Parents can open an account for a daughter below 10 years of age and deposit between ₹250 and ₹1.5 lakh a year for 15 years. The account matures 21 years after opening, and partial withdrawal is allowed after she turns 18 for education. The rate is 8.2% for October to December 2026, reviewed quarterly.
Finance glossary
What is Sukanya Samriddhi Yojana (SSY)?
A government savings scheme for a girl child, offering one of the highest small-savings rates with tax-free returns.