Post Office Sukanya Samriddhi Yojana (SSA)

The Sukanya Samriddhi Yojana (SSA) under the Post Office is a high-interest, government-backed savings scheme designed for the girl child, helping parents secure their daughter's education and future while enjoying tax-free returns and 80C benefits.

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Key Highlights

✅ 8.2% per annum (compounded yearly)
✅ Tax-free interest under Income Tax Act
✅ Minimum deposit: ₹250 per year, maximum: ₹1.5 lakh per year
✅ Deposits in lump sum or flexible installments
✅ Safe, government-backed, long-term savings

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Latest Interest Rate (From 01 Jan 2024)

• 8.2% per annum, compounded annually

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Salient Features

(a) Who Can Open:

• Guardian (parents/legal guardian) in the name of a girl child below 10 years
• Only one account per girl child across banks/post offices
• Maximum of two accounts per family (more allowed in case of twins/triplets)

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(b) Deposit:

• Minimum deposit: ₹250 to open and maintain the account
• Maximum deposit: ₹1.5 lakh per financial year (in multiples of ₹50)
• Deposits can be made in lump sum or multiple installments, with no limit on the number of deposits in a month/year
• Deposits can be made for 15 years from the date of account opening
• Accounts qualify for Section 80C tax deduction
• If the minimum deposit is not made, the account will become defaulted but can be revived by paying the minimum deposit plus a penalty of ₹50 per defaulted year

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(c) Interest:

• Calculated monthly on the lowest balance between the 5th and last day of the month
• Credited annually at the end of each financial year
• Interest is tax-free under the Income Tax Act

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(d) Operation of Account:

• Operated by the guardian until the girl child attains 18 years of age

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(e) Withdrawal Facility:

• Allowed after the girl child turns 18 years or passes the 10th standard
• Up to 50% of the balance at the end of the preceding financial year can be withdrawn
• Withdrawals can be made in a lump sum or in up to one withdrawal per year for a maximum of five years

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(f) Premature Closure:

Permissible after 5 years from account opening under specific conditions:

• Death of the account holder (interest at PO Savings Account rate applies from the date of death to payment)
• Extreme compassionate grounds such as:
  • Life-threatening illness of the account holder
  • Death of the guardian
• Requires documentation and submission of a prescribed form at the post office

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(g) Closure on Maturity:

• The account matures after 21 years from the date of account opening
• Alternatively, the account can be closed for marriage after the girl child attains 18 years of age, but:
  • Closure is allowed only within 1 month before or 3 months after the date of marriage

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Why Choose Sukanya Samriddhi Yojana?

✅ Secure your daughter’s education and marriage funds
✅ Highest interest among small savings schemes
✅ Tax-free growth under government guarantee
✅ Flexible deposits with low minimum requirements
✅ Excellent long-term wealth creation for girl child

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The Post Office Sukanya Samriddhi Yojana is a trusted and effective way to invest in your daughter’s future, providing high, tax-free interest with complete capital security under the Government of India.

Start your SSA investment today to build a secure future for your daughter with guaranteed, safe returns. 👉 Check out our SSA Calculator

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