Sukanya Samriddhi Yojana (SSY) Scheme for Girl Child – Complete Guide 2025
The Sukanya Samriddhi Yojana (SSY) is one of India’s most rewarding savings schemes for the girl child, designed to secure her future financially. Launched by the Government of India under the “Beti Bachao, Beti Padhao” initiative, this small savings scheme offers high interest rates, tax benefits, and long-term financial growth for your daughter’s education, marriage, and overall security.
In this detailed post, we’ll cover everything you need to know about the Sukanya Samriddhi Yojana in 2025 — eligibility, interest rate, benefits, how to apply, documents required, and more.
What is Sukanya Samriddhi Yojana (SSY)?
The Sukanya Samriddhi Yojana is a government-backed savings scheme exclusively for the girl child. It helps parents or guardians build a substantial corpus for their daughter’s higher education or marriage expenses through small monthly or annual deposits.
The scheme is managed by the Ministry of Finance, and accounts can be opened in post offices and authorized banks across India.
The main goal of SSY is to:
- Encourage parents to save for their daughter’s future,
- Promote the importance of financial independence for girls, and
- Reduce the financial burden during her marriage or higher studies.
Sukanya Samriddhi Yojana – Key Highlights (2025)
| Feature | Details |
|---|---|
| Scheme Name | Sukanya Samriddhi Yojana (SSY) |
| Launched By | Government of India |
| Launch Year | 2015 |
| Beneficiary | Girl child below 10 years of age |
| Account Type | Small savings deposit scheme |
| Interest Rate (2025) | 8.2% per annum (compounded annually) |
| Minimum Deposit | ₹250 per year |
| Maximum Deposit | ₹1,50,000 per year |
| Tenure | 21 years from account opening |
| Tax Benefits | Available under Section 80C of Income Tax Act |
| Account Can Be Opened At | Post Offices, Public & Private Banks |
Eligibility Criteria for Sukanya Samriddhi Yojana
Before applying for SSY, make sure you meet these eligibility conditions:
- Girl Child Age: The account can be opened only for a girl child below 10 years of age.
- Number of Accounts: A parent or guardian can open up to two accounts — one for each girl child. (A third account is allowed in case of twin or triplet girl births.)
- Nationality: The girl child must be a resident Indian.
Sukanya Samriddhi Yojana Interest Rate 2025
The SSY offers one of the highest interest rates among government savings schemes.
- Current SSY interest rate (Oct–Dec 2025): 8.2% per annum, compounded yearly.
- The interest rate is revised quarterly by the Government of India.
This rate ensures higher returns compared to bank fixed deposits, recurring deposits, or other small savings plans.
Example:
If you invest ₹1,50,000 per year for 14 years, the maturity amount after 21 years will be approximately ₹65–₹70 lakh, depending on the interest rate at the time.
How to Open a Sukanya Samriddhi Account
You can open an SSY account in any post office or authorized bank branch (SBI, HDFC Bank, ICICI Bank, Axis Bank, etc.).
Steps to Open the Account:
- Visit your nearest post office or bank branch that offers SSY services.
- Fill out the Sukanya Samriddhi Yojana account opening form (available online or offline).
- Attach the required documents:
- Birth certificate of the girl child
- Identity proof (Aadhaar card, PAN, etc.) of the guardian
- Address proof (utility bill, ration card, etc.)
- Passport-size photos of the guardian and girl child
- Deposit the initial amount (minimum ₹250).
- Get the passbook, which contains the account number and transaction details.
You can also make future deposits through:
- Cash
- Cheque
- Demand Draft
- Online banking (for banks offering digital SSY services)
Sukanya Samriddhi Yojana Deposit Rules
- Minimum deposit: ₹250 per year
- Maximum deposit: ₹1,50,000 per year
- Deposits must be made for 15 years from the date of account opening.
- After 15 years, no deposits are required, but the account will continue to earn interest till maturity (21 years).
You can choose to deposit monthly or yearly, depending on your convenience.
Tax Benefits of Sukanya Samriddhi Yojana
The SSY offers triple tax exemption (EEE) benefits — one of the most powerful features for investors.
- Investment amount – Eligible for deduction under Section 80C (up to ₹1.5 lakh).
- Interest earned – Fully tax-free, unlike FDs or RDs.
- Maturity amount – Completely exempt from tax.
Thus, SSY provides tax-free growth and maximum savings potential for parents.
Withdrawal Rules
- Partial Withdrawal:
- You can withdraw up to 50% of the balance after the girl turns 18 years old,
- for higher education or other educational expenses.
- You can withdraw up to 50% of the balance after the girl turns 18 years old,
- Premature Closure:
- Allowed only in cases like the death of the account holder,
- or in extreme medical or financial hardship, with valid proof.
- Allowed only in cases like the death of the account holder,
- Maturity:
- The account matures after 21 years from opening,
- or earlier if the girl gets married after turning 18.
- The account matures after 21 years from opening,
Benefits of Sukanya Samriddhi Yojana
1. High Returns
SSY offers one of the highest interest rates among all small savings schemes — ensuring strong long-term growth.
2. Government Backed & Risk-Free
Being a government scheme, it offers zero risk and guaranteed returns.
3. Tax-Free Investment
The EEE tax benefit makes it ideal for tax-saving and wealth-building.
4. Flexible Investment Amount
You can start with as low as ₹250 per year and increase gradually.
5. Financial Security for Your Daughter
It ensures that your daughter’s education and marriage are financially supported, no matter what happens in the future.
Comparison: SSY vs Other Savings Schemes
| Feature | Sukanya Samriddhi Yojana | PPF | Fixed Deposit |
|---|---|---|---|
| Interest Rate | 8.2% | 7.1% | 6–7% |
| Tax Benefit (80C) | Yes | Yes | Yes (limited) |
| Tax on Interest | No | No | Yes |
| Lock-in Period | 21 years | 15 years | Flexible |
| Purpose | Girl Child | Retirement/Savings | Savings |
| Maturity Tax | Exempt | Exempt | Taxable |
As seen above, SSY offers the highest returns and full tax exemption, making it a better option for long-term child planning.
Online Payment & Account Monitoring
Most banks now allow online deposit and account monitoring via:
- Net banking
- Mobile banking apps
- Auto-debit facility for regular payments
This makes it easier for parents to maintain regular contributions without visiting the bank.
Why You Should Invest in Sukanya Samriddhi Yojana in 2025
In today’s time, the cost of education and marriage is increasing rapidly. The Sukanya Samriddhi Yojana not only provides a safe and secure way to save but also ensures long-term wealth creation with tax-free compounding.
Moreover, it promotes financial equality and empowers families to plan responsibly for their daughters’ futures.
By investing in SSY, you are not just saving money — you are securing your daughter’s dreams.
Complete Details
Final Words
The Sukanya Samriddhi Yojana (SSY) is one of the best financial instruments for Indian parents who want to build a secure, tax-free, and high-yielding fund for their girl child’s future.
With benefits like 8.2% interest, tax exemption, and government-backed security, SSY stands out as the smartest investment for your daughter’s brighter tomorrow.