Sukanya Samriddhi Yojana 2026: After the birth of a daughter, parents have many worries about her education and future. Every parent wants their daughter to get good education and not have to face shortage of money when she grows up. For this purpose, the Central Government has started Sukanya Samriddhi Yojana.
This is a government savings scheme, in which parents can gradually deposit money by opening an account in the name of their daughter. The special thing about this scheme is that it offers attractive interest compared to other small savings schemes.
Even in November 2026, 8.2 percent annual interest is being given on this scheme. If you also want to make safe savings for your daughter's future, then it is important to know about the eligibility, interest rate, deposit amount and account opening process of this scheme.
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana is a small savings scheme of the Central Government, which has been specially designed keeping in mind the future of daughters. Under this scheme, parents or legal guardians can open an account in the name of their daughter below 10 years of age.
In this, interest fixed by the government is given on the amount deposited. By depositing money in the account for a long time, good savings can be created for the daughter's higher education and future needs. This account can be opened in the post office or the bank authorized for this scheme.
How much interest is being received in Sukanya Samriddhi Yojana?
At present 8.2 percent annual interest is being given in this scheme. The interest rate has been maintained at 8.2 percent for the third quarter of the financial year 2026-27 i.e. from October 1 to December 31, 2026.
The government reviews the interest rates of small savings schemes every three months. Therefore, the interest rate may also change in the coming quarters. The interest received in the account is compounded on an annual basis, which helps in increasing savings in the long run.
How much money can I deposit?
To open an account in Sukanya Samriddhi Yojana, a minimum of Rs 250 has to be deposited. After this, a minimum of Rs 250 and a maximum of Rs 1.5 lakh can be deposited in a financial year.
It is not necessary to deposit money every month in this scheme. You can deposit money in one go or in different installments as per your convenience. However, it is necessary to maintain a minimum deposit amount every financial year.
Eligibility for Sukanya Samriddhi Yojana
Some necessary conditions have been set to avail the benefits of this scheme.
- The age of the daughter should be less than 10 years at the time of opening the account.
- The account can be opened in the name of the daughter by her parents or legal guardian.
- Only one Sukanya Samriddhi account can be opened in the name of a daughter.
- Normally accounts can be opened for maximum two daughters of a family. In cases of twins or triplets born together, relaxation can be given as per the rules.
- The account is opened in the name of Indian resident daughter.
For how many years does the account last?
The account in Sukanya Samriddhi Yojana matures on completion of 21 years from the date of opening. However, the facility to deposit money in this lasts only for 15 years from the date of account opening. Even after this, interest continues to be received on the amount deposited in the account as per the rules applicable.
For example, if an account is opened in the name of a daughter in 2026, it will mature in 2047. In this way parents get a chance to save for the daughter's future for a long time.
Facility to withdraw money for daughter's education and marriage
In this scheme, facility of premature withdrawal of money is also provided with some conditions. After the daughter turns 18 or passes 10th class, whichever is earlier, a maximum of 50 percent of the amount in the account can be withdrawn for her higher education. For this necessary documents have to be given.
Apart from this, the facility of closing the account for daughter's marriage is also available as per the prescribed rules. For this the daughter's age should be at least 18 years. That is, this scheme can not only help in long-term savings but also in needs like daughter's education and marriage.
How to open an account in Sukanya Samriddhi Yojana?
If you want to open an account under this scheme in the name of your daughter, then you can go to the nearest post office or authorized bank branch.
- First of all go to the nearest post office or authorized bank.
- Get the application form of Sukanya Samriddhi Yojana.
- Fill the necessary information of daughter’s name, date of birth and guardian.
- Submit daughter's birth certificate and other necessary documents.
- Deposit the prescribed minimum amount.
- The account will be opened after verification of the application and documents.
Documents required to open an account
- Daughter's birth certificate.
- Identity proof of parent or legal guardian.
- Address proof of guardian.
- Passport size photo.
- Prescribed application form for opening an account.
Is tax exemption available in Sukanya Samriddhi Yojana?
Yes, tax related benefits are also available in this scheme. Tax exemption can be availed on the amount deposited under the old tax regime up to the limit prescribed under Section 80C of the Income Tax Act. Apart from this, the interest received on the account and the maturity amount are also tax free as per the current rules.
Overall, Sukanya Samriddhi Yojana is a good option for parents who want to make safe and long-term savings for their daughter's future. In this, one can start with a small amount and build up good savings over time. Before opening an account, be sure to get information about the official rules and current interest rates.