Sukanya Samriddhi Yojana (SSY)

Sukanya Samriddhi Yojana secures your girl's future with an 8.2% interest rate and tax benefits under Section 80C.
Sukanya Samriddhi Yojana
3 mins
22-August-2025

Give your girl child a strong financial foundation with the government-backed Sukanya Samriddhi Yojana (SSY). With attractive interest rates, tax benefits, and a long-term savings structure, this scheme is designed to help parents plan for their daughter’s education and marriage while ensuring her financial independence.

Parents always want the best for their children—be it education, marriage, or financial security. To support this, the Government of India introduced the Sukanya Samriddhi Yojana (SSY), a small savings scheme under the “Beti Bachao, Beti Padhao” initiative.

It can be easily opened at post offices and authorized banks and offers one of the highest interest rates among government savings schemes.

Alongside SSY, you can diversify your portfolio with a Bajaj Finance Fixed Deposit offering up to 7.30% p.a. for senior citizens and 6.95% p.a. for regular investors. Open FD.

Sukanya Samriddhi Account (SSA)

 

S.No.

Circle

Sukanya Samriddhi Account

Deposit (in Rupees)

1

Andhra Pradesh

10313

27205000

2

Assam

8721

6325700

3

Bihar

15578

15607700

4

Chhattisgarh

5921

5050300

5

Delhi

4338

6368650

6

Gujarat

13427

12386900

7

Haryana

5775

9813350

8

Himachal Pradesh

2161

6134650

9

Jammu & Kashmir

1458

3705500


Sukanya Samriddhi Yojana: Age limit and maturity period

  • Opening SSY Account: Can be opened before the girl turns 10 years old.
  • Beneficiary: Any resident Indian girl child.
  • Deposits: Minimum Rs. 250, maximum Rs. 1.5 lakh per year for 15 years.
  • Maturity: Account matures after 21 years from the opening date.

While SSY has a long lock-in, if you want flexible tenures from 12 to 60 months, Bajaj Finance FD is a great option. Check latest FD rates and invest now!

Fixed Deposit

  1. Trusted by over 5 lakh customers
  2. Fixed Deposits worth more than Rs. 50,000 crore booked
  3. Rated CRISIL AAA/STABLE and [ICRA]AAA(STABLE)
  4. Up to 0.35% p.a. extra interest offered for senior citizens
  5. Flexible interest payout options available - Monthly, Quarterly, Half-yearly, Annually or at Maturity

By proceeding, you agree to our Terms and Conditions

Features of Sukanya Samriddhi account scheme

The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme designed to secure the future of girl children in India. Here are 10 key features of this beneficial program:

1. Minimum & maximum deposit: You can contribute a minimum of Rs. 250/- and a maximum of Rs. 1.5 Lakh in a financial year towards the SSY account.

2. Opening age: An account can be opened for a girl child up to the age of 10 years.

3. One account per child: Only one SSY account can be opened in the name of a single girl child.

4. Accessibility: Accounts can be opened at authorized banks and post offices across India, making it convenient for everyone.

5. Education withdrawal: Partial withdrawals are allowed for the girl child's higher education expenses after she reaches adulthood.

6. Premature closure for marriage: The account can be prematurely closed in case of the girl child's marriage after she turns 18 years old.

7. Transferability: The SSY account can be easily transferred anywhere in India from one post office or bank to another.

8. Maturity period: The account matures after a period of 21 years from the date of opening.

9. Tax benefits (Deposit): Contributions made towards the SSY account qualify for tax deductions under Section 80C of the Income Tax Act.

10. Tax benefits (Interest): The interest earned on the SSY account is exempt from Income Tax under Section 10 of the Income Tax Act.

Benefits of Sukanya Samriddhi Yojana

  • High Interest Rate: 8.2% p.a. (Q1 2025).
  • Tax Benefits: Deductions under Section 80C and tax-free interest.
  • Compounding Growth: Annual compounding ensures higher maturity.
  • Risk-Free: Government-backed scheme.
  • Supports Education & Marriage: Encourages targeted savings for important life goals.

Looking for assured growth with shorter lock-ins?

Bajaj Finance FD lets you invest safely and still enjoy attractive returns. Start an FD investment with as low as Rs. 15,000. 

Tax benefits of Sukanya Samriddhi Yojana

1. Deduction under Section 80C:

Investments in SSY are eligible for tax deductions up to Rs. 1.5 lakh per year, reducing your taxable income.

2. Tax-free interest:

The interest earned on your SSY account is completely exempt from income tax.

3. Exempt-Exempt-Exempt (EEE) status:

This means the invested amount, interest earned, and maturity amount are all tax-free.

4. Tax-free withdrawals:

Partial withdrawals for education and medical purposes (after the girl child turns 18) are also exempt from tax.

Sukanya Yojana interest rates 2025

The Sukanya Samriddhi Yojana interest rate is fixed by the government and reviewed every quarter. The Sukanya Samriddhi Yojana interest rate for 2025 is 8.2%.

SSY Interest Rate

8.2% p.a.(w.e.f 01.01.2025 to 31.03.2025).

Investment Amount

Minimum - Rs.250; Maximum Rs.1.5 lakh p.a.

Maturity Amount

It depends on the amount invested

Maturity Period

21 years

 

Bajaj Finance FD offers consistent returns unaffected by any change in the market conditions—making it a reliable investment for predictable growth. Open a Bajaj Finance FD and earn up to 7.30% p.a. returns.

Sukanya Samriddhi Yojana (SSY) interest rates: Previous rates

Time Period

SSY Interest Rate (% annually)

Jan to Mar (Q4 FY 2024 - 25)

8.2

Oct to Dec (Q3 FY 2024 - 25)

8.2

July to Sep 2024 (Q2 FY 2024-25)

8.2

Apr to Jun 2024 (Q1 FY 2024-25)

8.2

Jan to Mar 2023 (Q4 FY 2022-23)

7.6

Oct to Dec 2022 (Q3 FY 2022-23)

7.6

Jul to Sep 2022 (Q2 FY 2022-23)

7.6

Apr to Jun 2022 (Q1 FY 2022-23)

7.6

Jan to Mar 2022 (Q4 FY 2021-22)

7.6

Oct to Dec 2021 (Q3 FY 2021-22)

7.6

Jul to Sep 2021 (Q2 FY 2021-22)

7.6

Apr to Jun 2021 (Q1 FY 2021-22)

7.6

Jan to March 2021 (Q4 FY 2020-21)

7.6

Oct to Dec 2020 (Q3 FY 2020-21)

7.6

Jul to Sep 2020 (Q2 FY 2020-21)

7.6

Apr to Jun 2020 (Q1 FY 2020-21)

7.6

Jan to March (Q4 FY 2019-20)

8.4

Oct to Dec 2019 (Q3 FY 2019-20)

8.4

Jul to Sep 2019 (Q2 FY 2019-20)

8.4

Apr to Jun 2019 (Q1 FY 2019-20)

8.5

Jan to March 2019 (Q4 FY 2018-19)

8.5

Oct to Dec 2018 (Q3 FY 2018-19)

8.5

Jul to Sep 2018 (Q2 FY 2018-19)

8.1

Apr to Jun 2018 (Q1 FY 2018-19)

8.1

Jan to March 2018 (Q4 FY 2017-18)

8.1

Oct to Dec 2017 (Q3 FY 2017-18)

8.3

Jul to Sep 2017 (Q2 FY 2017-18)

8.3

Apr to Jun 2017 (Q1 FY 2017-18)

8.4


If you're looking for an alternative to the Sukanya Samriddhi Yojana, consider a Bajaj Finance Child FD. Start investing in a Bajaj Finance Fixed Deposit right away to secure your child's future.

Calculation of Sukanya Samriddhi Yojana interest

SSY interest is compounded annually using the formula:

A = P (1 + r/n) ^ nt

Where:

  • P = Principal
  • r = Rate of Interest
  • n = Compounding frequency
  • t = Number of years

Also Read: Ladli Laxmi Yojana

Eligibility criteria for opening SSY

  • Girl child must be below 10 years.
  • Only parents/guardians can open the account.
  • One account per child (maximum two per family).
  • Minimum deposit Rs. 250; maximum Rs. 1.5 lakh annually.

How to invest in Sukanya Samriddhi Yojana

  • Apply through authorized banks or post offices.
  • Submit documents like:
    • Birth certificate of the child.
    • Parent/guardian’s ID & address proof.
    • Other KYC documents like PAN, Voter ID.

Sukanya Samriddhi Yojana online payment

  • Download the IPPB app.
  • Transfer funds to your IPPB account.
  • Link SSY account in the app.
  • Set standing instructions for automatic transfers.

Rules for premature withdrawal from SSY account

You can request an early closure of the Sukanya Samriddhi account only in the following scenarios:

1. Marriage of the girl child:

If your daughter has reached 18 years and is getting married, you can apply for premature closure. This request must be made within one month before or three months after the wedding, accompanied by age-proof documents. You can withdraw up to fifty percent of the balance from the preceding financial year without incurring any tax implications.

2. Demise of the girl child:

In the unfortunate event of the girl child's death, you can close the account prematurely. A death certificate must be provided, and the entire corpus of the Sukanya Samriddhi Account, along with accrued interest up to the month before closure, will be paid to the guardian. No taxes will be imposed on premature closure.

3. Change in residency or citizenship:

If the girl child's status changes, such as becoming a non-resident or acquiring citizenship in another country, you can opt for premature closure. As the guardian, you should submit documents reflecting the alteration in her residency or citizenship status within one month.

4. Special circumstances:

If the account has been active for at least five years, and the bank or post office believes that continuing the account for the girl child is impractical due to reasons like the guardian's demise or the child's illness, you may request premature closure.

Sukanya Samriddhi Yojana closure rules

A. Closure on maturity:

The SSY account matures when the girl turns 21. The entire balance, including interest, will be paid out after submitting an application along with proof of identity, residence, and citizenship.

B. Premature closure:

Premature closure is permitted under the following conditions:

1. Marriage: If the girl is 18 or older, an application (Form-4) can be submitted for closure between one month before and three months after the marriage, with age proof documents.

2. Death: In case of the girl's death, the balance, along with interest, will be paid to the guardian upon submission of the death certificate.

3. Medical reasons: If the girl has a life-threatening illness or the guardian passes away, premature closure may be allowed.

4. Status change: If the girl becomes a non-resident or non-citizen of India, the status change must be reported within one month for account closure.

5. Undue hardship: After 5 years from opening the account, if continued operation causes undue hardship (e.g., guardian’s death, medical issues), the account may be closed early.

6. Other reasons: For other reasons, closure is allowed, but the deposited amount will earn interest at the rate applicable to post office savings accounts.

Also Read: Beti Bachao Beti Padhao (BBBP) Scheme

Conclusion

Sukanya Samriddhi Yojana is one of the best government-backed schemes for parents who want to create a financial cushion for their daughter’s education and marriage. With high interest rates, long-term compounding, and tax benefits, it ensures security and growth.

At the same time, diversifying into Bajaj Finance FDs can provide shorter tenures, flexibility, and equally competitive returns—making it the perfect complement to SSY. Check latest rates and invest now!

Frequently asked questions

Is the maturity amount on withdrawal from the SSY account taxable?

The maturity amount from the SSY account is not taxable as it is fully exempt of the Income Tax Act.

What is the maximum amount of deduction for SSY account deposits? How to claim a deduction?

The maximum deduction allowed for SSY account deposits is up to Rs. 1.5 lakh per financial year under Section 80C of the Income Tax Act. To claim this deduction, you need to keep records of the deposits made as evidence.

How to apply for Sukanya Samriddhi Yojana online?

You can apply for Sukanya Samriddhi Yojana online through authorized banks and post offices that offer this facility.

How to check Sukanya Samriddhi Yojana account balance?

You can check your Sukanya Samriddhi Yojana account balance by visiting the bank or post office where the account was opened. They will provide you with the account statement, or you can inquire about the balance in person.

What is the minimum amount required to open an account under Sukanya Samriddhi Yojana?

The minimum amount required to open an account under Sukanya Samriddhi Yojana is Rs. 250, but it may vary depending on the institution. It's advisable to check with the specific bank or post office for their minimum deposit requirement.

What is the locking period of Sukanya Yojana?

The Sukanya Samriddhi Yojana account matures after 21 years from the date of opening or until the girl child gets married, whichever occurs earlier.

What is the frequency of investment allowed under Sukanya Samriddhi Yojana?

Under Sukanya Samriddhi Yojana, you can invest at any frequency as long as you meet the minimum annual deposit requirement, which is Rs. 250.

What is SSY Rs. 5,000 per month?

SSY Rs. 5,000 per month refers to a regular monthly contribution of Rs. 5,000 to a Sukanya Samriddhi Yojana (SSY) account. This translates to an annual investment of Rs. 60,000, which falls well within the scheme's yearly limit of Rs. 1.5 lakh. Over the 15-year investment period, this consistent contribution can potentially lead to a significant corpus at maturity, helping secure your daughter's financial future.

How much money will I get after 21 years of Sukanya Samriddhi Yojana?

The maturity amount in SSY after 21 years depends on your contribution amount and the prevailing interest rates.

Is Sukanya a good investment?

Yes, Sukanya Samriddhi Yojana (SSY) is considered a good investment for parents of girl children. It offers a high-interest rate, tax benefits, and long-term financial security for the girl’s education and marriage.

What if the father dies in Sukanya Samriddhi Yojana?

If the father dies in Sukanya Samriddhi Yojana, the account can remain active. The guardian, such as the mother or legal guardian, can continue making deposits. The accumulated amount remains secure and continues to earn interest.

Is it mandatory to deposit every year in Sukanya Samriddhi?

Yes, it is mandatory to deposit a minimum of Rs. 250 every year to keep the Sukanya Samriddhi account active. Failing to do so may result in the account being considered inactive or dormant.

Is Sukanya Samriddhi Yojana monthly?

No, Sukanya Samriddhi Yojana is not a monthly scheme. You can make deposits at any time during the year, either in a lump sum or in installments, but there is no specific requirement for monthly deposits.

How many years need to pay for Sukanya Samriddhi Yojana?

Deposits towards the Sukanya Samriddhi Yojana (SSY) account need to be made for 15 years from the date the account is opened. This ensures regular contributions towards the girl child's future. Even after the 15-year investment period, the SSY account continues to earn interest on the accumulated balance. This interest is compounded annually, further increasing the girl child's corpus. The Sukanya Samriddhi Yojana account matures after 21 years from the date of opening. This provides a long-term investment horizon for the girl child's future needs.

What is sukanya yojana 250 per month?

The Sukanya Samriddhi Yojana (SSY) allows you to invest as little as Rs 250 per month towards a girl child's future. This government scheme offers a flexible way to save for her long-term needs, even if you can't contribute a large sum at once.

Is Sukanya tax free?

Yes, Sukanya Samriddhi Yojana offers triple tax benefits—deposits qualify for deductions under Section 80C (up to Rs.1.5 lakh), and both the interest earned and maturity amount are entirely tax-free.

 

Is Sukanya good or bad?

Yes, Sukanya Samriddhi Yojana offers triple tax benefits—deposits qualify for deductions under Section 80C (up to Rs.1.5 lakh), and both the interest earned and maturity amount are entirely tax-free.

What is the Sukanya Samriddhi Yojana in Post Office?

Sukanya Samriddhi Yojana (SSY) can be opened at post offices for a girl child under 10 years. It requires a minimum deposit of Rs.250 and allows a maximum of Rs.1.5 lakh per financial year.

Which scheme is best for a girl child?

The Sukanya Samriddhi Yojana (SSY) is considered one of the best schemes for a girl child. It offers attractive interest rates, tax benefits, and is specifically designed to secure the financial future of girls.

Can we deposit after 15 years in Sukanya Samriddhi account?

No, deposits in the Sukanya Samriddhi account are allowed only for 15 years from the date of account opening. However, the account continues to earn interest until maturity, which occurs when the girl turns 21.

Can I ladder Bajaj Finance FDs for different goals?

Yes, you can open multiple Bajaj Finance FDs with different maturities to align with your child’s education, marriage, or other financial needs. Check out the interest rates offered by Bajaj Finance as per different tenures and start investing.

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