Sukanya Samriddhi Yojana Interest Rate 2026

What is the Sukanya Samriddhi Yojana (SSY)? 

The Sukanya Samriddhi Yojana (SSY) is a small savings scheme that lets parents or guardians open a tax-free account for their girl child under 10 years old. It was launched in 2015 under the 'Beti Bachao Beti Padhao' initiative to encourage disciplined savings from an early age and ensure long-term financial security.

The Sukanya Samriddhi Yojana Account (SSA) can be opened in the name of a girl child below 10 years. The account is operated by her parents or legal guardian until she turns 18. After that, the girl can operate the SSA account herself.

Importance of the Sukanya Samriddhi Yojana

This best investment plan for girl child offers the following key features to the investors:

• It has a high interest rate of 8.2% p.a., which is reviewed quarterly.
• It offers triple tax benefits, where our deposits save tax under Section 80C, the interest is tax-free, and the final payout is tax-free too.
• This small savings scheme is government-backed, where your money is guaranteed and risk-free.

Sukanya Samriddhi Yojana Interest Rates for 2026

• For January to March 2026 (Q4 of 2025-26), it is 8.2% per year.
• The Sukanya Samriddhi Yojana interest rates get revised quarterly. 
• The SSA interest is added at the end of each year.
• This rate has held steady since early 2024, making it reliable even when other rates drop.

Let us look at the historical trend of Sukanya Samriddhi interest rates.

Formula to Calculate the Interest Earned on SSY

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What are the Benefits of Sukanya Samriddhi Interest Rates?

Listed below are the features of the SSA interest rates:

• High Returns: The steady 8.2% SSY interest rate for 2026 delivers better returns than PPF and most bank fixed deposits, even during changing interest rate cycles.
• Power of Compounding: Annual compounding on regular deposits helps small yearly investments grow into a sizable corpus over the 21-year tenure.
• Tax-Free Growth (EEE): Investments qualify under Section 80C, while interest earned and maturity proceeds remain completely tax-free.
• Beats Inflation: SSY consistently outperforms regular savings, helping protect long-term goals like education and marriage from rising costs.
• Risk-Free: Backed by the Government of India, SSY guarantees capital safety with quarterly rate reviews for competitiveness.

Key Highlights of the Sukanya Samriddhi Yojana Scheme

The table below lists the key criteria to get the benefit of the Sukanya interest rate in 2026:

Investment

Secure

Secure your child’s future with or without you

Start Investing

₹10,000/Month

& Get

₹1 Crore^*

VIEW PLANS

*Standard T & C Apply

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Eligibility Criteria to Open the SSA Account

The following two key conditions must be met to open the Sukanya Samriddhi Account (SSA):

• Girl child must be below 10 years at account opening
• Account opened by parent or legal guardian

Residency & Citizenship Conditions

• The girl child must be a resident Indian at the time of account opening.
• If the account holder becomes a non-resident or non-citizen, interest stops accruing from that date.
• The account must be closed if residency conditions are no longer met.

What are the Documents Required to Open an SSY Account?

The following documents must be prepared to open an SSY account:

• SSY Account Opening Form
• Birth Certificate of the girl child
• KYC Documents (Identity & Address Proof) of the parent/guardian
• Photograph of the girl child
• Photograph of the parent/legal guardian of the girl child

How to Open the Sukanya Samriddhi Account?

To open a Sukanya Samriddhi Yojana Interest Rate Account (SSY), you can visit any post office or bank branch that offers the scheme. You will need to fill out an application form and provide the following documents:

• Proof of identity of the guardian (PAN card, Aadhaar card, etc.)
• Proof of address of the guardian (ration card, utility bill, etc.)
• Birth certificate of the girl child
• Photograph of the girl child
• You will also need to make a minimum deposit of Rs. 250.

How to Fill an SSY Account Form for the Post Office?

The SSY account form for the post office can be downloaded from the India Post website. The form must be filled out, and all the details must be complete and accurate.

The following information must be provided in the form:

• Name and address of the guardian
• Date of birth of the guardian
• Contact details of the guardian
• Name and address of the girl child
• Date of birth of the girl child
• Occupation of the guardian
• Annual income of the guardian
• Branch of the post office where the account is to be opened
• Nominee details

How to Pay for an SSY Account Online?

You can pay for the Sukanya Samriddhi Yojana interest rate account online using the National Electronic Fund Transfer (NEFT) or RTGS. To do this, you will need to know the following details:

• Account number of the SSY account
• IFSC code of the post office or bank branch where the account is held

Once you have these details, you can log in to your net banking account and initiate a NEFT or RTGS transfer.

What are the Details that are Recorded in the Passbook?

The following details are recorded in the SSY passbook:

• Name of the account holder
• Date of birth of the account holder
• Name of the guardian
• Date of birth of the guardian
• Account number
• IFSC code
• Date of account opening
• Minimum deposit amount
• Annual interest rate
• Balance in the account

How to Open a Sukanya Samriddhi Yojana Account Through Banks?

To open a Sukanya Samriddhi Yojana interest rate account through a bank, you can visit any bank branch that offers the scheme. You will need to fill out an application form and provide the same documents as required for opening an account at the post office.

How to Transfer the Sukanya Samriddhi Yojana Account from the Post Office to the Bank?

To transfer your Sukanya Samriddhi account from the post office to a bank, you will need to fill out a transfer form and submit it to the post office branch where your account is held. You will also need to provide the following documents:

• SSY Transfer Request Form
• Passbook of the SSY account
• ID proof of the guardian
• Cancelled cheque of the bank account where the account is to be transferred

Once the transfer is complete, you will receive a new passbook for your SSY account from the bank.

What are the Sukanya Samriddhi Yojana Account Closure Rules?

1. Closure on maturity:

   • Account matures after 21 years from the date of opening
   • Entire balance, including interest, is paid to the account holder
   • Account holders must submit: Withdrawal application, Identity proof, and SSY passbook.

2. Premature closure:

   Death of the Account Holder: 

   • Account can be closed immediately
   • Balance is paid to the guardian or nominee
   • Interest is paid up to the month of closure

   Death of the Guardian

   • Account may be closed or transferred to a new guardian
   • Interest continues till closure

   Life-Threatening Illness

   • Medical certificate from a competent authority required
   • Closure allowed after 5 years from account opening

   Marriage of the Girl Child

   • Allowed only after the girl child turns 18
   • Application must be submitted at least one month before marriage

Which Banks Offer Sukanya Samriddhi Account Facility?

The list of banks where you can open your account for the Sukanya Samriddhi Scheme are listed below:

• Punjab National Bank (PNB)
• State Bank of India (SBI)
• Union Bank of India (UBI)
• Bank of India (BoI)
• Bank of Baroda (BoB)
• Central Bank of India (CBI)
• Bank of Maharashtra
• Indian Overseas Bank
• Punjab and Sind Bank
• Canara Bank
• Indian Bank
• UCO Bank
• IDBI Bank
• ICICI Bank
• Axis Bank
• HDFC Bank

Wrapping It Up!

Sukanya Samriddhi Yojana (SSY) continues to be one of the best savings options for a girl child in India. With the 8.2% interest rate in 2026, tax-free growth, and government backing, SSY gives you strong, safe returns over the long term. It helps parents build a solid fund for education or marriage while benefiting from full tax exemptions.