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Currently offering an interest rate of 8.2% per annum, SSY remains among highest-return government-backed savings schemes for girls
Sukanya Samriddhi Yojana turns 11
The Sukanya Samriddhi Yojana (SSY) has emerged as one of India’s most impactful social and financial initiatives for the girl child, symbolising hope, empowerment and long-term security for millions of families across the country.
Launched on January 22, 2015, under the Beti Bachao, Beti Padhao campaign, the scheme was designed not merely as a savings product but as a transformative tool to link financial planning with social progress. Over the past decade, SSY has encouraged families to invest early in their daughters’ education, wellbeing and independence, fostering confidence and inclusion at the grassroots level.
As the scheme completes 11 years on January 22, 2026, its reach reflects growing public trust. More than 4.53 crore SSY accounts have been opened since inception, making it a nationwide movement aimed at strengthening equality and opportunity for the girl child.
Strong returns, secure investment
Currently offering an interest rate of 8.2 per cent per annum, SSY remains among the highest-return government-backed savings schemes dedicated exclusively to girls. The principal and interest are fully guaranteed by the Government of India, making it a low-risk and reliable long-term investment.
Beyond financial returns, the scheme carries strong social significance. It is intended to support education and marriage expenses, while promoting financial security and agency among young women. By advancing education and economic independence, SSY contributes to the broader vision of women-led development and an Atmanirbhar Bharat.
Who can open an SSY account?
An SSY account can be opened by parents or legal guardians for an Indian girl child at any post office or authorised bank branch, including select public and private sector banks.
The account can be opened from the girl’s birth until she turns 10 years old. Only one account is permitted per girl child, with a maximum of two accounts per family, except in cases of twins or triplets. The account is transferable across India and is managed by the guardian until the girl turns 18, after which she can operate it independently.
Documents required
To open an SSY account, the following documents are needed:
- Account opening form
- Birth certificate of the girl child
- Aadhaar number
- PAN or Form 60
Deposits cross ₹3.33 lakh crore
Total deposits under SSY crossed ₹3.33 lakh crore as of December 2025, underlining its growing popularity.
The minimum annual deposit is ₹250, while the maximum is capped at ₹1.5 lakh per financial year. Deposits can be made for up to 15 years from the date of opening.
Interest calculation
Interest is calculated monthly and credited at the end of each financial year, ensuring uninterrupted growth even if the account is transferred between banks or post offices.
Withdrawal for education
Up to 50 per cent of the account balance can be withdrawn for education purposes once the account holder turns 18 or passes Class 10. Withdrawals can be taken as a lump sum or in instalments, subject to documented education expenses.
Maturity and early closure
The account matures after 21 years from the date of opening. Early closure is allowed only in specific cases, such as marriage of the account holder after attaining 18 years or in the event of her death. Premature closure is not permitted within the first five years.
Why SSY stands out
Sukanya Samriddhi Yojana combines high returns, tax benefits and flexible withdrawal options, making it one of the most attractive long-term savings schemes for the girl child. It promotes disciplined saving while ensuring that education and financial independence remain central to a girl’s future.
A scheme that grows with her
Over the years, SSY has evolved into a cornerstone of India’s commitment to women empowerment. The steady rise in adoption reflects growing awareness and trust in the initiative. As India moves toward greater gender equality and inclusion, the Sukanya Samriddhi Yojana continues to play a crucial role in ensuring that every girl has the financial support and confidence to realise her full potential.
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January 21, 2026, 15:34 IST
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