Tenure: 21-YEARS

Rate of Interest: @7.60% p.a.

type  OF INTEREST :   Floating rate during the tenure


Rs. 250 in a financial year

Maximum Amount Limit

Rs. 1,50,000/- lakh in a financial year

Who can Invest

A Guardian can open upto two accounts in the name of two different Girl Children. Account can be opened up to age of 10 years only from the date of birth.

Sukanya Samriddhi Yojana (SSY) Scheme

A scheme for a girl child should be opted for everyone who is blessed to have daughter. The child should be below10 when such scheme can be taken in the name of the child with the guardian. The scheme matures on attainment of 21 years and maximum of Rs. 1,50,000/ can be invested every year. Interest rate is tax free and is on floating basis which is announced by the MOF on annually. The scheme can be taken for two daughters in a family.


  • The account can be opened by a parent or legal guardian of the girl child

  • The girl child must be below the age of 10 year

  • Only one account is allowed for a girl child

  • A family can open only 2 SSY scheme account

  • The account matures after 21 years of opening the account or in the event of the marriage of the girl child after she gains the age of 18 years

  • A premature withdraw up to 50% of investment is allowed after the child gains the age of 18 years even if she is not getting married

  • Interest is floating and is accrued as per prevailing rate of a particular financial year

  • Interest is taxfree

  • The principal amount is deductible under section 80C up to Rs 1.5 lakh

  • Minimum Investment: Rs 1,000 per annum

  • Maximum Investment: Rs 1.5 lakh per annum

Documents Required 

  • 2 photographs

  • along with a self-attested copy of PAN Card and Aadhaar Card

Revised Rates

w.e.f. 30-06-2020