New Delhi. There is news of relief for parents who invest in the future of their daughters. The Central Government has not made any change in the interest rate of Sukanya Samriddhi Yojana (SSY). This scheme will continue to yield 8.2 percent annual interest for the quarter from October to December 2026. After reviewing the rates of small savings schemes, the Finance Ministry has decided to continue with the existing rates.
Account opened for daughters below 10 years of age
Sukanya Samriddhi Account can be opened in the name of a daughter below 10 years of age. In this, a minimum of Rs 250 and a maximum of Rs 1.5 lakh can be deposited in a financial year. After opening the account, the amount has to be deposited for 15 years, whereas its maturity period is 21 years.
You can withdraw money for studies
After the daughter turns 18 or passes 10th class, up to 50 percent of the amount can be withdrawn from the account for higher education under the prescribed conditions. This can help in meeting the huge expenses of your daughter's education.
There is a chance even if you miss the installment
If the minimum amount is not deposited in any year, the account can be regularized again. For this, a prescribed penalty has to be paid along with the outstanding minimum deposit. At the same time, under normal circumstances, premature closure of the account is not allowed and special rules apply for this.