Sukanya Samriddhi Yojana 2026: Government-Backed Savings with Tax Benefits for Girl Child

Key facts

• Sukanya Samriddhi Yojana (SSY) is a government-backed small savings scheme for girl children.
• The account can be opened for a girl child below 10 years of age by parents or legal guardians.
• Minimum deposit per financial year is ₹250, and maximum deposit is ₹1,50,000.
• The deposit period is 15 years, and the maturity period is 21 years from account opening.
• The scheme offers tax benefits under applicable income tax rules.
• Recent references indicate an interest rate of around 8.2% per annum, subject to periodic review.
• One account is allowed per girl child, typically for up to two girl children per family.
• Partial withdrawals are available under eligible conditions for higher education purposes.
• The account can be opened through authorized banks and post offices across India.
• Required documents include the birth certificate of the girl child and parent or guardian identity proof.