What is the upper limit for annual deposits in SSY?

You can deposit up to ₹1.5 Lakh in a financial year in an SSY account.

How long can I deposit in an SSY account?

You can invest in an SSY account for 15 years from the date the account is opened.

Can I open a Sukanya Samriddhi Yojana account online?

Most banks offering SSY accounts only accept physical applications at their branches. However, banks like Punjab National Bank offer online opening of SSY accounts through their mobile banking app PNB ONE.

Who can open an SSY account?

A natural or legal guardian can open an account for a girl child up to 10 years of age.

Does the SSY interest rate differ from bank to bank?

No, the Sukanya Samriddhi Yojana interest rate is a fixed rate set by the government and does not vary from bank to bank. The Government of India reviews the SSY interest rate quarterly and the interest rate is compounded annually.

Are there any charges to open a Sukanya Samriddhi Yojana account at a bank?

Banks and post offices do not charge you to open a Sukanya Samriddhi Yojana account.

Can I open a Sukanya Samriddhi Account at a post office?

Yes, you can open a Post Office Sukanya Samriddhi Account by visiting the nearest post office branch.

Sukanya Samriddhi Yojana (SSY)

IndusInd Bank Sukanya Samriddhi Yojana

The Sukanya Samriddhi Yojana (SSY) is a 2015 government savings scheme that helps parents secure their daughter's financial future. If you wish to open an SSY account with IndusInd Bank, be sure to check exactly where and how this facility can be accessed.

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

Your Name

+91

Mobile Number

Your personal information is secure with us

By continuing you agree to receive assistance and agree to our Privacy Policy, Terms of Use & +Disclaimers

Does IndusInd Bank Offer a Sukanya Samriddhi Account?

In case you are looking to open an account for Sukanya Samriddhi Yojana at IndusInd Bank, it's important to know that the bank does not offer a Sukanya Samriddhi Yojana account. However, many public and private banks in India offer the facility to open an SSY account.

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

List of Banks Offering Sukanya Samriddhi Yojana Account Apart From IndusInd Bank Sukanya Samriddhi Yojana

Here are the public and private banks authorised by the government to provide an SSY account:

Public Sector Banks Offering SSY Accounts
- Bank of India
- State Bank of India
- Indian Overseas Bank
- Union Bank of India
- Punjab National Bank
- UCO Bank
- Bank of Baroda
- Punjab & Sind Bank
- Bank of Maharashtra
- Canara Bank
- Central Bank of India
- Indian Bank
Private Banks Offering SSY Accounts
- HDFC Bank
- Axis Bank
- ICICI Bank
- Kotak Mahindra Bank
- IDBI Bank

How to Open a Sukanya Samriddhi Account at Other Banks?

Here is the general process to open a Sukanya Samriddhi Yojana account at authorised banks in India:

Step 1: Choose an authorised bank and visit its nearest branch to you
Step 2: Collect the SSY application form and fill it carefully
Step 3: Attach the required documents to the application form
Step 4: Submit the application with the minimum deposit amount at the branch.
Step 5: You will receive a passbook after the account opening.

Banks Offering SSY

SSY Calculators

Indian Overseas 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

Allahabad 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

Documents Required to Open an SSY Account

The actual documents required to open an SSY account vary based on the bank you are applying with. Here is the general document list to open an SSY account:

Sukanya Samriddhi Yojana account opening form
Birth certificate of the girl child
Identity and address proofs of parents or legal guardians
Passport-sized photos

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 *

Sukanya Samriddhi Yojana Overview

Here are some key features and benefits of child plans like Sukanya Samriddhi Yojana:

Eligibility: Girl child below 10 years; accounts can be opened by parents or legal guardians.
Current interest rate: 8.2% per annum for Quarter 3, 2026-27
Minimum deposit: ₹250/year
Maximum deposit: ₹1,50,000/year
Deposit tenure: 15 years from account opening
Maturity period: 21 years from account opening
Partial withdrawal: Up to 50% allowed for education and marriage purposes after the girl turns 18 or passes Class 10.
Tax benefits: EEE status makes the eligible deposits, interest, and maturity amount tax-free

FAQs

What is the upper limit for annual deposits in SSY?

You can deposit up to ₹1.5 Lakh in a financial year in an SSY account.
How long can I deposit in an SSY account?

You can invest in an SSY account for 15 years from the date the account is opened.
Can I open a Sukanya Samriddhi Yojana account online?

Most banks offering SSY accounts only accept physical applications at their branches. However, banks like Punjab National Bank offer online opening of SSY accounts through their mobile banking app PNB ONE.
Who can open an SSY account?

A natural or legal guardian can open an account for a girl child up to 10 years of age.
Does the SSY interest rate differ from bank to bank?

No, the Sukanya Samriddhi Yojana interest rate is a fixed rate set by the government and does not vary from bank to bank. The Government of India reviews the SSY interest rate quarterly and the interest rate is compounded annually.
Are there any charges to open a Sukanya Samriddhi Yojana account at a bank?

Banks and post offices do not charge you to open a Sukanya Samriddhi Yojana account.
Can I open a Sukanya Samriddhi Account at a post office?

Yes, you can open a Post Office Sukanya Samriddhi Account by visiting the nearest post office branch.

Investment

Secure

Secure your Child’s
Career Goal

Start Investing ₹10,000/Month

& Get ₹1 Crore*

*Standard T & C Apply

Calculators

Show More Calculator

SSY Knowledge Hub

Show More

CHILD Plans Articles

Explore the popular searches and stay informed

˜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.