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By Ashutosh Joshi, PGDM (Finance), B.Com · Page last reviewed:
Sukanya Samriddhi pays 8.2% a year, tax-free, for 1 Oct – 31 Dec 2026 (unchanged since January 2024). ₹1.5 lakh a year for 15 years could grow to about ₹71.82 lakh when the account matures at 21 years, if the rate holds.
Key Highlights
- SSY pays 8.2% a year for 1 Oct – 31 Dec 2026, unchanged.
- It has been 8.2% since January–March 2024, when it rose from 8.0%.
- The lowest rate since 2016 was 7.6%, from April 2020 to March 2023.
- You can deposit ₹250 to ₹1.5 lakh a year for 15 years; the account matures at 21 years.
Sukanya Samriddhi is a government savings scheme for a girl child below 10. Like PPF, the whole balance earns the rate in force for each quarter. Read: best plans for your child
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Your next questions, answered
How much will I get at 21 for ₹X a year?
At 8.2%, with deposits at the start of each year for 15 years and no deposits for the last 6: ₹50,000/yr → ₹23.94 lakh; ₹1,00,000/yr → ₹47.88 lakh; ₹1,50,000/yr → ₹71.82 lakh.
Is SSY better than PPF?
SSY pays 8.2% against PPF’s 7.1%; both are tax-free. On ₹1.5 lakh a year for 15 years, SSY gives about ₹44.76 lakh and PPF about ₹40.68 lakh. SSY is only for a girl below 10 and matures at 21, with partial withdrawal for education allowed after she turns 18.
Does it beat inflation?
At 6% inflation, 8.2% tax-free is a real return of about 2.08% a year.
Diving Finance view: expert take by Ashutosh Joshi
- For a daughter’s education goal, SSY is a strong debt base. Pair it with an equity SIP (plan for 10–12%) for growth.
- Like PPF, deposit early in the year or in instalments before the 5th as money comes in.
This is general guidance, not personal advice. Check your own goals, tax slab and risk appetite.
How it compares after tax and inflation
| Option | Pre-tax | Post-tax (30% slab) | Post-tax (20% slab) | Real return after 6% inflation (30% slab) |
|---|---|---|---|---|
| SSY | 8.2% | 8.20% | 8.20% | 2.08% |
| PPF | 7.1% | 7.10% | 7.10% | 1.04% |
| Bank FD (illustrative) | 7.0% | 4.82% | 5.54% | -1.12% |
Assumptions in the comparisons: income-tax slabs of 30% and 20% plus 4% cess (31.2% and 20.8%), an illustrative bank FD at 7%, long-run inflation of 6% and equity SIP returns of 10–12%, as used by our author. These are planning assumptions, not forecasts.
Worked example
Deposit ₹1.5 lakh at the start of every year for 15 years. If the rate stayed at 8.2% (compounded yearly), the balance would be about ₹44.76 lakh after 15 years and about ₹71.82 lakh at maturity in year 21. You put in ₹22.5 lakh. The rate is reset every quarter, so treat this as an estimate.
Quarterly rate history (Apr 2016 – Dec 2026)
| Quarter | Rate (p.a.) |
|---|---|
| 2026-27 · Oct–Dec * | 8.2% |
| 2026-27 · Jul–Sep | 8.2% |
| 2026-27 · Apr–Jun | 8.2% |
| 2025-26 · Jan–Mar | 8.2% |
| 2025-26 · Oct–Dec | 8.2% |
| 2025-26 · Jul–Sep | 8.2% |
| 2025-26 · Apr–Jun | 8.2% |
| 2024-25 · Jan–Mar | 8.2% |
| 2024-25 · Oct–Dec | 8.2% |
| 2024-25 · Jul–Sep | 8.2% |
| 2024-25 · Apr–Jun | 8.2% |
| 2023-24 · Jan–Mar | 8.2% |
| 2023-24 · Oct–Dec | 8.0% |
| 2023-24 · Jul–Sep | 8.0% |
| 2023-24 · Apr–Jun | 8.0% |
| 2022-23 · Jan–Mar | 7.6% |
| 2022-23 · Oct–Dec | 7.6% |
| 2022-23 · Jul–Sep | 7.6% |
| 2022-23 · Apr–Jun | 7.6% |
| 2021-22 · Jan–Mar | 7.6% |
| 2021-22 · Oct–Dec | 7.6% |
| 2021-22 · Jul–Sep | 7.6% |
| 2021-22 · Apr–Jun | 7.6% |
| 2020-21 · Jan–Mar | 7.6% |
| 2020-21 · Oct–Dec | 7.6% |
| 2020-21 · Jul–Sep | 7.6% |
| 2020-21 · Apr–Jun | 7.6% |
| 2019-20 · Jan–Mar | 8.4% |
| 2019-20 · Oct–Dec | 8.4% |
| 2019-20 · Jul–Sep | 8.4% |
| 2019-20 · Apr–Jun | 8.5% |
| 2018-19 · Jan–Mar | 8.5% |
| 2018-19 · Oct–Dec | 8.5% |
| 2018-19 · Jul–Sep | 8.1% |
| 2018-19 · Apr–Jun | 8.1% |
| 2017-18 · Jan–Mar | 8.1% |
| 2017-18 · Oct–Dec | 8.3% |
| 2017-18 · Jul–Sep | 8.3% |
| 2017-18 · Apr–Jun | 8.4% |
| 2016-17 · Jan–Mar | 8.5% |
| 2016-17 · Oct–Dec | 8.5% |
| 2016-17 · Jul–Sep | 8.6% |
| 2016-17 · Apr–Jun | 8.6% |
Yearly rates, 2011-12 to 2015-16
| Year | Rate |
|---|---|
| 2015-16 | 9.2% |
| 2014-15 | 9.1% |
| 2013-14 | Not published by source |
| 2012-13 | Not published by source |
| 2011-12 (from 1 Dec 2011) | Not published by source |
Before 2011-12
Not published by source in a usable form: the NSI table for 1990-91 to 2010-11 does not line up values with years for this scheme, and RBI Handbook Table 111 only gives rates from 1 April 2016. We will add earlier years only from a clean official table.
Rate chart
Key rules
- Open for a girl child below 10 years; one account per girl, up to two girls per family (with exceptions for twins/triplets).
- Minimum ₹250 and maximum ₹1.5 lakh per financial year, in multiples of ₹50.
- Deposits can be made for 15 years from opening; the account matures 21 years from opening.
- If you miss the minimum, the account can be regularised within 15 years with a ₹50 penalty per year of default.
Source: DivingFinance, Sukanya Samriddhi Yojana Interest Rate (Oct–Dec 2026) & History, https://divingfinance.com/rates/sukanya-samriddhi-interest-rate/ (data: National Savings Institute & Ministry of Finance; updated 21 Oct 2026)FAQs
What is the SSY interest rate for October–December 2026?
8.2% a year, unchanged from the previous quarter.
How long has SSY been at 8.2%?
Since January–March 2024, according to the National Savings Institute.
For how many years do I deposit in SSY?
For 15 years from opening. The account matures after 21 years.
What is the maximum SSY deposit?
₹1.5 lakh in a financial year. Anything above that earns no interest and is returned.
How much will I get at 21 for ₹X a year?
At 8.2%, with deposits at the start of each year for 15 years and no deposits for the last 6: ₹50,000/yr → ₹23.94 lakh; ₹1,00,000/yr → ₹47.88 lakh; ₹1,50,000/yr → ₹71.82 lakh.
Is SSY better than PPF?
SSY pays 8.2% against PPF's 7.1%; both are tax-free. On ₹1.5 lakh a year for 15 years, SSY gives about ₹44.76 lakh and PPF about ₹40.68 lakh. SSY is only for a girl below 10 and matures at 21, with partial withdrawal for education allowed after she turns 18.
Does it beat inflation?
At 6% inflation, 8.2% tax-free is a real return of about 2.08% a year.
Related rates
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Change log
- 21 Oct 2026 – Page created. Quarterly history from NSI (Apr 2016 – Sep 2026); Oct–Dec 2026 from the DEA order of 30 Sep 2026.
How we collect this data
Rates come from the National Savings Institute (Ministry of Finance) and the Department of Economic Affairs quarterly orders. Scheme rules come from the official scheme notifications on the NSI site and RBI Handbook Table 111. Examples are our own calculations. Read our editorial policy and how we calculate. For information only, not investment advice.