Sukanya Samriddhi Yojana (Sukanya Samriddhi Account)
सुकन्या समृद्धि योजना
Quick answer
Sukanya Samriddhi Yojana is a small savings account for a girl child that earns 8.2% a year, compounded annually, for July to September 2026. Payments from the account are tax-free, and deposits can be deducted from taxable income if you opt out of the new tax regime.
Researched by Mirza Seraj BaigFacts last checked against official sources on 13 September 2026- What you get
- A government-backed savings account in a girl child's name earning 8.2% a year for 1 July to 30 September 2026, compounded annually — the rate is notified by the Ministry of Finance and revised quarterly. Payments from the account, including the maturity amount, are exempt from income tax under Schedule II of the Income-tax Act, 2025, and deposits can be deducted under section 123 (formerly section 80C), up to ₹1,50,000 a year with other eligible investments, if you opt out of the new tax regime.
- 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
- Official portal
- www.nsiindia.gov.in/InternalPage.aspx?Id_Pk=89 ↗
Who is eligible for Sukanya Samriddhi Yojana?
Parents or legal guardians of a girl child, opening the account in the girl's name.
- 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.
Which documents are required for Sukanya Samriddhi Yojana?
Keep these 4 documents ready before you apply.
- 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 do you apply for Sukanya Samriddhi Yojana?
Applying takes 4 steps, set out below. The official portal is www.nsiindia.gov.in/InternalPage.aspx?Id_Pk=89.
Choose a post office or authorised bank
Sukanya Samriddhi Accounts can be opened at any post office or at an authorised commercial bank branch.
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.
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.
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.
Important links
All of these go to the official government portal. Bookmark them — copycat sites with similar names charge for what these do free.
| What you need | Official page |
|---|---|
| Account scheme rules National Savings Institute, Ministry of Finance | www.nsiindia.gov.in/InternalPage.aspx?Id_Pk=89 ↗ |
| Interest rate history Every notified rate, by quarter | www.nsiindia.gov.in/InternalPage.aspx?Id_Pk=179 ↗ |
| Post office savings schemes India Post: where the account is opened | www.indiapost.gov.in/banking-services/savings ↗ |
Frequently asked questions
What is the current Sukanya Samriddhi Yojana interest rate?
8.2% a year, compounded annually, for 1 July to 30 September 2026 — unchanged since 1 January 2024. Small savings rates are notified by the Ministry of Finance 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?
Payments from the account, including the maturity amount, are exempt from income tax under Schedule II of the Income-tax Act, 2025. Deposits can also be deducted under section 123 (formerly section 80C), up to ₹1,50,000 a year together with other eligible investments, but only if you opt out of the new tax regime, which allows no such deduction.
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
Sukanya Samriddhi Yojana 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.