A guardian can open the SSY account for a girl child from birth until she turns 10 years old.
The SSY account can be opened with a minimum deposit of Rs 250 and a maximum deposit of Rs 1.5 lakh in a financial year.
The DEA has issued guidelines explaining what will happen if more than two SSY accounts are opened in the name of a daughter or if an SSY account is opened by grandparents who are not the child’s legal guardians.
A parent or legal guardian can open Sukanya Samriddhi account for a girl child immediately after her birth until she turns 10 years old.
Sukanya Samriddhi Yojana can be opened in the name of a girl child till she attains the age of 10 years.
Parents can deposit money into an SSY account through cash, cheque, demand draft or online transfer.
Interest rates applicable to various small savings schemes for the quarter starting October 1, 2026, and ending December 31, 2026, will remain the same as those notified for the July-September quarter.