Sukanya Samriddhi Yojana (SSY) has emerged as one of the most preferred long-term savings schemes for parents across India. Launched under the government’s Beti Bachao, Beti Padhao initiative, this account ensures strong financial security for a girl child’s future education and marriage expenses.

For the October–December 2025 quarter, the government has set the interest rate at 8.2% per annum, making SSY one of the highest-return small savings schemes, equal to the interest offered under the Senior Citizens Savings Scheme. This high yield has significantly increased the scheme’s popularity among Indian families.

Over 4 Crore Accounts Opened Nationwide

Prime Minister Narendra Modi recently revealed that more than four crore Sukanya Samriddhi accounts have been opened across the country. Total deposits in these accounts have crossed ₹3.25 lakh crore, indicating the strong trust people place in this scheme to secure their daughters’ future.

Parents or guardians can open the SSY account in the name of their girl child, and the maturity amount can be used to fund higher education or marriage.

Why is Sukanya Samriddhi so Popular?

The SSY interest rate is reviewed quarterly, and the current 8.2% rate makes it one of the top-performing trim savings options. Another significant benefit is its tax-free interest, making it part of the EEE (Exempt-Exempt-Exempt) category.

Under the old tax regime, parents can claim up to ₹1.5 lakh under Section 80C. The minimum annual deposit required is ₹250, while the maximum is ₹1.5 lakh. Deposits are made for the first 15 years, and the account matures after 21 years, with interest continuing even if no contributions are made in the last 6 years.

How Much Will Your Daughter Receive at Maturity?

If parents invest the maximum ₹1.5 lakh every year from the time of the girl’s birth, the total deposit over 15 years becomes ₹22.50 lakh.

At the current interest rate of 8.2%, the account earns an estimated ₹49.32 lakh in interest alone. This means the girl child receives a final maturity amount of approximately: ₹71,82,119 at age 21.

This long-term, tax-free, guaranteed growth is a key reason why SSY remains the number one choice for securing a girl child’s financial future.