Sukanya Samriddhi Yojana (SSY) is a small-savings scheme for the girl child offering one of the highest, fully tax-free interest rates to build a corpus for her education and marriage.
Apply and check your status free on the official Government of India portal.
Benefits
- One of the highest small-savings interest rates, compounded yearly
- Fully tax-free (EEE) — deposit, interest and maturity
- Deposit from ₹250 up to ₹1.5 lakh per financial year
- Partial withdrawal for higher education after the girl turns 18
Eligibility
- Account opened by a parent/guardian for a girl child below 10 years
- Up to two accounts per family (one per girl child; exceptions for twins/triplets)
Documents required
- Birth certificate of the girl child
- Guardian’s Aadhaar and address proof
- Passport-size photographs
How to apply
- Visit a post office or authorised bank branch.
- Fill the SSY account-opening form for your girl child.
- Submit the birth certificate and KYC documents.
- Deposit between ₹250 and ₹1.5 lakh in the financial year.
Helpline
1800-266-6868 (India Post)
Official links
- Open SSY at India Post ↗
- Latest SSY interest rate (NSI) ↗
- Check your eligibility on myScheme (Govt of India) ↗
Frequently asked questions
What is the current Sukanya Samriddhi interest rate?
The rate is notified by the government every quarter; check the latest rate on the official NSI/India Post portal. It is compounded annually and is tax-free.
Who can open a Sukanya Samriddhi account?
A parent or guardian can open it for a girl child below 10 years of age.
When does the SSY account mature?
21 years from the date of opening, with deposits required for the first 15 years.