Sukanya Samriddhi Yojana: A Smart Saving Plan for Girl Child in India (2026)
Introduction
The Sukanya Samriddhi Yojana (SSY) is one of the best government-backed savings schemes in India designed exclusively for the girl child. Launched under the Beti Bachao, Beti Padhao initiative, this plan encourages parents to secure their daughter’s financial future through disciplined savings and tax benefits.
Key Features of Sukanya Samriddhi Yojana (SSY)
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💰 Attractive Interest Rate
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The government revises the interest rate every quarter.
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As of 2025, the interest rate is 8.2% per annum (compounded annually).
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👧 Eligible Beneficiary
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The account can be opened only in the name of a girl child below 10 years of age.
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Each family can open up to two accounts (for two girls).
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🏦 Minimum and Maximum Deposit
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Minimum deposit: ₹250 per year
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Maximum deposit: ₹1.5 lakh per year
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📅 Account Tenure
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The account remains active for 21 years from the date of opening.
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Deposits can be made for 15 years, and the balance continues to earn interest till maturity.
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💸 Tax Benefits
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Deposits qualify for tax deduction under Section 80C of the Income Tax Act.
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The interest earned and maturity amount are completely tax-free.
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Benefits of Sukanya Samriddhi Yojana
✅ Secures the Future of the Girl Child
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Helps in building a financial corpus for higher education or marriage.
✅ Government-Backed Scheme
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Offers guaranteed returns and complete safety of the investment.
✅ High Returns with Tax-Free Growth
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Better interest rate compared to other small savings schemes.
✅ Flexible Deposits
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You can deposit any amount between ₹250 and ₹1.5 lakh per year as per convenience.
How to Open a Sukanya Samriddhi Yojana Account
You can open an SSY account easily at:
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Post Offices across India
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Authorized Banks like SBI, HDFC Bank, ICICI Bank, Axis Bank, and others
Documents Required:
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Birth certificate of the girl child
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Parent/guardian’s ID proof (Aadhaar, PAN, etc.)
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Address proof
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Passport-size photographs
Conclusion
The Sukanya Samriddhi Yojana is one of the most beneficial long-term savings plans for Indian parents. It not only promotes financial independence for the girl child but also ensures tax-free, guaranteed returns. If you are planning for your daughter’s bright future, SSY is a smart and secure choice in 2026.