhi Yojana Calculator - Union Bank
Sukanya Samriddhi Yojana Calculator-UCO Bank
Sukanya Samriddhi Yojana Calculator - State Bank of India
Sukanya Samriddhi Yojana Calculator – Punjab National Bank
Sukanya Samriddhi Yojana Calculator - Indian Overseas Bank
Sukanya Samriddhi Yojana Calculator - Bank of Baroda
Sukanya Samriddhi Yojana Calculator ICICI
The following details are displayed on the passbook of the SSA account:
The account matures when the girl turns 21.
Full amount (principal + interest) is paid to the girl or guardian.
ID, address, and citizenship proof must be submitted.
With death certificate.
Apply 1 month before or up to 3 months after marriage with age proof.
In case of life-threatening illness or guardian’s death, with relevant documents.
Notify within 1 month if a girl becomes a non-resident/non-citizen.
If continuing the account becomes difficult for the girl child, the account can be closed prematurely by providing a satisfactory reason to the post office or the bank.
Closure possible anytime; interest will be as per post office/bank policy.
The Sukanya Samriddhi Yojana calculator is a tool that helps you estimate the maturity amount you'll receive from your SSY investment. It considers factors like your annual deposit amount, interest rate, and investment period. This helps you plan your contributions and understand the potential returns for your daughter's future.
Sukanya Samriddhi Yojana (SSY) helps secure a girl child’s future with 8.2% tax-free interest over a 21-year tenure. Annual deposits range from ₹250 to ₹1.5 lakh for 15 years, creating a potential corpus of ₹1 crore or more for education or marriage, without market risk. With EEE tax benefits and a government guarantee, SSY clearly outperforms PPF and fixed deposits. Starting before age 10 maximises compounding and ensures smooth, stress-free long-term planning for the next generation.
| Period | Interest Rate (% annually) |
| January 2026 - Present | 8.2% |
| July 2024 – December 2025 | 8.2% |
| October 2023 – June 2024 | 8.0% |
| January 2023 – September 2023 | 7.6% |
| July 2022 – December 2022 | 7.6% |
| April 2022 – January 2022 | 8.0% |
| July 2019 – March 2022 | 7.6% |
| January 2019 – June 2019 | 8.5% |
| July 2018 – December 2018 | 8.1% |
| April 2018 – June 2018 | 8.1% |
| July 2017 – March 2018 | 8.3% |
| April 2017 – June 2017 | 8.4% |
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
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