Sukanya Samriddhi Yojana 2026 – Interest Rate, Benefits, Eligibility & How to Apply

 Sukanya Samriddhi Yojana 2026: Complete Guide, Benefits, Interest Rate, Eligibility & How to Apply

Sukanya Samriddhi Yojana (SSY) is one of the most popular and trusted government savings schemes in India, specially designed to secure the future of the girl child. Launched under the Beti Bachao, Beti Padhao initiative, this scheme encourages parents to save for their daughter’s education and marriage. In 2026, Sukanya Samriddhi Yojana continues to be a top choice for long-term, safe, and tax-free investment.

In this blog, we will explain Sukanya Samriddhi Yojana 2026 in detail including interest rate, eligibility, benefits, documents required, how to apply, maturity rules, and FAQs.

What is Sukanya Samriddhi Yojana?

Sukanya Samriddhi Yojana is a government-backed small savings scheme for the girl child. Parents or legal guardians can open an account in the name of their daughter to build a strong financial future. This scheme offers a high interest rate and tax-free returns, making it ideal for long-term goals like higher education and marriage.

Sukanya Samriddhi Yojana Interest Rate 2026

In 2026, the interest rate of Sukanya Samriddhi Yojana is expected to remain around 8% per annum (notified quarterly by the Government of India).

Interest features:

Calculated yearly

Compounded annually

Fully tax-free

This makes SSY one of the best interest-earning savings schemes in India.

Key Features of Sukanya Samriddhi Yojana 2026

Backed by the Government of India

Higher interest than FD and PPF

Tax benefits under Section 80C

Minimum investment required

Long-term secure savings

Partial withdrawal for education

Eligibility Criteria for Sukanya Samriddhi Yojana

To open an SSY account, the following conditions must be fulfilled:

Account must be in the name of a girl child

Girl’s age should be below 10 years

Only Indian residents are eligible

One account per girl child

Maximum two accounts per family

Note: In case of twins or triplets, more than two accounts may be allowed.

Minimum and Maximum Deposit Limit

Minimum deposit: ₹250 per year

Maximum deposit: ₹1.5 lakh per year

Deposits can be made in lump sum or installments for 15 years from account opening.

Sukanya Samriddhi Yojana Maturity Period

Total maturity period: 21 years

Contribution period: 15 years

Interest continues after 15 years till maturity

The entire maturity amount is tax-free and paid to the girl child.

Partial Withdrawal Rules

Partial withdrawal is allowed for education purposes:

After the girl child turns 18 years

Up to 50% of the balance

For higher education or skill courses

Tax Benefits of Sukanya Samriddhi Yojana

SSY comes under EEE (Exempt-Exempt-Exempt) category:

Investment eligible for deduction under Section 80C

Interest earned is tax-free

Maturity amount is tax-free

Documents Required

Girl child’s birth certificate

Aadhaar card of parent/guardian

Address proof

Passport size photographs

How to Open Sukanya Samriddhi Yojana Account in 2026

Offline Method:

Visit nearest post office or bank

Fill SSY account opening form

Submit documents

Deposit initial amount

Online Method:

Some banks allow partial online opening via net banking

Physical verification may still be required

Sukanya Samriddhi Yojana Calculator

An SSY calculator helps estimate maturity value based on:

Annual deposit

Interest rate

Investment duration

Regular investment can create a large tax-free corpus.

Advantages of Sukanya Samriddhi Yojana

Best savings scheme for girl child

Safe and secure

High returns

Encourages disciplined saving

Ideal for education and marriage

Disadvantages of Sukanya Samriddhi Yojana

Long lock-in period

Limited withdrawal options

Only for girl child

FAQs – Sukanya Samriddhi Yojana 2026

Q1. Is Sukanya Samriddhi Yojana safe?

Yes, it is fully backed by the Government of India.

Q2. Can SSY account be opened online?

Yes, partially through selected banks.

Q3. Is SSY better than FD?

Yes, due to higher interest and tax-free returns.

Conclusion

Sukanya Samriddhi Yojana 2026 is a powerful and secure savings scheme for parents who want to protect their daughter’s future. With high interest, tax benefits, and government security, SSY is one of the best investment options for the girl child in India.

Opening an SSY account is a smart and responsible decision for long-term financial planning.

Q1. Who can open Sukanya Samriddhi Yojana account?

Parents or legal guardians of a girl child below 10 years can open the account.

Q2. What is the interest rate of Sukanya Samriddhi Yojana in 2026?

The interest rate is around 8% per annum, decided quarterly by the government.

Q3. Is Sukanya Samriddhi Yojana tax free?

Yes, investment, interest and maturity amount are completely tax free.

Q4. Can SSY account be opened in post office?

Yes, it can be opened in post office and authorized banks.

Q5. Is Sukanya Samriddhi better than FD?

Yes, due to higher interest and tax-free returns, SSY is better than FD.