Girl Child · Long-Term Savings · India
Sukanya Samriddhi Account (SSA)
A Government of India-backed savings scheme designed to help build a long-term financial corpus for a girl child's future.
Govt-Backed
Part of India's small savings framework.
Tax Benefits
Eligible benefits under applicable tax laws.
21 Years
Long-term maturity with annual compounding.
Education
Partial withdrawal for higher education.
Girl Child
Designed specifically for her future.
Overview
What is Sukanya Samriddhi Account?
Sukanya Samriddhi Account (SSA) is a Government of India-backed savings scheme for the financial future of an eligible girl child. It helps families build long-term savings for goals such as higher education and future financial needs.
Eligibility
Who Can Open an SSA?
- Natural or legal guardian can open the account
- Girl child should generally be below 10 years
- Only one account can be opened per girl child
- Guardian can generally open accounts for two girl children
- Special rules may apply for twins or triplets
KYC
Documents Required
- Girl child's birth certificate
- Identity proof of parent or legal guardian
- Address proof as per applicable KYC norms
- PAN card or Form 60, where applicable
- Photographs and SSA account opening form
Investment Rules
Interest & Deposit Rules
Current interest rate
The rate is 8.2% p.a. for July–September 2026. Interest is compounded annually and rates may change in future quarters.
Deposit limits
Deposit a minimum of ₹250 and up to ₹1.5 lakh in a financial year. Deposits are required for the first 15 years.
Key Benefits
Why Consider Sukanya Samriddhi?
- Government-backed long-term savings scheme
- Attractive interest rate with annual compounding
- Eligible tax benefits under applicable income-tax provisions
- Partial withdrawal may be allowed for higher education
- Long-term maturity structure helps build a future corpus
Withdrawal
Higher Education & Premature Closure
Higher Education
Up to 50% withdrawal
Permitted subject to applicable age, education and documentary requirements.
Maturity
After 21 years
The account generally matures 21 years from the date of opening.
Where to Open
Post Offices & Authorized Banks
An SSA can generally be opened through designated Post Offices and authorized banks offering the scheme.
India Post Savings Schemes →Things to Know
Before You Invest
- Long-term scheme with maturity after 21 years from opening
- Deposits are required only for the first 15 years
- Interest rates are reviewed periodically by the Government
- Partial withdrawal is permitted only under specified conditions
- Premature closure is allowed only in permitted circumstances
- Tax treatment depends on applicable income-tax provisions
Is Sukanya Samriddhi right for your goal?
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