The Sukanya Samriddhi Saving Account 2025 (SSY) is a government-sponsored savings program created to protect Indian girls’ financial future. This plan offers tax benefits under Section 80C of the Income Tax Act along with an alluring 8.2% yearly compound interest rate. It’s important to thoroughly examine the rules and advantages of the plan before making an investment, and you can open an SSY account at approved banks or post offices. The India Post Payments Bank (IPPB) app or the websites of participating banks or post offices offer both online and offline account opening options. This article will provide the entire information about the Sukanya Samriddhi Saving Account Eligibility 2025 and related information.
Sukanya Samriddhi Saving Account 2025
To safeguard Indian girls’ financial future, the government launched the Sukanya Samriddhi Yojana (SSY), a savings program. An enticing 8.2% annual compound interest rate is combined with tax benefits under Section 80C of the Income Tax Act in this scheme. Before investing, it’s crucial to carefully review the plan’s benefits and regulations. You can open an SSY account at the post office or an authorised bank. You can open an account online or offline using the India Post Payments Bank (IPPB) app or the websites of participating banks or post offices. The whole Sukanya Samriddhi Saving Account 2025 information, as well as associated details, is provided in this post.
Sukanya Samriddhi Saving Scheme 2025
| Scheme | Sukanya Samriddhi Saving Scheme 2025 |
| Country | India |
| Year | 2025 |
| Interest Rates | 8.2% |
| Sukanya Samriddhi Saving Account Eligibility 2025 | Refer to the article |
| Category | Yojana |
| Official Website | indiapost.gov.in |
What is SSY, or Sukanya Samriddhi Yojana?
As part of the Beti Bachao, Beti Padhao campaign, the Indian government introduced the Sukanya Samriddhi Yojana (SSY), a small savings program, in 2015. Its purpose is to assist parents in routinely saving money for their daughter’s future education and marriage. The minimum investment required to open the Sukanya Samriddhi Yojana (SSY) is Rs. 250, while the maximum investment allowed per fiscal year is Rs. 1.5 Lakh. Under section 80C of the Income Tax Act, investments made under this plan are eligible for a tax deduction of up to Rs 1.5 lakh.
Sukanya Samriddhi Saving Account Eligibility 2025
To open a Sukanya Samriddhi Yojana (SSY) account, you’ll need to meet the following Sukanya Samriddhi Saving Account Eligibility 2025:
- Girl Child’s Age: The girl child must be below 10 years old.
- Account Holder: The account can be opened by a parent or legal guardian of the girl child.
- Number of Accounts: Only one account is allowed per girl child, and a family can open a maximum of two accounts.
- Exception for Twins/Triplets: If the first birth results in twins or triplets (all girls), more than two accounts can be opened. However, if the first birth is a single girl child and the second birth results in twins or triplets (all girls), a third account cannot be opened.
- Residency: The girl child must be a resident Indian, and Non-Resident Indians (NRIs) are not eligible to open an SSY account.
Sukanya Samriddhi Saving Account Interest Rates 2025
The Sukanya Samriddhi Yojana (SSY) interest rate for the financial year 2025-26 is 8.2% per annum, compounded annually. Here’s a breakdown of the interest rates for different quarters:
– April to June 2025: 8.2%
– July to September 2025: 8.2% (as announced by the Ministry of Finance)
– October to December 2025 and January to March 2025: To be announced
| Year | Apr-Jun | Jul-Sep | Oct-Dec | Jan-Mar |
| 2025-2026 | 8.2% | 8.2% | TBA | TBA |
| 2024-2025 | 8.2% | 8.2% | 8.2% | 8.2% |
| 2023-2024 | 8.0% | 8.0% | 8.0% | 8.2% |
| 2022-2023 | 7.6% | 7.6% | 7.6% | 7.6% |
| 2021-2022 | 7.6% | 7.6% | 7.6% | 7.6% |
| 2020-2021 | 7.6% | 7.6% | 7.6% | 7.6% |
| 2019-2020 | 8.5% | 8.4% | 8.4% | 8.4% |
Benefits of Sukanya Samriddhi Saving Account in 2025
The Sukanya Samriddhi Yojana (SSY) offers numerous benefits, making it a popular savings scheme for parents seeking to secure their daughter’s financial future.
- Higher Interest Rate: SSY provides a competitive interest rate of 8.2% per annum, compounded annually, which is higher than most savings accounts and fixed deposits.
- Tax Benefits: The scheme offers triple tax benefits, including:
- Tax Deduction: Deposits up to ₹1.5 lakh are eligible for deduction under Section 80C of the Income Tax Act.
- Tax-Free Interest: The interest earned is exempt from tax under Section 10 of the Income Tax Act.
- Tax-Free Maturity: The maturity amount is also tax-free.
- Long-Term Investment: The scheme has a maturity period of 21 years, allowing for long-term financial planning and security.
- Flexible Deposit Options: Parents can deposit between ₹250 and ₹1.5 lakh per year, making it accessible to various income levels.
- Government Backing: SSY is backed by the Government of India, ensuring the safety and security of investments.
- Financial Security: The scheme provides financial security for the girl child, helping parents save for her education, marriage, and other expenses.
- Partial Withdrawal: Up to 50% of the balance can be withdrawn after the girl turns 18 for higher education or marriage expenses.
- Low Minimum Investment: The account can be opened with a minimum deposit of ₹250, making it accessible to many families.
- Compounding Benefits: The interest is compounded annually, allowing for significant growth in savings over time.
FAQS On Sukanya Samriddhi Saving Account 2025
Sukanya Samriddhi Yojana is a government-backed savings scheme designed to secure a girl child’s future, focusing on education and marriage needs.
A girl child below 10 years old can open an SSY account, with a maximum of two accounts allowed per family.
The current interest rate for SSY is 8.2% per annum, compounded annually.
Albert Will is a finance content writer based in New Orleans. He holds a BBA in Finance and has eight years of experience in the industry. For the past five years, he has been a Financial Content Editor at ptetraj2021.com, where he excels in creating informative content for readers.