Sukanya Samriddhi Yojana (SSY) 2025 – Interest Rate, Benefits, Calculator, Post Office & Bank Account Rules

Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme for the girl child. Parents or legal guardians can invest under this scheme to secure their daughter’s future. This scheme is ideal for those looking to save taxes while building a corpus for their daughter’s future. An SSY account can be easily opened at the nearest Post Office or authorised banks.

Key Highlights

• The scheme matures after 21 years, but up to 50% of the balance can be withdrawn after the girl turns 18 for education or marriage.
• Current interest rate is 8.2% p.a. (Jul–Sep 2025), compounded yearly.
• Investments qualify for Section 80C deduction up to Rs.1.5 lakh, and both the interest and maturity proceeds are completely tax-free.

What is Sukanya Samriddhi Yojana (SSY)?

Sukanya Samriddhi Yojana (SSY) small savings scheme launched by the Government of India in 2015 under the Beti Bachao, Beti Padhao campaign. It is designed to help parents save money systematically for the future education and marriage of their girl child.

Sukanya Samriddhi Yojana (SSY) can be opened with a minimum investment of Rs. 250 and a maximum of Rs. 1.5 Lakh per financial year. Investments made under this scheme qualify for tax deduction under section 80C of the Income Tax Act up to Rs 1.5 Lakh. Additionally, interest earned on a deposit is completely exempt under section 10 of the Income Tax Act, making an SSY one of the few schemes that enjoy Exempt-Exempt-Exempt (EEE) status, where the investment, the interest, and the maturity proceeds are all tax-free.

Sukanya Samriddhi Yojana Interest Rate 2025

• The interest rate for SSY is decided by the Ministry of Finance every quarter
• For July – September 2025, the interest rate is 8.2% per annum (compounded yearly).
• This is higher than many fixed deposits and other government schemes, making SSY highly attractive for conservative investors.

If you deposit Rs. 1 lakh in a particular financial year, the accumulation of interest on that fund over a span of 10 years is represented in the bar chart below. Please be informed that the below illustration is to demonstrate the returns of amount invested in SSY scheme over a period, though the annual investment requirements and the duration of the investment may vary.

Historical Interest Rates (SSY)

Sukanya Samriddhi Yojana 2025 - Features & Eligibility

Opening Account Rules & Age Limit:

• Account opening: Must be done before the girl turns 10 years old.
• SSY Account Eligibility: Only resident Indian girl children.
• Account holders: Parents or legal guardians can open an SSY account.
• Family limit: Up to two SSY accounts per family (one for each girl).
  
  • If the family has twins/triplets in the first or second birth, more than two accounts can be opened.
  • If the first birth results in multiple girl children, no additional SSY account will be allowed for subsequent girls in the same birth.

Deposit Rules:

• Minimum deposit: Rs 250 per year.
• Maximum deposit: Rs 1.5 lakh per year.
• Maturity period: 21 years from the date of account opening.
• Deposit methods: Cash, cheque, DD, or online transfer.
• Guardian role: Guardian can deposit and operate the account until the girl turns 18 years old.

Beneficiary: 

• Any girl child who is a resident Indian can be a beneficiary under SSY from the time of opening the account till the time of maturity/closure.
• The SSY account should be operated by the girl child after she attains the age of 18 years. 

Interest Rate:

• Current interest rate: 8.2% per annum (for the 2nd quarter of FY 2025-2026).
• Interest calculation: Calculated on the minimum balance between the last day of the month and the 5th day of the following month.
• Tax status: Interest is tax-free under section 10 of Income Tax Act.

Maturity Period:

• The maturity period of SSY is 21 years from the date of account opening.
• But closer of account permitted before 21 years in case of fund required for girl child marriage expenses only after girl child turned 18 years old or more.
• On maturity Interest and principal will be paid to the girl child on submission of an application and proof of identity, residence,age proof, and citizenship documents.

Premature Closer of SSY Account
Sukanya Samriddhi Yojana (SSY) can be prematurely closed only in the following situations:

• Marriage: After the girl turns 18, an application for closure can be submitted between 1 month before marriage and 3 months after marriage, along with age proof.
• Death: If the girl child dies, the balance will be paid to the guardian upon submission of the death certificate.
• Medical emergencies: Premature closure allowed in case of life-threatening diseases or death of the guardian.
• General premature closure: If closure is made for reasons other than the above, the account will earn interest at a lower post-office savings account rate.

Pre- Maturity Withdrawal Rules:

• Withdrawal limit: 50% of the account balance as of the previous financial year’s end.
• Purpose: Can only be used for educational or marriage expenses.
• Installments: Withdrawal can be made in lump-sum or in 5 equal installments.
• Documentation required: Form-3, along with proof of educational or marriage expenses (e.g., admission fee slip, bills, and SSY passbook).
• Withdrawal cap: The withdrawal amount cannot exceed the fees for admission to higher education.

Default Rules:

• If the minimum amount is not deposited for the financial year, the account will be categorised as 'Account under Default'.
• Accounts under default can be regularised within 15 years of account opening, by depositing the missed minimum deposits and penalty of Rs. 50 per year.
• Though the account is categorised as an “Account under Default” the interest amount will be earned for the amount already deposited.

No Interest Payable:

• After the completion of the tenure of the SSY, i.e., after 21 years from account opening. 
• After the girl child becomes a non-citizen or a non-resident of India. 
• Any deposit made above the maximum cap, i.e., Rs.1.5 lakh per year will not earn any interest and will not be allowed as a deduction. Excess deposits can be withdrawn anytime.

SSY Scheme Benefits

The following are some of the benefits of investing funds under Sukanya Samriddhi Scheme.

• Attractive Interest Rate - Sukanya Samriddhi Yojana offers an interest of 8.2% per annum, which is better than the most FD interest rates.
• Safety and Government Security: As already mentioned, the scheme is fully backed by the government. This ensures the safety of amount invested and guaranteed returns at the applicable interest rates.
• Availability for Long Term Requirements: Since the duration of the funds is 21 years, this scheme ensures that funds are available for important milestones of the account holder.   

Sukanya Samriddhi Yojana Tax Benefits

Sukanya Samriddhi Yojana enjoys the Exempt-Exempt-Exempt (EEE) tax status, which is the most favorable in tax-saving schemes. 

• Deduction on Deposits: SSY deposit amount per month or per annum, eligible for Section 80C deduction up to ₹1.5 lakh per year.
• Tax-free interest: Interest earned on the SSY account balance annually is fully exempt under section 10 of the Income Tax Act.
• Tax-free maturity: Final proceeds, including interest and principal amount, are exempt from income tax.

Documents Required for Sukanya Samriddhi Yojana

You have to walk down to the post office or a bank branch where you have submitted the SSY application to submit the documents and proofs. You need to submit a physical copy of the following documents:

• Birth certificate of the girl child
• Identity and address proof of the guardian
• Medical certificate for proof of birth of multiple girl children on a single order of birth
• Other KYC documents, such as Aadhaar card, Voters ID, etc.
• Any other documents as required by the post office or banks

Sukanya Samriddhi Yojana Interest Calculation 

The interest for the SSY account is calculated on the lowest balance for the calendar month, i.e. between the fifth day of the month and the end of the month. The interest will be credited once, at the end of each financial year.

Since the interest accrued on an SSY account is compounded on a yearly basis, it may not be a simple task to manually calculate the interest. Instead, you can use our Sukanya Samriddhi Yojana Calculator to arrive at the maturity amount upon entering the details, such as probable investment amount per year, the age of the girl child, and the account commencement year.

How to Open a Sukanya Samriddhi Yojana Account in a Post Office?

Sukanya Samriddhi Yojana (SSY) account can be opened with a participating bank (designated bank) or a Post Office branch. You need to follow the below procedure to open the account:

• Visit the bank or post office branch where you would like to open the account.
• Fill up the application form (Form-1) with relevant details and provide supporting documents.
• Pay the first deposit in the form of cash, cheque, or demand draft. The amount can be anything from Rs. 250 up to Rs.1.5 lakh.
• The bank or post office will process your application and payment.
• Upon processing, your SSY account will be opened. A passbook will be issued for this account marking the initiation of the account.

Download Important Forms For Sukanya Samriddhi Yojana

Important forms under the Sukanya Samriddhi Yojana (SSY) Scheme are given below:

How to Open a Sukanya Samriddhi Yojana Account through Banks?

You can open a Sukanya Samriddhi Yojana account either with a participating bank or a post office branch. It is more convenient for you to open an SSY account with the bank where you already hold a savings account if it is one of the participating banks. You can visit the respective banks’ websites to download the SSY Account Opening Application Form. You need to fill the form and submit it to the participating bank to open the SSY account. The participating banks are:

The form and procedure will remain same as above.

Sukanya Samriddhi Yojana Online Payment

You have to download the IPPB app on your smartphone to make online payments towards your SSY account. Through this app, you can set standing instructions so that a specified amount will be transferred online to your SSY account. Here is the step-by-step procedure:

Step 1: Transfer money from your bank account to the IPPB account.

Step 2: On the IPPB app, go to DOP Products / Services tab and choose the Sukanya Samriddhi Yojana account.

Step 3: Enter your SSY account number and the customer ID.

Step 4: Choose the amount you would like to pay and the installment duration.

Step 5: IPPB will notify you of the success of setting up the payment routine.

Each time the app makes the money transfer, you will be notified of the same.

How to Transfer a Sukanya Samriddhi Account from the Post Office to a Bank?

To transfer the SSY account from a post office to a bank, follow these instructions:

• Visit the PO branch where the account is held. The girl child need not visit the PO branch as the guardian can complete the process.
• Inform the PO executive about your intent to transfer the SSY account.
• Submit the duly filled account transfer form and KYC documents. The executive will verify the details and transfer the account on your request.
• Now, visit the bank branch where you would like to maintain the SSY account.
• Submit the self-attested KYC documents and any other paperwork provided to you by the PO executive while requesting to maintain the account with them.
• Once the bank executive processes your request, a new passbook will be provided.

The balance in the SSY can be transferred anywhere in India – from or to post offices, from or to banks, and between post offices and banks free of cost. This can be done upon furnishing proof of a change of residence of either the guardian or the girl child. Under any other circumstance, such a transfer can be made by paying a fee of Rs 100.

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