Tax benefit: 80C deduction on deposits + interest is tax-free + maturity is tax-free (EEE status)
Partial withdrawal: 50% of balance after girl turns 18 (for education)
Matures: 21 years from account opening (or marriage after 18)
Open at: Any post office or authorised bank (SBI, HDFC, PNB, etc.)
SSY Maturity Calculator — How Much Will You Get?
Monthly Deposit
Annual Deposit
At Maturity (21 years)
Total Invested
Rs 1,000
Rs 12,000
Rs 6.4 lakh
Rs 1.8 lakh (15 years)
Rs 2,000
Rs 24,000
Rs 12.7 lakh
Rs 3.6 lakh
Rs 5,000
Rs 60,000
Rs 31.9 lakh
Rs 9 lakh
Rs 10,000
Rs 1.2 lakh
Rs 63.8 lakh
Rs 18 lakh
Rs 12,500
Rs 1.5 lakh (max)
Rs 78.5 lakh
Rs 22.5 lakh
Note: Deposits are made for 15 years. Account continues to earn 8.2% for remaining 6 years without deposits. Total tenure is 21 years from account opening.
How to Open Sukanya Samriddhi Account
Girl child must be below 10 years of age
Parent or legal guardian opens the account
Maximum 2 accounts per family (one per girl child) — 3 allowed for twins/triplets
Documents: Girl child's birth certificate, parent's Aadhaar and PAN
Open at any post office or authorised bank — SBI, HDFC, ICICI, PNB, Canara Bank etc.
Minimum Rs 250 to open the account
Tax Benefits — Triple Exempt (EEE)
Deposits: Eligible for 80C deduction up to Rs 1.5 lakh/year
Interest earned: Completely tax-free every year
Maturity amount: Completely tax-free
💡 SSY vs FD: SSY at 8.2% tax-free is equivalent to 11.7% FD for someone in 30% tax bracket. It is the single best long-term savings instrument for a girl child's education and marriage fund. Open it as early as possible — even at birth — to maximise the compounding benefit.
The Sukanya Samriddhi Yojana interest rate for 2026 is 8.2% p.a. compounded annually. This is the highest interest rate among all government savings schemes — higher than PPF (7.1%), SCSS (8.2% — same), NSC (7.7%) and all bank FDs for this tenure. The rate is reviewed quarterly by the government and has been steady at 8.2% since 2023.
Yes, you can open an SSY account for a girl child up to (but not including) 10 years of age. If the girl is exactly 10 years old on the date of opening, she is not eligible. The account must be opened before the girl's 10th birthday. After opening, deposits continue for 15 years and the account matures 21 years from opening.
If you fail to deposit the minimum Rs 250 in any financial year, the account becomes inactive (defaulted). To reactivate, pay Rs 50 penalty per year of default plus the minimum deposit of Rs 250 for each missed year. The account can be reactivated any time before it matures. Regular deposits are recommended — set up an auto-debit or reminder to avoid default.
📋 Sources & Methodology
Data sourced from: RBI official website · Official bank websites · SEBI · IRDAI · Ministry of Finance press releases. Rates and data verified by FinMandi Research Team. Last verified: May 2026. FinMandi does not accept payment to rank any bank or product.
Disclaimer: All scheme details are as per official government sources updated May 2026. Eligibility and benefits may change. Always verify at official government portals before applying.