CalculatrSukanya Samriddhi Yojana India 2026 — Summary of the 2019 Scheme
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Sukanya Samriddhi Yojana (SSY) is a government savings scheme for the girl child. This page summarises the Sukanya Samriddhi Account Scheme, 2019 as notified and shows maturity examples at a constant 8.2% rate (press reports say small savings rates were unchanged for October to December 2026). We have not checked later amendments, so confirm current conditions with your bank or post office. Tax treatment is not covered.
1. What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana is a government savings scheme for girl children, notified under the Government Savings Promotion Act, 1873 as the Sukanya Samriddhi Account Scheme, 2019 (earlier rules dated 2014 are replaced by it). Accounts are opened at an accounts office such as a post office or authorised bank.
Interest is set by the government and revised quarterly. press reports say small savings rates were unchanged for October to December 2026, so the examples on this page use 8.2% a year. For the official rate see the Department of Economic Affairs small savings page. The Scheme calculates interest on the lowest balance between the 5th and the month end and credits it at the end of each financial year.
2. SSY Maturity Examples
To understand the real power of SSY, here is an estimated maturity calculation at a constant 8.2% for different annual deposit amounts, with annual compounding and each year's deposit made at the start of the year. Real results differ because the rate changes and interest is calculated on the monthly lowest balance. Note that deposits are made only for the first 15 years, after which the account continues to earn interest until maturity at 21 years.
| Annual Deposit | Total Deposited (15 yrs) | Maturity Amount (21 yrs) | Total Interest Earned |
|---|---|---|---|
| ₹12,000 | ₹1,80,000 | ≈ ₹5.75 Lakhs | ≈ ₹3.95 Lakhs |
| ₹50,000 | ₹7,50,000 | ≈ ₹23.94 Lakhs | ≈ ₹16.44 Lakhs |
| ₹1,00,000 | ₹15,00,000 | ≈ ₹47.88 Lakhs | ≈ ₹32.88 Lakhs |
| ₹1,50,000 | ₹22,50,000 | ≈ ₹71.82 Lakhs | ≈ ₹49.32 Lakhs |
3. SSY Eligibility & Account Rules
The rules below are from the Sukanya Samriddhi Account Scheme, 2019 as notified. We have not checked later amendments.
| Rule | Detail (Scheme as notified, 2019) |
|---|---|
| Account in the name of | A girl child who has not attained the age of ten years on the date of opening |
| Accounts | One account per girl child; at most two girl children per family, with an exception for twins or triplets on an affidavit and birth certificates |
| Minimum Deposit | ₹250 in a financial year, in multiples of ₹50 |
| Maximum Deposit | ₹1,50,000 in a financial year |
| Deposits allowed | Until 15 years from opening |
| Maturity | 21 years from opening |
| Interest | Government-set, revised quarterly; credited at the end of each financial year |
| Default | Can be regularised until 15 years from opening for ₹50 per defaulted year plus the minimum deposit |
4. Opening an SSY Account
The application is made in Form 1 with the birth certificate of the girl child and the required documents of the guardian (paragraph 3 of the Scheme). Which banks and post offices offer it, whether any part can be done online, and the exact documents needed depend on the institution, so ask them directly.
5. Tax Treatment
This page does not state the income-tax treatment of SSY deposits, interest or maturity for FY 2026-27, because we could not confirm it under the Income-tax Act, 2025. Check incometaxindia.gov.in or ask a tax professional.
6. Withdrawal & Premature Closure Rules
Withdrawal rules below are from the Scheme as notified in 2019; later amendments are not checked. SSY is a long-term savings scheme, so withdrawal rules are relatively restrictive. However, provisions exist for education-related withdrawals and for marriage-related or emergency closures.
Partial Withdrawal (education only): Once the girl child turns 18 or passes class 10 (whichever is earlier), up to 50% of the account balance (as of the end of the preceding financial year) can be withdrawn for her higher education. It can be taken as a lump sum or in instalments (maximum one per year, for up to five years), is limited to the actual fee requirement, and needs documentary proof such as an admission letter or fee slip from a recognised institution. Marriage is not a ground for partial withdrawal — it leads to account closure (see below).
Full Premature Closure: Complete premature closure before 21 years is allowed only in the following circumstances:
- Death of the account holder (girl child) — full balance with interest paid to the guardian
- Extreme compassionate grounds — life-threatening illness of the account holder or death of the operating guardian — permitted only after at least 5 years from account opening, with documentation