Sukanya Samriddhi Yojana 2026: Open account in daughter’s name with just ₹ 250, getting strong interest at the rate of 8.2%

Sukanya Samriddhi Yojana (SSY) is being run by the Central Government under the ‘Beti Bachao, Beti Padhao’ campaign with the aim of simplifying the higher education, secure career and marriage expenses of daughters in the country. This is a Small Savings Scheme, which can be opened in post offices and authorized nationalized and private banks.

The biggest strength of this scheme is its interest rate and government guarantee. Sukanya Samriddhi Yojana offers the most attractive interest rates compared to Fixed Deposit (FD), PPF or other traditional government savings schemes. Apart from this, this scheme allows parents to accumulate small savings every month or every year in a disciplined manner, which builds up to a huge wealth fund in 21 years.

• Current Interest Rate: On Sukanya Samriddhi Yojana by the government 8.2% per annum Interest is being given at the rate of Rs. Its interest is compounded on an annual basis, increasing the returns manifold in the long run.

• Triple Tax Exemption (EEE Status):

  
  

  1. Rebate on investment: The maximum limit on the amount deposited in every financial year under Section 80C of the Income Tax Act, 1961 ₹1.5 lakh Tax deduction is available up to Rs.

  2. No tax on interest: No tax or TDS is deducted on the interest added to the account every year.

  3. Full Rebate on Maturity: When the account matures after 21 years, both the principal amount and the total interest received are completely tax-free.

Before opening Sukanya Samriddhi account, it is important to understand these important rules:

• Age Limit: account only girls under 10 years of age Can be opened only in the name of. This account can be opened any time from the birth of the child till her 10th birthday.

• Parents/Legal Guardians: The account is operated in the name of the girl child only by her parents or legal guardian.

• Limit in family: Maximum in one family two daughters Sukanya Samriddhi account can be opened only for Rs.

• Exception (twin girls): If twins/triplets are born after the first delivery or in the first delivery, then special permission is given to open the account in the name of more than two daughters on production of medical certificate.

• Citizenship: The girl child should be a citizen of India and residing in India. If the girl child becomes a Non-Resident Indian (NRI) or gives up citizenship, the account will be considered closed from that date.

• Minimum Deposit Amount: account only ₹250 Can be opened with an initial amount of Rs. It is mandatory to deposit at least ₹250 in a financial year to keep the account active.

• Maximum Deposit Amount: Maximum in a financial year (1 April to 31 March) ₹1,50,000 (one and a half lakh rupees) Can be deposited up to.

• Penalty Rules: If minimum ₹250 is not deposited in any year, the account is considered defaulted. It can be reactivated by paying a penalty of ₹50 and the minimum outstanding amount.

• Investment Period: Money in account only from the date of account opening Till completion of 15 years Only these have to be deposited.

• Total maturity period of the account: From the date of account opening On completion of 21 years It is completely mature. That means between the 15th year to the 21st year (6 years) you do not have to deposit any money, but interest at the rate of 8.2% keeps getting added on your balance.

Based on 8.2% annual interest rate, if a parent invests regularly for 15 years, the potential return at maturity of 21 years is as follows:

(Note: The above calculation is based on the current 8.2% fixed annual compound interest rate. The government reviews the interest rates of small savings schemes every quarter, which may lead to slight differences in the final maturity amount.)

• Partial Withdrawal for Higher Education (50% Rule): When the daughter completes 18 years of age or passes class 10th, the total balance of the previous financial year can be used for her higher education (college/university fees). up to 50 Can be taken out. For this, it is necessary to submit the official offer letter or fee slip for admission to the college.

• Premature closure at the time of marriage: If the daughter has completed 18 years of age and her marriage is fixed, then the maturity amount can be obtained by applying 1 month before the marriage date or 3 months after the marriage and getting the account completely closed.

• Unfortunate Circumstance: If the insured girl child dies untimely or the parents suffer from any life-threatening disease, the account is immediately closed after verification of the medical/death certificate and the remaining amount along with interest is returned.

To open Sukanya Samriddhi Account, parents or guardian will have to carry the following documents:

1. Original birth certificate of the daughter (Birth Certificate – issued by hospital or municipal corporation).

2. Identity card of parent or legal guardian (Aadhar Card, PAN Card, Voter ID or Passport).

3. Current residence certificate of the guardian (electricity bill, ration card, Aadhar card).

4. Latest passport size photographs of guardian and girl child.

5. In case of twins or triplets, medical certificate from the concerned competent authority/hospital.

Sukanya Samriddhi Account can be easily opened through offline and online banking support:

1. By visiting post office or bank branch:

1. Go to your nearest post office or branch of authorized bank (SBI, PNB, BoB, Canara, ICICI, Axis, HDFC etc.).

2. from there Sukanya Samriddhi Yojana Application Form (Form SSA-1) Receive.

3. Enter girl name, date of birth, parents name, bank account number and current address in the form.

4. Attach self-attested copy of the girl’s birth certificate and guardian’s Aadhaar and PAN card along with the filled form.

5. Deposit the initial deposit (minimum ₹250 or more) over the counter through cash, check or demand draft.

6. As soon as the formalities are completed, a special SSY Passbook Will be issued, in which the account number and all details will be recorded.

2. Online Deposit Facility:

Once the account is opened at the post office or bank, you can transfer money online directly from your savings account to Sukanya account every month from the comfort of your home through your respective bank’s internet banking, mobile banking app or IPPB (India Post Payments Bank) app.