Guides / Sukanya Samriddhi Yojana: Rules, Interest and Maturity
Sukanya Samriddhi Yojana: Rules, Interest and Maturity
1 Oct 2026Sukanya Samriddhi Yojana (SSY) is a government savings scheme for the future of a girl child. It usually offers a higher rate than PPF.
Key features
- Who: a parent or guardian can open it for a girl, generally up to age 10.
- Deposits: ₹250 minimum and ₹1.5 lakh maximum per year, for the first 15 years.
- Maturity: 21 years after opening.
- Interest: set quarterly by the government. It was 8.2% in recent quarters, so check the current rate.
- Tax: deposits can qualify for a deduction under the old regime, and interest and maturity are tax-free under current rules.
What it can grow to
At 8.2%:
| Yearly deposit | Total deposited | Estimated maturity |
|---|---|---|
| ₹1,50,000 | ₹22.5 lakh | ₹71.8 lakh |
| ₹50,000 | ₹7.5 lakh | ₹23.9 lakh |
Most of the maturity amount comes from interest earned in the last 6 years when no deposits are made. Calculate yours in the SSY Calculator.
Withdrawals
Partial withdrawal for higher education is allowed once the girl turns 18, within limits. Check the latest rules with your bank or post office.
Tips
- Start early. The scheme rewards time.
- Deposit at least the minimum every year to keep the account active.
- Plan for the 21-year horizon, not just the 15 years of deposits.