Sukanya Samriddhi Yojana (SSY)
A government-backed savings account for a girl child paying 8.2% a year (rate set quarterly).
India · Savings · Checked October 2026
At a glance
- Interest rate
- 8.2% a year for October–December 2026 (rates are reset every quarter)
- Opening deposit
- Minimum ₹250
- Yearly deposit
- Minimum ₹250, maximum ₹1.5 lakh, in multiples of ₹50
- Deposit period
- For 15 years from opening the account
- Maturity
- 21 years from opening the account
- Withdrawal for education
- Up to 50% of the balance once she is 18 or has passed Class 10
- Where to open
- Any post office, or a public sector bank and authorised private banks (HDFC Bank, Axis Bank, ICICI Bank, IDBI Bank)
Who can apply
- A parent or legal guardian can open it for a girl child from birth until she turns 10.
- One account per girl; a family can open accounts for up to two girls (more in the case of twins or triplets, with documents).
How to apply
- Take the documents below to a post office or an authorised bank and fill in the Sukanya Samriddhi account opening form.
- The account is run by the parent or guardian until the girl turns 18, then she can take it over.
Documents you usually need
- Account opening form
- Girl child's birth certificate
- Aadhaar
- PAN or Form 60
Go to National Savings Institute: Sukanya Samriddhi scheme ↗
Things to know
- The rate is revised each quarter. It was left unchanged for October to December 2026 and is next reviewed for January 2027.
- Check the withdrawal and closure rules with your post office or bank before you plan around them.
Frequently asked questions
What is Sukanya Samriddhi?
Sukanya Samriddhi Yojana (SSY): A government savings account for a girl child, currently paying 8.2%, for her education and marriage expenses.
Who is eligible for Sukanya Samriddhi?
A parent or legal guardian can open it for a girl child from birth until she turns 10. One account per girl; a family can open accounts for up to two girls (more in the case of twins or triplets, with documents).
What do you get under Sukanya Samriddhi?
A government-backed savings account for a girl child paying 8.2% a year (rate set quarterly).
How do I apply for Sukanya Samriddhi?
Take the documents below to a post office or an authorised bank and fill in the Sukanya Samriddhi account opening form. The account is run by the parent or guardian until the girl turns 18, then she can take it over.
Read next
Sources
Details checked on October 2026 against:
- PIB — Sukanya Samriddhi Yojana: who can open an account, documents, current rate (21 Jan 2026)
- Ministry of Finance (DEA) — Office Memorandum, 30 Sep 2026: small savings rates unchanged for Oct–Dec 2026
- Business Today — Small savings rates for Q3 FY27 (full rate table)
General information from official sources, not legal or financial advice. SaveItIndia is not a government website. Schemes change, so confirm amounts, dates and eligibility on the official portal or with your bank before you apply.