Introduction
Sukanya Samriddhi Yojana (SSY) is a government-backed small savings scheme for the girl child, launched under the Beti Bachao Beti Padhao campaign. As of 2026, the scheme continues to offer one of the highest interest rates among all small savings instruments — currently 8.2% per annum compounded yearly. This article explains how parents can secure their daughter's future with this tax-saving investment.
SSY Key Details
| Parameter | Details |
|---|---|
| Interest Rate (2026) | 8.2% per annum (compounded yearly) |
| Minimum Deposit | ₹250 per financial year |
| Maximum Deposit | ₹1.5 lakh per financial year |
| Account Tenure | 21 years from opening or until marriage after 18 |
| Tax Benefit | Under Section 80C of Income Tax Act |
Who can open a Sukanya Samriddhi account?
Parents or legal guardians of a girl child below 10 years of age can open the account. Only one account per girl child is allowed, and a family can open accounts for a maximum of two girl children.
What documents are needed to open the account?
You need the girl child's birth certificate, Aadhaar card of the parent/guardian, proof of address, and a recent passport-size photograph. The account can be opened at any post office or authorized bank branch.
Can I withdraw money before 21 years?
Partial withdrawal of up to 50% of the balance is allowed after the girl child turns 18, for higher education or marriage expenses. Early closure is permitted only in exceptional cases like the girl child's marriage or critical illness.
What happens if I miss a yearly deposit?
The account becomes dormant if the minimum deposit of ₹250 is not made in any financial year. You can reactivate it by paying a penalty of ₹50 per year along with the minimum deposit.