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Apna YojanaIndia

Sukanya Samriddhi Yojana (Sukanya Samriddhi Account)

सुकन्या समृद्धि योजना

Sukanya Samriddhi Yojana is a small savings account for a girl child that currently earns 8.2% a year, compounded annually, with deposits qualifying for a deduction under Section 80C.

Researched by Mirza Seraj BaigFacts last checked against official sources on 7 September 2026
What you get
A government-backed savings account in a girl child's name earning 8.2% per annum, compounded annually — the rate notified by the Ministry of Finance and revised quarterly. Deposits qualify for deduction under Section 80C, and the interest and maturity amount are exempt from income tax.
Who it is for
Parents or legal guardians of a girl child, opening the account in the girl's name.
Implemented by
National Savings Institute, Department of Economic Affairs, Ministry of Finance
Coverage
Central scheme — available across India
Apply only on the official portal. This page explains the scheme; it does not process applications. Registration on government portals is free — do not pay anyone who offers to get you approved.

Who is eligible

  • The account is opened by a parent or legal guardian in the name of a girl child.
  • The girl must be below 10 years of age on the date the account is opened.
  • One account is allowed per girl child.
  • A family may open accounts for a maximum of two girl children — a third is allowed in specified cases such as the birth of twins or triplets.

Documents required

  • Birth certificate of the girl child
  • Identity and address proof of the parent or guardian (Aadhaar, PAN, passport, voter ID)
  • Photographs of the guardian and the girl child
  • The account opening form from the post office or bank

How to apply for SSY

  1. Choose a post office or authorised bank

    Sukanya Samriddhi Accounts can be opened at any post office or at an authorised commercial bank branch.

    Open the official page ↗

  2. Fill the account opening form

    Complete the SSA form with the girl child's details and the guardian's details, and attach the birth certificate and KYC documents.

  3. Make the opening deposit

    Deposit the minimum amount to open the account. Deposits can be made by cash, cheque, demand draft or online transfer where the bank supports it.

  4. Keep the account active each year

    Deposit at least the minimum amount every financial year during the deposit period. If you miss it, the account becomes irregular and needs a penalty payment to be revived.

Go to the official government portal ↗

Frequently asked questions

What is the current Sukanya Samriddhi Yojana interest rate?

The scheme currently offers 8.2% per year, compounded annually. Small savings rates are notified by the Ministry of Finance and reviewed every quarter, so confirm the rate for the current quarter on the National Savings Institute or India Post website before you plan around it.

At what age can a Sukanya Samriddhi account be opened?

The account must be opened before the girl child turns 10 years old, by a parent or legal guardian in her name.

How many Sukanya Samriddhi accounts can one family open?

One account per girl child, and a maximum of two accounts per family. A third account is permitted in specified cases, such as the birth of twins or triplets.

Is Sukanya Samriddhi Yojana tax free?

Deposits qualify for a deduction under Section 80C, and the interest earned and the maturity amount are exempt from income tax — making it an EEE (exempt-exempt-exempt) instrument.

Where can I open a Sukanya Samriddhi account?

At any post office or at a branch of an authorised commercial bank. Take the girl's birth certificate along with your own KYC documents and photographs.

Applying from your state

SSY is a central scheme, so it is open in every state and union territory. Verification, and the state-issued documents you may be asked for, differ by state.

Related schemes

APY

Atal Pension Yojana gives subscribers a central-government-guaranteed monthly pension of ₹1,000 to ₹5,000 from the age of 60, in return for regular contributions made from the age they join until 60.

PM-KISAN

PM-KISAN gives land-holding farmer families income support of ₹6,000 a year, paid directly into their bank accounts in three equal instalments of ₹2,000. Twenty-three instalments have been released so far; the 24th has not yet been announced.

Useful calculators

Sukanya Samriddhi Yojana Calculator

Estimate the maturity amount of a Sukanya Samriddhi Account from your yearly deposit and the notified interest rate, over the scheme's 15-year deposit period and 21-year term.

PPF Calculator

Project the maturity value of a Public Provident Fund account from your yearly deposit, the notified interest rate and the number of years you stay invested.