Are there any charges to open an ICICI Sukanya Samriddhi Yojana account?

ICICI Bank does not charge for opening an account for the Sukanya Samriddhi Yojana.

Is it possible to transfer my Sukanya Samriddhi Yojana Account to ICICI Bank?

Yes, you can transfer your existing SSY account in a bank or post office to ICICI Bank by following the steps below: Step 1: Visit the branch or post office where you have opened your SSY account Step 2: Submit a transfer request mentioning the details of the ICICI Bank branch where you want your account to be transferred. Step 3: Your branch will send your account details to the ICICI Bank branch Step 4: The ICICI Bank branch will ask you to submit fresh KYC documents along with the SSY application form. Step 5: Your account will be transferred after successful verification.

Can I open an SSY account in any ICICI Bank branch in India?

No. You can apply for an SSY account only in designated ICICI Bank branches in India. The list of the designated ICICI Bank branches for SSY accounts is available on ICICI Bank’s official website.

Can I get a loan against the ICICI Sukanya Samriddhi Yojana Account?

No, a loan facility is not permissible for the ICICI Sukanya Samriddhi Yojana Account.

When does the ICICI Sukanya Samriddhi Account mature?

The ICICI Sukanya Samriddhi Yojana Account matures after the completion of 21 years from the date of the account opening.

What is the minimum amount that can be deposited in the ICICI Sukanya Samriddhi Yojana Account?

The initial minimum deposit amount for the ICICI Sukanya Samriddhi Yojana Account is ₹250.

Sukanya Samriddhi Yojana (SSY)

ICICI Bank Sukanya Samriddhi Yojana

The ICICI Bank Sukanya Samriddhi Yojana is a small savings scheme for girl children. This scheme allows parents to save for their girl child and provide financial protection to them. ICICI Bank allows parents to open a Sukanya Samriddhi Yojana in its branches across the country.

Current interest rate

8.2_%

Highest among all small savings schemes

Tax Benefit

₹1.5_L

Annual deduction under Section 123 (formerly 80C)

Maturity At

21_yrs

Or on her marriage after age 18

Flexible contribution

Start with ₹250 and invest up to ₹1.5L per year.

Sovereign guarantee

Backed by Government of India - zero default risk.

Triple tax benefit

EEE status - exempt on deposit, interest & maturity.

Partial withdrawal

Withdraw up to 50% after age 18 for higher education.

In-Built life cover

One Step Toward Your Daughter's Future

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Features and Benefits of ICICI Bank Sukanya Samriddhi Yojana

Here are the key features and benefits of the ICICI Bank Sukanya Samriddhi Yojana:

Eligibility:

Girl children below 10 years of age are eligible
A parent or legal guardian can open an SSY account on behalf of the girl child
Parents or legal guardians must operate the account till the girl child reaches 18 years of age; thereafter, the girl can operate the account by herself.
A family can open SSY accounts for a maximum of 2 daughters

Where to open:

You can open an SSY account at designated ICICI Bank branches in India.

Maturity period:

The ICICI Bank Sukanya Samriddhi Yojana account matures after 21 years from the date of account opening.

Deposit rules:

You can deposit a minimum amount of ₹250 in a financial year, whereas the maximum amount that can be deposited in a year is ₹1.5 lakh.

Partial withdrawal rules:

You can withdraw up to 50% for a girl child’s higher education or marriage when she turns 18 years old or passes Class 10.

Tax benefits:

Eligible contributions in the SSY scheme qualify for the deduction benefits under Section 80C. This benefit is only available if you choose the Old Tax Regime.
Interest earned and maturity proceeds from the scheme are tax-free.

Interest:

The ICICI Bank Sukanya Samriddhi Yojana offers an interest rate of 8.2% per annum for Q3, 2026-27. The SSY interest rate is compounded annually.

Sukanya Samriddhi Yojana Calculator

Latest SSY interest rates: 8.20%

I want to invest

You can invest a maximum amount up to ₹1,50,000

Yearly ₹

₹250
₹1,50,000

My daughter's age

Govt. allows maximum age of enrollment to 10 years

Years

I want to start investing in

Investment term is 21 years

Year

Total investment

₹1.5 Lakh

Total interest

₹3.3 Lakh

Maturity year

2047

Maturity value

₹4.8 Lakh

View Plans for Your Daughter

^*for market linked plans only

Using the ICICI Bank Sukanya Samriddhi Yojana Calculator

You can use the Sukanya Samriddhi Yojana calculator to estimate the maturity amount you may receive after the maturity period. The SSY calculator calculates the maturity amount based on the following details:

Annual amount you want to invest
Your daughter’s age
The year you want to start investing in

The calculator gives the following results based on the above-mentioned details:

Total amount invested
Total interest earned
Maturity amount and maturity year

Let’s understand it with an example:

If you start investing in the SSY scheme with an annual amount of ₹30,000 in 2026 and keep investing for 15 years and stay invested for a total of 21 years from account opening, the SSY calculator will show the following results:

The total amount you invested in the scheme will be ₹4.5 lakhs.
Total interest earned during the investment period is ₹9.9 lakhs.
Your deposits will mature in 2047 and the maturity amount will be ₹14.4 lakhs;

How to Open an ICICI Bank Sukanya Samriddhi Yojana Account?

You can open a Sukanya Samriddhi Yojana account at ICICI Bank by following the steps given below:

Step 1: Visit any ICICI Bank branch
Step 2: Ask for the SSY application from the bank staff
Step 3: Fill the form carefully and attach the required documents
Step 4: Submit the form with an initial deposit of ₹250 or more.
Step 5: You will receive a passbook after successful account opening.

Invest More Get More

Invest ₹10K/Month YOU GET ₹1 Crores^* For Your Child View Plans

Invest ₹8K/Month YOU GET ₹80 Lakhs^* For Your Child View Plans

Invest ₹5K/Month YOU GET ₹50 Lakhs^* For Your Child View Plans

Standard T&C Apply *

Documents Required for Opening an ICICI Bank Sukanya Samriddhi Yojana Account

The following documents are required to open an ICICI Bank Sukanya Samriddhi Yojana account:

SSY account opening form
The birth certificate of the girl child
Passport size photographs of the girl child's parent/ guardian and the girl child.
Address proof of the girl child's parent/guardian
Identity proof of the girl child's parent/guardian

Banks Offering SSY

SSY Calculators

Indian Overseas Bank Sukanya Samriddhi Yojana

IndusInd Bank Sukanya Samriddhi Yojana

Yes Bank Sukanya Samriddhi Yojana

Bank of India Sukanya Samriddhi Yojana

Kotak Bank Sukanya Samriddhi Account

Andhra Bank Sukanya Samriddhi Account

UCO Bank Sukanya Samriddhi Yojana

IDBI Bank Sukanya Samriddhi Yojana

Expand

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

Expand

ICICI Bank Sukanya Samriddhi Yojana Interest Rate

The table below mentions the Sukanya Samriddhi Yojana interest rate for the period 2016 to 2026:

Period	Interest Rate Per Annum
01 Jan 2024 – 31 Dec 2026	8.2%
01 Jul 2019 – 31 Mar 2020	8.4%
01 Oct 2018 – 30 Jun 2019	8.5%
01 Jan 2018 – 30 Sep 2018	8.1%
01 Jul 2017 – 31 Dec 2017	8.3%
01 Apr 2017 – 30 Jun 2017	8.4%
01 Oct 2016 – 31 Mar 2017	8.5%
01 Apr 2016 – 30 Sep 2016	8.6%

FAQs

Are there any charges to open an ICICI Sukanya Samriddhi Yojana account?

ICICI Bank does not charge for opening an account for the Sukanya Samriddhi Yojana.
Is it possible to transfer my Sukanya Samriddhi Yojana Account to ICICI Bank?
Yes, you can transfer your existing SSY account in a bank or post office to ICICI Bank by following the steps below:
- Step 1: Visit the branch or post office where you have opened your SSY account
- Step 2: Submit a transfer request mentioning the details of the ICICI Bank branch where you want your account to be transferred.
- Step 3: Your branch will send your account details to the ICICI Bank branch
- Step 4: The ICICI Bank branch will ask you to submit fresh KYC documents along with the SSY application form.
- Step 5: Your account will be transferred after successful verification.
Can I open an SSY account in any ICICI Bank branch in India?

No. You can apply for an SSY account only in designated ICICI Bank branches in India. The list of the designated ICICI Bank branches for SSY accounts is available on ICICI Bank’s official website.
Can I get a loan against the ICICI Sukanya Samriddhi Yojana Account?

No, a loan facility is not permissible for the ICICI Sukanya Samriddhi Yojana Account.
When does the ICICI Sukanya Samriddhi Account mature?

The ICICI Sukanya Samriddhi Yojana Account matures after the completion of 21 years from the date of the account opening.
What is the minimum amount that can be deposited in the ICICI Sukanya Samriddhi Yojana Account?

The initial minimum deposit amount for the ICICI Sukanya Samriddhi Yojana Account is ₹250.

Investment

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˜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 Insurance Brokers Private Limited 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.