Sukanya Samriddhi Account for Daughters: Essential Rules to Know Before Opening
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Sukanya Samriddhi Yojana: Key Rules Before Opening Account for Your Daughter
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News18•20-02-2026, 07:38
Sukanya Samriddhi Yojana: Key Rules Before Opening Account for Your Daughter
•Sukanya Samriddhi Yojana (SSA) is a government-backed small savings scheme for a daughter's education or marriage, offering higher interest rates and tax benefits.
•Account can be opened for a girl child under 10 years by parents/guardians; only one account per child, maximum two per family (with exceptions for twins/triplets).
•Minimum annual deposit of 250 rupees, maximum 1.5 lakh rupees per financial year; deposits required for 15 years, interest accrues until maturity at 21 years.
•Interest rate set quarterly by the government; partial withdrawals allowed for higher education after 18, full withdrawal for marriage after 18.
•Scheme falls under EEE category: investments deductible under Section 80C, interest tax-exempt, and maturity amount tax-free, but funds are locked in long-term.
