Sukanya Samriddhi Yojana 2025: The Sukanya Samriddhi Yojana (SSY) is a flagship savings scheme launched by the Government of India under the "Beti Bachao, Beti Padhao" campaign in 2015. Designed to secure the financial future of girl children, SSY encourages parents and guardians to save for their daughters’ education and marriage expenses. With its attractive interest rates, tax benefits, and long-term investment horizon, SSY has emerged as one of the most popular savings schemes in India. This article provides a comprehensive overview of the Sukanya Samriddhi Yojana for 2025, covering its interest rate, benefits, eligibility criteria, and the process to apply.
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What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana is a government-backed small savings scheme aimed at promoting the welfare of girl children in India. It allows parents or legal guardians to open a savings account in the name of a girl child, fostering financial planning for her higher education and marriage. The scheme is available through authorized commercial banks and India Post branches, offering a high interest rate, tax exemptions, and guaranteed returns, making it a low-risk, high-reward investment option.
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| Sukanya Samriddhi Yojana |
The SSY account has a tenure of 21 years from the date of opening or until the girl child marries after the age of 18. It is structured to ensure flexibility in contributions while providing substantial growth through compound interest, making it an ideal choice for long-term financial planning.
Important Highlights of Sukanya Samriddhi Yojana
| Highlight | Details |
|---|---|
| Scheme Name | Sukanya Samriddhi Yojana (SSY) |
| Interest Rate | 8.2% per annum (July–September 2025), compounded annually, reviewed quarterly |
| Eligibility | Girl child below 10 years, resident of India; opened by parents/legal guardian |
| Account Limit | Maximum 2 accounts per family (3 for twins/triplets) |
| Deposit Limits | Minimum: ₹250/year; Maximum: ₹1.5 lakh/year (in multiples of ₹50) |
| Tenure | 21 years from account opening; deposits mandatory for first 15 years |
| Tax Benefits | EEE status: Deduction under Section 80C (up to ₹1.5 lakh), tax-free interest and maturity amount |
| Partial Withdrawal | Up to 50% of balance after girl child turns 18 for education/marriage |
| Premature Closure | Allowed for girl child’s death, compassionate grounds, or government directive |
| Where to Apply | Authorized banks (SBI, ICICI, etc.), India Post, or online via IPPB app |
| Required Documents | Girl child’s birth certificate, parent/guardian’s ID, address proof, KYC |
| Account Transfer | Transferable across India (free for residence change; nominal fee otherwise) |
| Default Penalty | ₹50 per year of default + minimum deposit of ₹250 to revive inactive account |
Pradhan Mantri Dhan Dhanya Krishi Yojana
SSY: Interest Rate for 2025
As of the second quarter of the financial year 2025-26 (July–September 2025), the interest rate for Sukanya Samriddhi Yojana is 8.2% per annum, compounded annually. The interest rate is reviewed and set quarterly by the Government of India, based on yields from government securities, ensuring it remains competitive compared to other savings schemes like the Public Provident Fund (PPF). The interest is calculated on the lowest balance in the account between the 5th day and the end of each month and is credited annually at the end of the financial year.
For example, if a parent deposits ₹15,000 annually for 15 years at an interest rate of 8.2%, the maturity amount after 21 years can be calculated using a Sukanya Samriddhi Yojana calculator. Assuming consistent deposits, the total investment of ₹2,25,000 could grow to approximately ₹6,73,453, yielding an interest income of around ₹4,48,453. This demonstrates the power of compounding over the long tenure of the scheme.
The historical trend of SSY interest rates shows consistency, with rates typically ranging between 7.6% and 8.4% in recent years. The current rate of 8.2% is notably higher than most fixed deposits and other government-backed savings schemes, making SSY a compelling option for parents.
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Sukanya Samriddhi Yojana 2024 Objectives
The objective of the Sukanya Samriddhi Yojana is to enable girls from poor and ordinary families to pursue higher education, to become self-reliant, to make educational progress and lead a prosperous life. The objective of this scheme is to empower women, to stop female foeticide, to make provision for the bright future of girls, to prevent girls from facing shortage of money at the time of their marriage, the government provides maximum interest rates on savings accounts under this scheme, the rules for citizens to participate in this scheme have been made very easy by the government because the government aims to ensure that as many citizens as possible take advantage of this scheme.
Sukanya Samriddhi Yojana: A decade of trust, savings, and limitless possibilities—empowering India’s daughters for a brighter tomorrow!
— India Post (@IndiaPostOffice) January 22, 2025
Join India Post in celebrating 10 years of nurturing dreams with incredible benefits:#SukanyaSamriddhiYojana #IndiaPost #10YearsOfSSY pic.twitter.com/Cqdp6od6fL
For this purpose, the Sukanya Samriddhi Yojana account can be opened by the parents of the girl in her name from the time of her birth until she is ten years old. The Sukanya Samriddhi account can be opened at any post office or authorized bank branch, the aim of the central government is to make this Sukanya Samriddhi Yojana a great savings scheme for girls' education, girls' health and girls' marriage and her bright future.
Benefits of Sukanya Samriddhi Yojana
The Sukanya Samriddhi Yojana offers a range of benefits that make it an attractive investment for securing a girl child’s future. Here are the key advantages:
- High Interest Rate: At 8.2% per annum for 2025, SSY provides one of the highest interest rates among small savings schemes in India. The annual compounding ensures significant growth over the 21-year tenure.
- Tax Benefits (EEE Status): SSY falls under the Exempt-Exempt-Exempt (EEE) category, offering triple tax benefits:Principal Investment: Contributions up to ₹1.5 lakh per financial year are eligible for tax deductions under Section 80C of the Income Tax Act, 1961.
- Interest Earned: The interest accrued annually is tax-free under Section 10 of the Income Tax Act.
- Maturity Amount: The final amount withdrawn upon maturity is also exempt from income tax.
- Guaranteed Returns: As a government-backed scheme, SSY ensures the safety of the investment with assured returns, making it a low-risk option compared to market-linked instruments.
- Flexible Contributions: The scheme allows a minimum deposit of ₹250 per year and a maximum of ₹1.5 lakh, enabling families from diverse financial backgrounds to participate. Deposits can be made in cash, cheque, demand draft, or online transfer.
- Long-Term Growth: The 21-year tenure, with mandatory contributions for the first 15 years, allows for substantial wealth accumulation through compound interest, ideal for funding major life events like education or marriage.
- Partial Withdrawal: After the girl child reaches 18 years of age, up to 50% of the account balance (as of the end of the previous financial year) can be withdrawn for higher education or marriage expenses.
- Transferability: The SSY account can be transferred anywhere in India, from a post office to a bank or vice versa, free of cost if due to a change in residence, or for a nominal fee otherwise.
- Affordability: The low minimum deposit requirement of ₹250 per year ensures accessibility for families across economic strata, promoting financial inclusion.
Eligibility Criteria of SSY
To open a Sukanya Samriddhi Yojana account, the following eligibility criteria must be met:
- Beneficiary: The account can be opened only for a girl child who is a resident of India. The account must remain in her name until maturity or closure.
- Age Limit: The girl child must be below 10 years of age at the time of account opening. A grace period of one year is allowed in exceptional cases.
- Account Holder: The account can be opened by the biological parents or legal guardian of the girl child.
- Number of Accounts: A family can open a maximum of two SSY accounts for two girl children. However, in the case of twins or triplets, up to three accounts are permitted, provided an affidavit and birth certificates are submitted.
- Residency: The girl child must be an Indian citizen and resident at the time of account opening and throughout the tenure. Non-resident Indians (NRIs) are not eligible.
- Single Account per Child: Only one SSY account is allowed per girl child.
Required Documents
- Birth certificate of the girl child.
- Identity proof of the parent/guardian (e.g., Aadhaar card, PAN card, voter ID, passport).
- Address proof of the parent/guardian.
- KYC documents (e.g., PAN card, voter ID).
- Medical certificate (in case of twins/triplets).
How to Apply for Sukanya Samriddhi Yojana
Opening an SSY account is a straightforward process, available both offline and online through authorized banks and post offices. Below are the steps to apply:
Offline Application
- Visit a Bank or Post Office: Approach an authorized commercial bank (such as State Bank of India, Bank of Baroda, ICICI Bank, HDFC Bank, etc.) or an India Post branch that offers the SSY scheme.
- Obtain the Application Form: Request the SSY account opening form from the bank or post office. Alternatively, download it from the official website of the bank or India Post.
- Fill Out the Form: Provide details such as the girl child’s name, date of birth, parent/guardian’s details, and KYC information.
- Documents: Submit Required Documents
- Make the Initial Deposit: Deposit a minimum of ₹250 (in cash, cheque, demand draft, or online transfer). Subsequent deposits must be in multiples of ₹50, up to a maximum of ₹1.5 lakh per financial year.
- Account Activation: Once the documents are verified and the initial deposit is processed, the SSY account will be activated, and a passbook will be issued.
Online Application
Some banks and the India Post Payments Bank (IPPB) offer the facility to open an SSY account online. Here’s how:
- Download the IPPB App: Install the India Post Payments Bank app from your smartphone’s app store.
- Register and Link Bank Account: Sign up on the app and link your existing bank account.
- Select SSY Scheme: Choose Sukanya Samriddhi Yojana from the list of services.
- Enter Details: Provide the required details of the girl child and parent/guardian.
- Make Initial Deposit: Transfer the minimum deposit of ₹250 via online payment.
- Account Activation: Upon successful verification, the account will be activated, and an acknowledgment will be sent.
Additional Notes
- Deposits can be made for the first 15 years from the date of account opening. After this, the account continues to earn interest until maturity at 21 years.
- If the minimum deposit of ₹250 is not made in a financial year, the account becomes inactive but can be revived by paying a penalty of ₹50 per year of default along with the minimum deposit.
- Standing instructions can be set up through internet banking for automatic deposits into the SSY account.
Premature Withdrawal and Closure
- Partial Withdrawal: Up to 50% of the account balance can be withdrawn after the girl child turns 18 for higher education or marriage purposes. Required documents include the withdrawal application form and proof of admission or marriage.
- Premature Closure: The account can be closed prematurely in cases of the girl child’s death, extreme compassionate grounds (e.g., life-threatening medical conditions), or if directed by the Central Government. Proper documentation and approval are required.
- Maturity: The account matures after 21 years or upon the girl child’s marriage after age 18. The entire amount, including interest, can be withdrawn tax-free.
Why Choose Sukanya Samriddhi Yojana in 2025?
The Sukanya Samriddhi Yojana stands out as a reliable, tax-efficient, and high-return investment option for parents planning their daughter’s future. Its government backing ensures safety, while the 8.2% interest rate and EEE tax benefits maximize returns. The scheme’s flexibility in deposits and long tenure make it accessible and effective for building a substantial corpus. By investing early, parents can leverage the power of compounding to secure their daughter’s financial independence.
Conclusion
The Sukanya Samriddhi Yojana is more than just a savings scheme—it’s a commitment to empowering the girl child through financial security. With its competitive interest rate of 8.2% for 2025, triple tax benefits, and flexible investment options, SSY is an ideal choice for parents and guardians. By opening an SSY account at a bank or post office, families can take a proactive step toward ensuring their daughters’ dreams of education and a bright future are realized. For the latest updates or modifications to the scheme, visit www.nsiindia.gov.in or contact your nearest authorized bank or post office.
| Official Website | Click Here |
| Sarkari Yojana | Click Here |
| Central Government Scheme | Click Here |
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Sukanya Samriddhi Yojana 2025 FAQs
Q. What is the interest rate for Sukanya Samriddhi Yojana in 2025?
The interest rate for SSY in the second quarter of FY 2025-26 (July–September 2025) is 8.2% per annum, compounded annually. It is reviewed quarterly by the Government of India.
Q. Who is eligible to open an SSY account?
A resident Indian girl child below 10 years of age is eligible. The account can be opened by her biological parents or legal guardian. A maximum of two accounts per family (three in case of twins/triplets) is allowed.
Q. What are the tax benefits of SSY?
SSY offers EEE (Exempt-Exempt-Exempt) tax benefits: contributions up to ₹1.5 lakh per year are deductible under Section 80C, interest earned is tax-free, and the maturity amount is exempt from tax.
Q. What is the minimum and maximum deposit amount?
The minimum annual deposit is ₹250, and the maximum is ₹1.5 lakh per financial year, in multiples of ₹50.
Q. How long do I need to deposit money in an SSY account?
Deposits are mandatory for the first 15 years from the date of account opening. The account matures after 21 years or upon the girl child’s marriage after age 18.
Q. Can I withdraw money from the SSY account before maturity?
Yes, up to 50% of the account balance (as of the end of the previous financial year) can be withdrawn after the girl child turns 18 for higher education or marriage expenses.
Q. Where can I open an SSY account?
SSY accounts can be opened at authorized commercial banks (e.g., SBI, ICICI, HDFC) or India Post branches. Online applications are available through the India Post Payments Bank (IPPB) app or select bank portals.
Q. What documents are required to open an SSY account?
Required documents include the girl child’s birth certificate, identity and address proof of the parent/guardian (e.g., Aadhaar, PAN, voter ID), and KYC documents. For twins/triplets, a medical certificate is needed.
Q. What happens if I miss the minimum deposit in a year?
If the minimum deposit of ₹250 is not made in a financial year, the account becomes inactive. It can be revived by paying a ₹50 penalty per year of default along with the minimum deposit.
Q. Can the SSY account be transferred?
Yes, the account can be transferred anywhere in India (bank to post office or vice versa) free of cost if due to a change in residence, or for a nominal fee otherwise.