Sukanya Samriddhi Yojana 2025 Online Apply, Eligibility, Benefits, Interest Rate, Calculator

To secure the future of a girl child by supporting her education and marriage expenses, the Government of India has launched a backed small savings scheme known as Sukanya Samriddhi Yojana 2025 in the country. Under this scheme, the government offers an attractive interest rate compounded annually. By offering this scheme government aims to eliminate gender disparity by empowering parents to invest in the future of their daughters. If you are a resident and a father of a daughter and are interested in opening a Sukanya Samriddhi Yojana Account by learning all about this scheme, keep connected with this article for complete details, including eligibility, interest rate, tax benefits, deposit limit, and more.

What is the Sukanya Samriddhi Yojana (SSY) 2025

The “Sukanya Samriddhi Yojana (SSY)” is a part of the ‘Beti Bachao Beti Padhao Campaign’ started on January 22, 2015, by the Honorable Prime Minister Shri Narendra Modi to provide an attractive interest rate to a girl child. Under this scheme, the government provides tax deductions of up to rupees 1.5 Lakh per year under section 80C of the Income Tax Act. Through the help of this scheme, a parent or legal guardian can open an SSY account in the name of a girl child before she turns 10 years old.

Under this, the account matures after 21 years from the date of opening and upon the girl’s marriage after she turns 18. However, contributions have to be made for the first 15 years only thereafter, the SSY account will continue to earn interest until maturity. By offering this scheme government aims to promote the welfare of the girl child by supporting her in completing higher education and marriage expenses, insurance long-term financial security.

Sukanya Samriddhi Yojana 2025

Key Highlights of Sukanya Samriddhi Yojana 2025

Name of Scholarship	Sukanya Samriddhi Yojana (SSY) 2025.
First Launched in	22 January, 2015.
Launched by	Honorable Prime Minister Shri Narendra Modi.
Governing body	Government of India
Year	2025-26.
Objective	To provide long-term financial security to a girl child by encouraging them to open an account in her name of daughter before she turns 10 years old.
Tax Benefits	The government provides tax deductions of up to rupees 1.5 Lakh per year under section 80C of the Income Tax Act.
Interest Rate	8.2% per annum.
Maturity Period	Under this, the account matures after 21 years from the date of opening and upon the girl’s marriage after she turns 18.
Deposit Mode	Through cash, check, demand draft, or online transfer mode.
Target Beneficiaries	Girl Child.
Mode of Application	Online
Official website	www.nsiindia.gov.in/

Objective of SSY

The main objective of Sukanya Samriddhi is to provide long-term financial security to a girl child by encouraging them to open an account in her name of daughter before she turns 10 years old. Under this scheme government offers an attractive interest rate compounded annually. By offering this scheme government aims to eliminate gender disparity by empowering parents to invest in the future of their daughters.

Eligibility Criteria

To be eligible for, applicant needs to meet the following eligibility criteria’s these are as follows:-

Applicant must be a permanent resident of India.
Applicant must be a girl child.
Only parents or legal guardians of a girl child can open an SSY account.
A girl child can avail only one SSY account.
An account can be opened till the girl child attains the age of 10 years.
Only two accounts can be opened by a family, i.e., one for each girl child
It can be opened for more than two girls who are part of a family that has a girl child born in twins/triplets in the first or second birth in a family however, if the order of the first birth results in two or more girl children then no other girl can avail the benefit of SSY in the second birth.
Sukanya Samriddhi Yojana (SSY) Accounts can be opened at any post office or authorized commercial bank.

List of Designated Banks

Here is a list of designated banks, and these are as listed below:-

State Bank of India	Indian Overseas Bank
Punjab and Sind Bank	Punjab National Bank
Bank of India	Oriented Bank of Commerce
Central Bank of India	Axis Bank
UCO Bank	Andhra Bank
Syndicate Bank	Canara Bank
United Bank of India	Corporation Bank
Allahabad Bank	Dena Bank
Bank of Baroda	Union Bank of India
Bank of Maharashtra	IDBI Bank
HDFC Bank	ICICI Bank

Benefits of the Sukanya Samriddhi Scheme

Tax Benefits:- Under this scheme, the government provides tax deductions of up to rupees 1.5 Lakh per year under section 80C of the Income Tax Act
Interest Rates:- Under this scheme government offers a competitive interest rate of 8.2% per annum.
Target Girl Child:- Only parents of a girl child are eligible to open an account until she reaches the age of 10 years.
Maturity Period:- The SSY account matures in 21 years from the date of opening or upon the girl’s marriage after she turns 18.
Deposit Limit:- The minimum deposit amount for the SSY account is Rs 250, and the maximum deposit is Rs. 1.5 lakh in every financial year, respectively.
Account Opening Criteria:- Only two SSY accounts can be opened by a family, i.e., one for each girl child.
Long Term Financial Security:- By offering this scheme government aims to promote the welfare of the girl child by supporting her in completing higher education and marriage expenses and providing long-term financial security.
Premature Closure:- under this, premature closure is allowed for serious illness, guardian’s death non resident status, or marriage after turning 18 years.

Interest Rates

Under the rate of interest for the second quarter of FY 2025 26, i.e., 1 July 2025 to 23rd September 2025, is 8.2% per annum.
Under this is the interest for the calendar month if calculated by the minimum amount between the last day of the ending month and the close of the 5th day.
Interest earned on the SSY account is tax-free.
Here is a historical trend of interest rates (%) under the Sukanya Samriddhi Yojana.

PERIOD	RATE OF INTEREST (%)
03.12.2014 TO 31.03.2015	9.1
01.04.2015 TO 31.03.2016	9.2
01.04.2016 TO 30.09.2016	8.6
01.10.2016 TO 31.03.2017	8.5
01.04.2017 TO 30.06.2017	8.4
01.07.2017 TO 31.12.2017	8.3
01.01.2018 TO 30.09.2018	8.1
01.10.2018 TO 30.06.2019	8.5
01.07.2019 TO 31.03.2020	8.4
01.04.2020 TO 31.03.2023	7.6
01.04.2023 TO 31.12.2023	8.0
01.01.2024 TO 30.09.2025	8.2

Calculation Formula for SSY Interest Rate

The interest for the Sukanya Samriddhi Yojana account is calculated based on the lowest balance for the calendar month, i.e., between the 5th day of the month and the end of the month, and the interest will be credited at the end of each financial year
Usually, you can use the following formula to calculate the interest on an SSY account
A=P(1+r/n)^nt

Here:-

P Initial Deposit
r = Rate of Interest
n = Number of years the internet compounds
t = Number of years
A = Amount at maturity

Minimum and Maximum Deposit Limit

The minimum deposit amount for an SSY account is Rs 250, and the maximum deposit amount is Rs 1.5 Lakh in every financial year.
Under this, deposits should be made in multiples of Rs. 50 and have to be made up to 15 years.
All deposits can be made through cash, check, demand draft, or online transfer mode.
Under this, parents can deposit the amount and operate the account till the daughter attains the age of 18 years.

What is the Maturity Period?

Under this, the account matures after 21 years from the date of opening and upon the girl’s marriage after she turns 18. However, contributions have to be made for the first 15 years only; thereafter, the SSY account will continue to earn interest until maturity.
Interest and principal will be paid to the child on submission of an application and proof of resident identity, citizenship, and documents.

Required Documents

Aadhar Card
Resident Proof
Address Proof
Bank Details
Medical Certificate
Income Certificate
Passport-Sized Photograph
Phone Number

Withdrawal Rules

Here is a list of withdrawal rules:-

The applicant can withdraw 50% of the account balance as of the previous financial year’s end.
Under this scheme, withdrawal can be made only when the girl has attained 18 years of age or on passing the 10th standard.
Withdrawal can be made only for educational expenses and marriage expenses of a daughter.
The amount of withdrawal can be made in a lump sum or 5 equal installments.
The amount of withdrawal shall not exceed the fees payable for admission to the higher education institute.

How to Open a Sukanya Samriddhi Yojana Account in a Post Office?

To open an SSY account applicant needs to follow these steps:-

First of all, the applicants who wish to open an SSY account need to visit the bank or post office branch, as per their choice or convenience, where they are interested in opening the account.
After reaching applicant needs to ask for the application form from the bank officers.
After that applicant needs to fill up the application form with the necessary details and attach all the important documents to the form.
Now the applicant needs to pay the first deposit in the form of a cash check or demand draft. There is no fixed amount required applicant can deposit anything starting from Rs 250 up to Rs 1.5 lakh.
After that, the bank or post office will process your application and payment to create an account.
Once the processing is over successfully, your account will be opened a passbook will be issued for this account, highlighting the initiation of the account.

Also Read:- PM Jeevan Jyoti Bima Yojana

Sukanya Samriddhi Yojana Online Payment

First of all, the applicant needs to download the IPPB app on their smartphone to make online payments towards their SSY account.
Once the app is downloaded successfully applicant needs to transfer money from their bank account to the IPPB account.
Now the applicant needs to go to the DOP Products/ Services tab and select the Sukanya Samriddhi Yojana Account on the IPPB app.
After that applicant needs to enter their SSN account number along with the consumer ID in the given space.
Now the applicant needs to choose the amount that they would like to pay and the installment duration.
At last, IPPB will notify you of the success of setting up the payment routine. Each time the app makes a money transfer, the user will be notified of the same.

Also Read:- PM Suraksha Bima Yojana

Important Downloads

Contact Details

Public Complaint and Grievance Cell:- 011 23210897
Office Address:- Office of the Director,
National Savings Institute
Ministry of Finance (DEA) Govt. of India
1st Floor, Indian Council For Child Welfare.
4, Deen Dayal Upadhayaya Marg, New Delhi-110002.

FAQs

Who has launched the Sukanya Samriddhi Yojana 2025?

SSY is a part of the Beti Bachao Beti Padhao Campaign started on January 22, 2015, by the Honorable Prime Minister Shri Narendra Modi to provide an attractive interest rate to a girl child.

Is there any gender-related criteria for the Scheme?

Yes, gender related criteria are available under SSY., account can only be opened in the name of a girl child.

What benefits are provided to deserving candidates under the Sukanya Samriddhi Yojana (SSY)?

Under this scheme government offers a competitive interest rate of 8.2% per annum.