Sukanya Samriddhi Yojana (SSY) is a unique savings plan introduced by the Government of India to enable parents to save funds for the future of their daughters. This plan falls under the “Beti Bachao Beti Padhao” campaign, which was initiated by the government with the purpose of encouraging the education and welfare of girls in our nation.
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana is a government-sponsored savings scheme specifically for girl children. The account can be opened by parents or guardians of the girl child aged below 10 years. The primary intention of this scheme is to enable families to create a financial corpus for the education and marriage purposes of the daughter.
This is a long-term investment scheme that matures in 21 years from the account opening date or upon marriage of the girl after reaching the age of 18 years, whichever is earlier.
Sukanya Samriddhi Yojana Interest Rate 2025
The interest rate on the Sukanya Samriddhi Yojana is fixed by the government and reviewed every quarter. For the current quarter of 2025, Sukanya Samriddhi Yojana interest rate is 8.2% p.a.
Here is a Sukanya Samriddhi yojana chart with additional details-
| SSY Interest Rate | 8.2% p.a. |
| Investment Amount | Minimum – Rs. 250; Maximum Rs. 1.5 lakh p.a. |
| Maturity Amount | It depends on the amount invested |
| Maturity Period | 21 years |
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Sukanya Samriddhi Yojana (SSY) Interest Rates: Previous Rates
Here is a list of the previous Sukanya Samriddhi interest rates-
| Time Period | SSY Interest Rate (% annually) |
| Oct to Dec 2023 (Q3 FY 2023-24) | 8.0 |
| Apr to Jun 2023 (Q1 FY 2023-24) | 8.0 |
| Jan to Mar 2023 (Q4 FY 2022-23) | 7.6 |
| Oct to Dec 2022 (Q3 FY 2022-23) | 7.6 |
| Jul to Sep 2022 (Q2 FY 2022-23) | 7.6 |
| Apr to Jun 2022 (Q1 FY 2022-23) | 7.6 |
| Jan to Mar 2022 (Q4 FY 2021-22) | 7.6 |
| Oct to Dec 2021 (Q3 FY 2021-22) | 7.6 |
| Jul to Sep 2021 (Q2 FY 2021-22) | 7.6 |
| Apr to Jun 2021 (Q1 FY 2021-22) | 7.6 |
| Jan to March 2021 (Q4 FY 2020-21) | 7.6 |
| Oct to Dec 2020 (Q3 FY 2020-21) | 7.6 |
| Jul to Sep 2020 (Q2 FY 2020-21) | 7.6 |
| Apr to Jun 2020 (Q1 FY 2020-21) | 7.6 |
| Jan to March (Q4 FY 2019-20) | 8.4 |
| Oct to Dec 2019 (Q3 FY 2019-20) | 8.4 |
| Jul to Sep 2019 (Q2 FY 2019-20) | 8.4 |
| Apr to Jun 2019 (Q1 FY 2019-20) | 8.5 |
| Jan to March 2019 (Q4 FY 2018-19) | 8.5 |
| Oct to Dec 2018 (Q3 FY 2018-19) | 8.5 |
| Jul to Sep 2018 (Q2 FY 2018-19) | 8.1 |
| Apr to Jun 2018 (Q1 FY 2018-19) | 8.1 |
| Jan to March 2018 (Q4 FY 2017-18) | 8.1 |
| Oct to Dec 2017 (Q3 FY 2017-18) | 8.3 |
| Jul to Sep 2017 (Q2 FY 2017-18) | 8.3 |
| Apr to Jun 2017 (Q1 FY 2017-18) | 8.4 |
Key Benefits of Sukanya Samriddhi Yojana (SSY)
- High Returns: SSY offers an attractive interest rate of 8.2% per annum, which is higher than most bank fixed deposits and savings accounts. Since the interest compounds annually, your money grows faster over time.
- Government Guarantee: Since SSY is a government scheme, your investment is completely safe and guaranteed. There is no risk of losing your money, and you will definitely get the promised returns.
- Tax Benefits: Investments in SSY qualify for tax deduction under Section 80C of the Income Tax Act. You can claim tax benefits up to Rs. 1.5 lakh per year. Additionally, the interest earned and the maturity amount are also tax-free.
- Flexible Investment: You can invest as little as Rs. 250 per year or as much as Rs. 1.5 lakh per year. This flexibility makes the scheme suitable for families with different financial capabilities.
Eligibility Rules
To open an SSY account, you must meet these simple conditions:
- You must be a resident of India
- You can open an account for a girl child who is below 10 years of age
- Maximum two SSY accounts can be opened per family (one for each daughter)
- In case of twins or triplets, more than two accounts can be opened with proper documentation
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How to Open Sukanya Samriddhi Yojana(SSY) Account
At Post Office
Opening an SSY account at the Post Office is simple and easy:
Step 1: Download the application form from the Indian Post Office website or collect it from your nearest Post Office branch.
Step 2: Fill in all the required details in the form carefully and attach the necessary documents.
Step 3: Submit the completed form with documents to the Post Office and make the initial deposit.
At Banks
You can also open an SSY account at participating public and private banks. The process is similar to opening at Post Office – fill the application form, submit required documents, and make the minimum deposit.
Required Documents
To open an SSY account, you need these documents:
- Birth certificate of the girl child
- Identity proof of parent/guardian (Aadhaar Card, PAN Card, or Passport)
- Address proof of parent/guardian
- Passport-size photographs of the girl child and parent/guardian
SSY Calculator Information
An SSY calculator helps you understand how much money you will get when the account matures. Here’s a simple example of how it works:
If you invest Rs. 1,000 every month (Rs. 12,000 per year) for 15 years at 8.2% interest, you will have invested a total of Rs. 1.8 lakh. However, due to compound interest, your total maturity amount will be over Rs. 6 lakh when your daughter turns 21.
You can use online SSY calculators available on various financial websites to calculate your specific returns based on your investment amount.
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Investment Rules
Minimum and Maximum Limits
- Minimum deposit: Rs. 250 per financial year
- Maximum deposit: Rs. 1,50,000 per financial year
Investment Period
You need to make deposits for 15 years from the date of opening the account. After 15 years, no more deposits are required, but the account continues to earn interest until maturity.
Payment Methods
You can make deposits through cash, cheque, or demand draft. Some banks and post offices also offer online payment options through mobile apps.
Maturity and Withdrawal Rules
The SSY account matures after 21 years from opening or when the girl gets married after turning 18. However, partial withdrawal is allowed for the girl’s higher education expenses after she turns 18. Up to 50% of the balance can be withdrawn for education purposes.
Tax Advantages
SSY offers triple tax benefits:
- Tax deduction on investment up to Rs. 1.5 lakh under Section 80C
- Tax-free interest earned during the scheme period
- Tax-free maturity amount when the account matures
Important Points to Remember
- Only one account per girl child is allowed
- The account can be transferred from one post office/bank to another anywhere in India
- If minimum deposit of Rs. 250 is not made in any year, the account becomes inactive but can be reactivated by paying a penalty of Rs. 50 per year
- The girl child can operate the account herself after turning 10 years old
Sukanya Samriddhi Yojana is a great way to secure the financial future of your daughter, enjoy tax advantages, and assured returns. SSY with its 8.2% interest rate and absolute safety is one of the best long-term investment instruments for girl children in India. Invest early in order to reap the maximum benefits from the power of compound interest and create a large corpus fund for your daughter’s bright future.
