Sukanya Samriddhi Yojana: a complete guide for parents

13 Nov 2026 · 1 min read

SSY pays 8.2% tax-free. ₹1.5 lakh a year for 15 years can grow to about ₹71.8 lakh by maturity.

Sukanya Samriddhi Yojana (SSY) is a government savings scheme for a girl child, with one of the highest rates among small savings schemes.

Key rules

  • Who: parents or guardians of a girl below 10 years.
  • Rate: 8.2% a year for October–December 2026, compounded yearly.
  • Deposits: at least ₹250 and up to ₹1.5 lakh a year, for 15 years from opening.
  • Maturity: 21 years after the account is opened.
  • Tax: deposits qualify under 80C in the old regime; interest and maturity are tax-free.

How much it can grow

Depositing ₹1.5 lakh every year for 15 years at 8.2%, the account can reach about ₹71.8 lakh at maturity. You deposit ₹22.5 lakh; the rest is tax-free interest. The rate can change each quarter, so the real figure will differ.

Partial withdrawal for higher education is allowed after the girl turns 18. Check the latest rules with your bank or post office.

Sukanya SamriddhiSSYdaughter

This article is general information, not personal financial advice. Rules and rates change; check the latest before you act.

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