SSY Interest Rate 2026: How Sukanya Samriddhi Yojana Helps Secure Your Daughter’s Future?

Launched under the government's Beti Bachao, Beti Padhao campaign, Sukanya Samriddhi Yojana (SSY) is a welfare savings scheme designed to secure the financial future of girl children aged 10 years or below. The scheme helps parents or guardians build a dedicated fund to support their daughter's higher education, marriage, and other future expenses.

Sukanya Samriddhi Yojana Interest Rate FY 2026-27

For Q1 of FY 2026-27 (April to June), the Sukanya Samriddhi Yojana offers an interest rate of 8.2% per annum, compounded annually. Compared with many fixed deposits and other government-backed savings schemes, SSY offers higher returns, making it an attractive option for conservative investors.

Interest on the SSY account is calculated on the lowest balance maintained during each calendar month and is credited to the account at the end of every financial year.

Benefits Of Sukanya Samriddhi Yojana

Significant Tax Savings - Investments made under the scheme qualify for tax deductions of up to Rs 1.5 lakh per year under Section 80C of the Income Tax Act, 1961. In addition, the interest earned and the maturity proceeds are also tax-free, offering complete tax benefits.

Guaranteed Maturity Benefits - On maturity, the accumulated corpus, including interest earned, is paid directly to the girl child or the account holder. This helps promote financial independence and provides long-term financial security for the daughter.

Attractive Interest Rates - The Sukanya Samriddhi account offers one of the highest interest rates among small savings schemes meant for children. Since the interest compounds annually, investments can grow significantly over the long term.

Sukanya Samriddhi Yojana Scheme Details

•Minimum deposit: Rs 250 per year
•Deposit multiples: Deposits can be made in multiples of Rs 50
•Maximum deposit: Rs 1,50,000 per financial year

Eligibility

If the girl child is below 10 years of age, the account is operated by her parents or legal guardians. Once she turns 18, she can take control of the account herself.

Documents Required

The following documents are generally required to open an SSY account:
•Birth certificate of the girl child
•PAN card or Aadhaar card of the parent/guardian
•SSY account opening form
•Medical certificate (if applicable)
•Form SSA-1
•Any additional documents requested by the bank or post office

How To Calculate Interest On Sukanya Samriddhi Yojana ?

To estimate the maturity amount, you need to calculate the compound interest earned on your investments. The formula used is:
I = P(1+R/100) ^N
Where:
•I = Interest earned
•P = Principal amount invested
•R = Rate of return
•N = Number of years

Since SSY interest is compounded annually, manually calculating returns over a long period can be complex. To simplify this process, you can use an online Sukanya Samriddhi Yojana calculator.

In the calculator, you simply need to enter:
•Your annual investment amount
•The current applicable interest rate
The maturity period is fixed at 21 years.