The Sukanya Samriddhi Yojana (SSY) is one of the most popular savings schemes launched by the Government of India for the welfare of girl children. Introduced under the “Beti Bachao, Beti Padhao” initiative, this scheme aims to secure the future of daughters by encouraging parents to save for their education and marriage. In 2026, parents and guardians can continue to open new Sukanya Samriddhi accounts and enjoy attractive benefits.
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana is a government-backed small savings scheme designed exclusively for girl children. Under this scheme, parents or legal guardians can open an account in the name of their daughter and deposit money regularly. The deposited amount earns a high rate of interest and provides tax-free returns, making it one of the safest and most rewarding investment options.
Interest Rate in 2026
As per recent government announcements, the interest rate for Sukanya Samriddhi Yojana in 2026 is around 8% to 8.2% per annum. The interest rate is revised quarterly by the central government. Compared to other savings schemes, SSY offers higher returns with complete security.
Eligibility Criteria
- Only two girl children per family are eligible
- The girl child must be an Indian citizen
- The account can be opened by parents or legal guardians
Investment Amount
- Minimum deposit: ₹250 per year
- Maximum deposit: ₹1,50,000 per year
- The total maturity period of the account is 21 years
Even small yearly deposits can grow into a large amount over time due to compound interest.
Tax Benefits
Sukanya Samriddhi Yojana provides triple tax benefits (EEE status):
- Interest earned is completely tax-free
- Maturity amount is also tax-free
This makes SSY an ideal long-term tax-saving investment.
Withdrawal Rules
- Partial withdrawal of up to 50% of the balance is allowed after the girl child turns 18 years, mainly for higher education
- The full amount can be withdrawn after 21 years or at the time of marriage (after age 18)
Required Documents
To apply for Sukanya Samriddhi Yojana in 2026, the following documents are needed:
- Birth certificate of the girl child
- Aadhaar card of parent/guardian
- Address proof
- Passport-size photographs
- SSY application form
How to Apply for Sukanya Samriddhi Yojana 2026?
- Visit the nearest Post Office or authorized bank
- Collect and fill out the Sukanya Samriddhi Yojana application form
- Submit the required documents along with the form
- Deposit the initial amount
- After verification, the account will be opened and a passbook will be issued
Some banks also offer online account management facilities.
Key Benefits of Sukanya Samriddhi Yojana
- Secure future for girl children
- High interest rate compared to other savings schemes
- Guaranteed returns backed by the Government of India
- Complete tax exemption
- Flexible investment options
Conclusion
The Sukanya Samriddhi Yojana 2026 is an excellent financial planning tool for parents who want to ensure a bright and secure future for their daughters. With high interest rates, tax-free returns, and government backing, this scheme stands out as one of the best long-term savings options in India. Opening a Sukanya Samriddhi account today can help build a strong financial foundation for your child tomorrow.
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