Sukanya Samriddhi Yojana Interest Rate
The Sukanya Samriddhi Yojana (SSY)is a government program that Prime Minister Narendra Modi introduced in 2015 under the Beti Bachao Beti Padhao Campaign.
The SSY scheme seeks to give a girl financial stability up until the moment of her marriage. Girl children under the age of 10 can register a Sukanya Samriddhi Yojana Account. The scheme reaches its maturity in 21 years from the date of opening.
For more information, Check out related articles: Sukanya Samriddhi Yojana Calculator, Sukanya Samriddhi Yojana Age Limit, & SBI Sukanya Samriddhi Account
Based on the Government Security (G-sec) yields, the Indian Government decides the rate of interest for Sukanya Samriddhi scheme on a quarterly basis.
The Sukanya Samriddhi Yojana (SSY) is a government program that Prime Minister Narendra Modi introduced in 2015 under the Beti Bachao Beti Padhao Campaign.
The interest rate is compounded on a yearly basis and is credited to the account.
Subscribers can also opt for monthly interest. For a month, the rate of interest is calculated on the minimum balance that is present in the account between the end of the 10th and the last day of the month. For July 2025 – September 2025, the rate of interest is 8.2%.
SSY Interest Rates from 2017 to the current quarter
Time Period | Interest Rate (%) |
July to September 2024 (Q2 FY 2025-26) | 8.2% |
April to June 2025(Q1 FY 2025 -26) | 8.2% |
January to March 2025(Q4 FY 2024-25) | 8.2 % |
October to December 2024 (Q3 FY 2024-25) | 8.2 % |
July to September 2024 (Q2 FY 2024-25) | 8.2 % |
April to June 2024 (Q1 FY 2024-25) | 8.2 % |
January to March 2024 (Q4 FY 2023-24) | 8.2 % |
October to December 2023 (Q3 FY 2023-24) | 8.0 % |
July to September 2023 (Q2 FY 2023-24) | 8.0 % |
April to June 2023 (Q1 FY 2023-24) | 8.0 % |
January to March 2023 (Q4 FY 2022-23) | 7.6 % |
October to December 2022 (Q3 FY 2022-23) | 7.6 % |
Jul to Sep 2022 (Q2 FY 2022-23) | 7.6 % |
Apr to Jun 2022 (Q1 FY 2022-23) | 7.6 % |
Jan to Mar 2022 (Q4 FY 2021-22) | 7.6 % |
Oct to Dec 2021 (Q3 FY 2021-22) | 7.6 % |
Jul to Sep 2021 (Q2 FY 2021-22) | 7.6 % |
Apr to Jun 2021 (Q1 FY 2021-22) | 7.6 % |
Jan to March 2021 (Q4 FY 2020-21) | 7.6 % |
Oct to Dec 2020 (Q3 FY 2020-21) | 7.6 % |
Jul to Sep 2020 (Q2 FY 2020-21) | 7.6 % |
Apr to Jun 2020 (Q1 FY 2020-21) | 7.6 % |
Jan to March (Q4 FY 2019-20) | 8.4 % |
Oct to Dec 2019 (Q3 FY 2019-20) | 8.4 % |
Jul to Sep 2019 (Q2 FY 2019-20) | 8.4 % |
Apr to Jun 2019 (Q1 FY 2019-20) | 8.5 % |
Jan to March 2019 (Q4 FY 2018-19) | 8.5 % |
Oct to Dec 2018 (Q3 FY 2018-19) | 8.5 % |
Jul to Sep 2018 (Q2 FY 2018-19) | 8.1 % |
Apr to Jun 2018 (Q1 FY 2018-19) | 8.1 % |
Jan to March 2018 (Q4 FY 2017-18) | 8.1 % |
Oct to Dec 2017 (Q3 FY 2017-18) | 8.3 % |
Jul to Sep 2017 (Q2 FY 2017-18) | 8.3 % |
Apr to Jun 2017 (Q1 FY 2017-18) | 8.4 % |
The government has made sure that the interest rate on the Sukanya Samriddhi Yojana is lucrative enough to entice parents to increase their investments for the girl child's future security.
The interest rate, which is compounded annually, is currently 8.20% p.a. In addition, this return rate is the best among PPF and other savings plans.
Effectively, the parent gets a competitive interest rate on the Sukanya Samriddhi Yojana Account, in addition to a tax exemption under Section 80C of the Income Tax Act, 1961.
There is no other deposit scheme in the country that offers such a high rate of interest, tax exemption, and security for the girl child.
Benefits of Sukanya Samriddhi Yojana
The various benefits of Sukanya Samriddhi Yojana are mentioned below -
- Assured returns - Since Sukanya Samriddhi Yojana is a government-backed program, its returns are guaranteed.
- Higher interest rate - SSY offers a greater fixed rate of return than other government-sponsored tax-saving programs like PPF, which is now 8.2% annually for FY (2025-26).
- Compounding benefit - The Sukanya Samriddhi Yojana (SSY), which offers the benefit of annual compounding, is a fantastic long-term investment plan. Therefore, even modest investments will generate excellent returns over time.
- Flexibility in investment - A deposit can be made for as little as Rs.250 or as much as Rs.1.5 lakh per year. This guarantees that investors of various financial backgrounds can participate in the SSY program.
Tax Benefits on Investment made in Sukanya Samriddhi Yojana:
To promote investments in the SSY scheme, certain tax advantages have been extended by the government:
- Contributions made to the SSY scheme qualify for deductions under Section 80C, with a maximum limit of Rs 1.5 lakh.
- The interest earned on these accounts, compounded annually, is also exempt from taxation under Section 10 of the Income Tax Act.
- Furthermore, the funds received upon maturity or withdrawal are also free from income tax.
Eligibility of Sukanya Samriddhi Yojana
The eligibility criteria for Sukanya Samriddhi Yojana are mentioned below -
- The girl's age has to be under 10 when the account is opened
- An SSY account can only be opened by a girl child's parents or legal guardians
- A household is only permitted to have two SSY accounts, one for each girl kid
- Only one account is allowed to be opened under a girl child’s name.
FAQs on Sukanya Samriddhi Yojana Interest Rates
- Is it possible to close the SSY account before maturity?
No, it is not possible to close the SSY account before maturity.
- Can a girl child open more than one SSY account?
No, a girl child can have only SSY account under her name.
- Can a loan be availed on an SSY account?
No, loan facility on an SSY account is not available.
- Are there any penalties if the subscriber fails to deposit money in SSY account?
A Rs.50 penalty is levied if the subscriber fails to deposit the minimum amount in a financial year.
- Is the transfer of an SSY account from one bank to another possible?
Transfer of an SSY from a bank to a post office and vice versa is possible.
- Is the SSY scheme available throughout India?
Yes, an SSY account can be opened anywhere in India.
- How long does it take for the SSY account to mature?
An SSY account matures after 21 years from the date the account was started.
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