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Sukanya Samriddhi Yojana (SSY)
IndusInd Bank Sukanya Samriddhi Yojana
The Sukanya Samriddhi Yojana (SSY) is a government savings scheme in India that aims to empower girl children financially. Launched under the 'Beti Bachao, Beti Padhao' initiative, this scheme helps parents and guardians to accumulate a substantial corpus for their daughter's higher education and marriage expenses. For those exploring options like the IndusInd Bank Sukanya Samriddhi Yojana, it's important to note where this scheme can actually be accessed.
Current interest rate
8.2%
Highest among all small savings schemes
Tax Benefit
₹1.5L
Annual deduction under Section 123 (formerly 80C)
Maturity At
21yrs
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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Home
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Child Plans
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Sukanya Samriddhi Yojana (SSY)
- IndusInd Bank Sukanya Samriddhi Yojana
Where to Access the Sukanya Samriddhi Scheme?
It is important to know that the IndusInd Bank does not provide the IndusInd Bank Sukanya Samriddhi Yojana. However, many other financial institutions authorized by the government provide this vital savings scheme. You can conveniently open an SSY account with a range of other prominent banks, including:
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IDBI Bank Sukanya Samriddhi Yojana
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Bank of India Sukanya Samriddhi Yojana
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Indian Overseas Bank Sukanya Samriddhi Yojana
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Union Bank of India Sukanya Samriddhi Yojana
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Punjab National Bank Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana Calculator
Latest SSY interest rates: 8.20%
You can invest a maximum amount up to ₹1,50,000
Yearly
- ₹250
- ₹1,50,000
Govt. allows maximum age of enrollment to 10 years
Years
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Investment term is 21 years
Year
Total investment
₹1.5 Lakh
Total interest
₹3.3 Lakh
Maturity year
2047
Maturity value
₹4.8 Lakh
*for market linked plans only
Sukanya Samriddhi Yojana Features Offered By Other Banks
The Sukanya Samriddhi Yojana is equipped with features designed to maximize benefits for the girl child:
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Competitive Interest: The interest rate, currently 8.2% per annum (as of 2026), is revised quarterly by the Ministry of Finance, offering strong growth potential.
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Contribution Flexibility: Deposits can range from a minimum of ₹250 to a maximum of ₹1.5 Lakh per financial year.
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Investment Horizon: Contributions are required for 15 years from account opening, with interest continuing to accumulate until the 21-year maturity period.
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Comprehensive Tax Benefits: The scheme boasts EEE (Exempt-Exempt-Exempt) tax status, meaning deposits qualify for Section 80C deduction, and both interest and maturity proceeds are entirely tax-free.
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Maturity and Premature Closure: The account matures in 21 years from opening. Premature closure is also permitted for the account holder's marriage after she turns 18.
Sukanya Samriddhi Yojana Account Eligibility
Some of the general criteria should be met to open an SSY Account in any bank:
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The girl child must be under 10 years of age when the account is opened.
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Only one SSY account is allowed per girl child.
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A family can open a maximum of two SSY accounts, with an exception made for cases involving twins or triplets.
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The girl child must be a resident Indian citizen.
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A natural or legal guardian is responsible for opening and managing the account until the girl reaches the age of 18.
Invest More Get More
Invest ₹10K/Month YOU GET ₹1 Crores* For Your Child
Invest ₹8K/Month YOU GET ₹80 Lakhs* For Your Child
Invest ₹5K/Month YOU GET ₹50 Lakhs* For Your Child
Standard T&C Apply *
Why Choose Sukanya Samriddhi Yojana?
This child plan offers compelling benefits:
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Being a government-backed scheme, SSY provides an assurance of capital protection and guaranteed returns.
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It encourages consistent and disciplined savings over the long term, fostering financial discipline.
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Participating in SSY directly supports and contributes to the financial empowerment and independence of girl children.
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Partial withdrawals of up to 50% of the previous financial year's balance, are allowed for higher education once the girl turns 18 or completes 10th standard.
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Accounts can be easily transferred between any authorized bank branch or Post Office SSY Account across India.
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
Conclusion
The Sukanya Samriddhi Yojana offers a secure and profitable avenue for parents to invest in their daughters' future. While IndusInd Bank does not offer the Sukanya Samriddhi Yojana, numerous other leading banks and post offices provide the SSY. Invest today in the Sukanya Samriddhi Yojana and lay a strong financial groundwork for their daughters' prosperity.
FAQs
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What is the upper limit for annual deposits in SSY?
You can deposit up to ₹1.5 Lakh in a financial year. -
For how many years are deposits mandatory?
Deposits are mandatory for 15 years from the date the account is opened -
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. -
What is the age limit for the girl child?
The account must be opened before the girl child completes 10 years of age.
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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 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.