Sukanya Samriddhi Yojana (SSY) account interest rate for July-September 2025

SSY account interest rate July-September 2025: The Finance Ministry has announced the Sukanya Samriddhi Yojana (SSY) account interest rate for the July-September quarter of FY 2025-26.

SSY account is an exclusive savings scheme for the girl child offered by the post office and banks. The scheme is currently offering 8.2% interest per annum, calculated yearly and compounded annually. And it will continue to offer the same interest rate the the second quarter of FY 2025-26 starting tomorrow (July 1, 2025).

The SSY account can be opened by the following:

• By the guardian in the name of the girl child below the age of 10 years.

The Government allows only one SSY account either in the Post Office or in any bank in the name of a girl child.

The SSY account can be opened for a maximum of two girls in a family. However, more than two accounts in a family can be opened in case of twins/triplets girls birth.

The SSY account currently offers 8.2% per annum and a maximum investment of Rs 1.5 lakh in a year. The amount withdrawn from the SSY account on maturity doesn't attract any tax.

SSY account interest rate: What was expected?

The SSY interest rate has remained unchanged at 8.2% since April 1, 2024.

The interest rates of small savings schemes like SSY account, POMIS, KVP, SCSS, NSC, PPF, Post Office Time Deposit, and SSY are decided based on yields of G-secs of comparable maturities in the secondary markets.

Since January 2025, G-sec yields have declined amid the Reserve Bank of India's (RBI) decision to reduce its repo rate by 100 bps (1%). Falling G-Sec yield provides a compelling reason for the Government to reduce the SSY interest rate.

However, it was also expected that the Finance Ministry may keep the SSY interest rate unchanged, given the Government's focus on empowering the girl child.

A reduction in the SSY interest rate will lead to lower overall returns from investment in the scheme.