A lot of girl children save money through SSY. A girl child up to 10 years old can have an SSY account opened in her name at any post office or bank.
The Sukanya Samriddhi Yojana (SSY) account interest rate and other small savings plans for the April-June quarter of FY 2026-27 were released by the Ministry of Finance on Monday, March 30, 2026.
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The interest rate on the SSY account will stay the same at 8.2%, as set by the government.The ministry said in a release that the interest rates on different Small Savings Schemes will stay the same for the first quarter of FY 2026–27, which runs from April 1, 2026, to June 30, 2026. These rates were announced for the fourth quarter of FY 2025–26, which ran from January 1, 2026, to March 31, 2026.
The Ministry of Finance revealed on December 31, 2025, the interest rate for the Sukanya Samriddhi Yojana (SSY) account for the January-March quarter of FY 2025–26. At that time, the government also didn’t change the interest rate on SSY.
A lot of girl children save money through SSY. A girl child up to 10 years old can have an SSY account opened in her name at any post office or bank.
Every three months, the government changes the interest rates on small savings plans, such as the Sukanya Samriddhi Account (SSA). In India, you can open an account at any approved bank or post office.
The Sukanya Samriddhi Yojana is a small savings plan backed by the government that lets parents or guardians open a long term savings account in their daughter’s name. The plan will be paid off in 21 years, but only payments are due for the first 15 years.
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Rate of interest on Sukanya Samriddhi Account
The interest rate on the Sukanya Samriddhi Account (SSA) is 8.2% per year from April to June 2026. The profits are added up every year. The interest for the month will be based on the account’s lowest amount from the fifth day’s close to the end of the month.
At the end of each fiscal year, interest will be added to the account.
The least and most that can be invested in SSA
The least amount that can be put into an SSA account is Rs 250, and the most that can be put in during a financial year is Rs 1.5 lakh. After the initial payment, extra contributions can be made in multiples of Rs 50. This makes it easy for people to add money based on how much they can save. You don’t have to make a certain number of payments; you can make as many as you’d like.
Interest on SSY: Is it better than FD?
At the moment, the SSY account gives 8.2% interest per year, which is added up every year. You can get a fixed investment from big banks like State Bank of India, HDFC Bank, ICICI Bank, Bank of Baroda, Punjab National Bank, and more at interest rates that are lower than this one.
The interest rate on the SSY account has also not changed since April 1, 2024.
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Sukanya Samriddhi’s rules for withdrawing
The India Post website says, “When applying for a withdrawal, up to 50% of the balance available at the end of the financial year prior to the year of application may be taken from the account for educational purposes; however, this can only be done after the account holder turns 18 or passes the 10th standard, whichever comes first.”
Withdrawals can be made all at once or in installments, but no more than one per year for a maximum of five years. The maximum amount that can be withdrawn is the actual amount needed to cover the fees and other costs at the time of admission, as shown on the offer of admission or the fee slip provided by the school.
When is premature withdrawal allowed?
An account can only be closed early after 5 years if one of the following situations applies:
- When the account holder is in critical condition and needs medical help;
- When the guardian who managed the account has died;
- Or while keeping the account open is causing the account holder undue hardship.
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If the account holder dies
If the account user dies, the account will be closed right away upon showing a death document. The balance in the account will be credited, and the protector will be paid interest on the balance until the date of death.
Between the date the account person dies and the date the account is closed, interest will be paid at the rate that applies to a Post Office Savings Account for the amount that is still in the account.
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