Revealed: Interest Rate of Sukanya Samriddhi Yojana (SSY) 2015 – 2024
Sukanya Samriddhi Yojana (Account) is a Small Savings Special Deposit Scheme for the girl child.
This scheme is specially designed by the Government of India for the education and marriage expenses of the girl child.
Any time before the girl child becomes ten years old, her parents or legal guardians can open a Sukanya Samriddhi Yojana account in her name.
The government will announce the interest rate of Sukanya Samriddhi Yojana every quarter, so it may be difficult for you to keep track of the changes.
This place will give you a comprehensive list of Sukanya Samriddhi Yojana (SSY) Interest Rate from – 2015 to 2026 and also keep you updated on the current interest rates.
You can also check the Sukanya Samriddhi Yojana interest rate chart, SSY rate of interest history, and the year-wise interest rate comparison to understand how the scheme has evolved since 2015.
1.) History of Sukanya Samriddhi Yojana (SSY) Interest Rates
2.) How to Open a Sukanya Samriddhi Yojana (SSY) Account?
3.) How to Check Sukanya Samriddhi Yojana (SSY) Account Balance Online?
4.) Sukanya Samriddhi Yojana (SSY) Interest Rates From 2015 to 2026.
5.) How is Sukanya Samriddhi Yojana (SSY) Interest Calculated?
6.) Sukanya Samriddhi Yojana (SSY) 2015 to 2026 Interest Rate GRAPH
7.) CONCLUSION
The Indian government introduced this plan on January 22, 2015.
The interest rate was set at 9.1% for the fiscal year 2014–15 at that time.
For the fiscal year 2015–16, the interest rate of Sukanya Samriddhi Yojana was set at 9.2%.
However, starting with the fiscal year 2016–17, the interest rate was set for every quarter.
You can check the below table from “A Look into Current and Latest Interest Rates of Post Office Saving Schemes” to understand the period for which the interest rate of Sukanya Samriddhi Yojana is calculated and the date of notification.
| S.NO | Quarter in which the interest rate would be effective | Notification | The interest rate will be determined by the FIMMDA month-end G-Sec. rate. |
| 1. | April-June | 15h March | Dec-Jan-Feb |
| 2. | July-September | 15th June | Mar-April-May |
| 3. | October-December | 15th September | Jun-Jul-Aug |
| 4. | January-March | 15th December | Sep-Oct-Nov |
The SSY interest rate history clearly shows how government bond yields influence the interest rate changes in Sukanya Samriddhi Yojana (SSY).
If you are looking for the Sukanya Samriddhi Yojana interest rate history or SSY historical interest rate from 2014 onwards, this year-wise structure helps you track how the returns have evolved over time.
You can refer to the Sukanya Samriddhi Yojana interest rate chart or SSY rate of interest year-wise comparison to track the Sukanya Samriddhi Yojana interest rate from 2015 to 2026.
Many investors also review the Sukanya interest rate history before deciding whether the current SSY interest rate is attractive compared to previous years.
Now that we’ve looked at the origin of this girl child savings scheme, let’s understand how parents or guardians can actually open an account under Sukanya Samriddhi Yojana.
Opening a Sukanya Samriddhi Yojana account is a simple process that can be done both offline at a post office or participating bank branch and online through select bank portals.
Here’s how you can do it:
i. Eligibility:
The account can be opened any time after the birth of a girl child and before she turns 10 years old.
Each girl child can have only one account, and a family can open accounts for up to two girl children.
ii. Where to Open:
You can open an SSY account at:
iii. Documents Required:
Keep the following documents ready:
iv. Initial Deposit:
A minimum of ₹250 must be deposited to open the account.
Thereafter, deposits can be made in multiples of ₹50 up to ₹1.5 lakh per financial year.
Before making large yearly contributions, it is advisable to check the current interest rate of Sukanya Samriddhi Yojana to understand how your deposits will compound over time.
v. Account Operation:
The account remains operational for 21 years from the date of opening, or until the girl’s marriage after turning 18.
Deposits are allowed for 15 years, and the balance continues to earn interest until maturity.
vi. Online Account Access (Optional):
Some banks allow you to link and manage the SSY account online, check balances, and deposit through net banking or mobile apps — making the process even more convenient.
Pro Tip: Always cross-check the latest Sukanya Samriddhi Yojana interest rate before making a new deposit to plan your returns efficiently.
Once the account has been successfully opened, the next question most parents have is — how can we check our Sukanya Samriddhi Yojana account balance online?
Tracking your Sukanya Samriddhi Yojana account balance has become easier than ever.
Parents and guardians can check the account balance both online and offline.
Here’s how you can do it:
A. Online through Bank Net Banking:
If your Sukanya Samriddhi Yojana account is linked to a participating bank such as SBI, HDFC, ICICI, Axis, or PNB, you can:
Tip: To use this feature, ensure that your SSY account is linked to your bank’s customer ID and that you have net banking enabled.
B. Offline through Post Office Passbook:
If your account is maintained at a Post Office, you can check your balance by:
C. Mobile Apps & Alerts (Bank-Specific):
Some banks, like SBI and HDFC, offer mobile app access where you can:
Regularly reviewing your SSY account helps you assess how the Sukanya Samriddhi Yojana current interest rate is impacting long-term accumulation.
D. Through Account Statement Request:
You can also request a mini-statement or annual statement from the bank or post office to track yearly performance and interest accumulation.
Pro Tip: Regularly checking your SSY account balance helps you track progress toward your daughter’s future goals — whether for education, marriage, or long-term savings growth.
| Financial Quarter | Interest Rate |
| 22nd Jan 2015 to 31st March 2015 | 9.10% |
| 1st Quarter of 2015-16 | 9.20% |
| 2nd Quarter of 2015-16 | 9.20% |
| 3rd Quarter of 2015-16 | 9.20% |
| 4th Quarter of 2015-16 | 9.20% |
| 1st Quarter of 2016-17 | 8.60% |
| 2nd Quarter of 2016-17 | 8.60% |
| 3rd Quarter of 2016-17 | 8.50% |
| 4th Quarter of 2016-17 | 8.50% |
| 1st Quarter of 2017-18 | 8.40% |
| 2nd Quarter of 2017-18 | 8.30% |
| 3rd Quarter of 2017-18 | 8.30% |
| 4th Quarter of 2017-18 | 8.10% |
| 1st Quarter of 2018-19 | 8.10% |
| 2nd Quarter of 2018-19 | 8.10% |
| 3rd Quarter of 2018-19 | 8.50% |
| 4th Quarter of 2018-19 | 8.50% |
| 1st Quarter of 2019-20 | 8.50% |
| 2nd Quarter of 2019-20 | 8.40% |
| 3rd Quarter of 2019-20 | 8.40% |
| 4th Quarter of 2019-20 | 8.40% |
| 1st Quarter of 2020-21 | 7.60% |
| 2nd Quarter of 2020-21 | 7.60% |
| 3rd Quarter of 2020-21 | 7.60% |
| 4th Quarter of 2020-21 | 7.60% |
| 1st Quarter of 2021-22 | 7.60% |
| 2nd Quarter of 2021-22 | 7.60% |
| 3rd Quarter of 2021-22 | 7.60% |
| 4th Quarter of 2021-22 | 7.60% |
| 1st Quarter of 2022-23 | 7.60% |
| 2nd Quarter of 2022-23 | 7.60% |
| 3rd Quarter of 2022-23 | 7.60% |
| 4th Quarter of 2022-23 | 7.60% |
| 1st Quarter of 2023-24 | 8.00% |
| 2nd Quarter of 2023-24 | 8.00% |
| 3rd Quarter of 2023-24 | 8.00% |
| 1st Quarter of 2024-25 | 8.20% |
| 2nd Quarter of 2024-25 | 8.20% |
| 3rd Quarter of 2024-25 | 8.20% |
| 4th Quarter of 2024-25 | 8.20% |
| 1st Quarter of 2025-26 | 8.20% |
| 2nd Quarter of 2025 – 26 | 8.20% |
| 3rd Quarter of 2025 – 26 | 8.20% |
| 4th Quarter of 2025 – 26 | 8.20% |
| 1st Quarter of 2026 – 27 | 8.20% |
The SSY interest rate year-wise trend reflects that the Sukanya Samriddhi Yojana interest rate 2015–16 (9.2%) was the highest, while during 2020–22 it remained constant at 7.6%.
Those comparing SSY interest rate last 5 years or SSY interest rate last 10 years will notice how the scheme moved from above 9% levels to stabilizing near 8%.
You can also review the Sukanya Samriddhi Yojana interest rate last 10 years to get a better idea of how the returns have performed compared to other small saving schemes.
The present SSY interest rate 2026–27 of 8.20% continues to remain competitive among small savings options.
Understanding how interest is calculated in Sukanya Samriddhi Yojana (SSY) is essential for maximizing returns and planning deposits efficiently.
a) Basis of Interest Calculation
The interest rate in Sukanya Samriddhi Yojana is declared quarterly by the Government of India.
However, the interest is calculated monthly and compounded annually.
For each month, interest is calculated on the lowest balance in the account between the 5th and the last day of that month.
This means:
This rule plays a crucial role in maximizing the effective SSY ROI over the long term.
b) Annual Compounding
Although the SSY interest rate may change every quarter, the accumulated interest is credited to the account at the end of the financial year (31st March).
The scheme follows annual compounding, meaning:
This compounding effect significantly enhances the maturity value over 21 years.
c) Example of Interest Calculation
Suppose the current SSY interest rate is 8.20% per annum and you deposit ₹1,00,000 on 1st April.
Over time, this disciplined compounding creates substantial long-term growth.
d) Important Points to Remember
By understanding how the Sukanya Samriddhi Yojana interest calculation works, parents can plan deposits strategically and make the most of the scheme’s guaranteed returns structure.
In the above illustration, the Sukanya Samriddhi Yojana Interest Rate for each year is calculated by taking the average of four quarters in that particular year.
The SSY interest rate chart 2015–2026 clearly shows how the rate dropped after 2016 and gradually stabilized near 8%.
If you are checking the Sukanya Samriddhi Yojana interest rate chart year-wise, the visual trend makes it easier to understand long-term return consistency.
Parents planning to open a Sukanya Samriddhi account in 2026 should check the current SSY interest rate before investing to estimate the maturity value accurately.
For parents evaluating the Sukanya interest rate 2026 or SSY interest rate 2026 current rate, this stability provides predictable long-term compounding.
We hope that this page has given you enough information regarding the current and historical interest rates for the Sukanya Samriddhi Yojana.
The present Sukanya Samriddhi Yojana interest rate 2026–27 of 8.20% offers one of the safest and most rewarding fixed returns among government-backed savings schemes.
If you are wondering what is the SSY interest rate today or the current rate of interest in Sukanya Samriddhi Yojana, always refer to the latest quarterly notification before investing.
It would be beneficial to share this with those who need this information. You can also check “Revealed: Is it good to invest in Sukanya Samriddhi Yojana for your daughter?” for more information regarding this scheme.
If you wish to calculate the maturity amount, use an online Sukanya Samriddhi Yojana calculator 2026 for accurate results.
Post Office saving schemes like Sukanya Samriddhi Yojana are supported by the government.
Therefore, it is a low-risk, dependable type of investment.
Given the consistent Sukanya Samriddhi interest rates over the years, SSY remains a preferred long-term savings option for disciplined parents seeking guaranteed returns.
But, if you choose to invest in other kinds of investment alternatives, such as Mutual Funds, stock markets, etc.
it’s advisable to get the assistance of a qualified financial planner instead of taking amateur advice from social media sites such as Quora, Facebook, Twitter, etc.
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