Sukanya Samriddhi Yojana: savings scheme for your daughter
Last updated: 1 July 2026
SSY is a government-backed savings scheme for a girl child, opened by a parent/guardian. It offers attractive interest and tax benefits. Interest rates change from time to time — always confirm the current rate and rules on the official source.
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Key features
- Opened for a girl child (up to age 10) by a parent or guardian.
- Deposits allowed each year up to the notified maximum; a small minimum keeps it active.
- Earns government-notified interest, compounded yearly, with maturity after a fixed term.
- Qualifies for tax benefit under the relevant section (check current rules).
How to open an account
- Visit a post office or an authorised bank branch.
- Fill the SSY form with the girl child's birth certificate and the guardian's ID/address proof.
- Make the opening deposit.
- Collect the passbook and deposit regularly to keep it active.
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Ask Saathi: “Explain Sukanya Samriddhi Yojana and how to open the account”Frequently asked questions
Where can I open a Sukanya Samriddhi account?
At any post office or authorised bank branch, with the girl child's birth certificate and the guardian's KYC. Confirm current rules at nsiindia.gov.in.
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