Sukanya Samriddhi Yojana (SSY) account interest rate October-December 2026 announced: Details here

Sukanya Samriddhi Yojana (SSY), the government's savings scheme for the girl child, will continue to earn 8.2% interest in the October-December 2026 quarter of FY 2026-27, according to the Finance Ministry. The Government on Wednesday, September 30, extended the 8.2% rate to another quarter. This rate has remained unchanged since January 1, 2024.

All small savings rates for October-December 2026

SSY scheme details

An SSY account can be opened for a girl below the age of 10, with a minimum yearly deposit of ₹250 and a maximum of ₹1.5 lakh. The account matures 21 years from opening and up to half the balance can be withdrawn for the girl's education after she turns 18. The account can also be closed on marriage after 18.

The scheme also retains full EEE status with deposit, interest and maturity proceeds exempt from income tax. However, deposits are eligible for deduction only under the old tax regime.

At 8.2%, a parent depositing the full ₹1.5 lakh every year for 15 years can build a corpus of roughly ₹44.8 lakh, which will grow to about ₹71.8 lakh by year 21 if left untouched. On every ₹10,000 of balance, the account earns ₹820 a year, tax-free. However, future rate changes can affect this calculation.

As per the Shyamala Gopinath Committee framework, SSY is benchmarked to long-term G-secs with a 75-basis-point spread. Long-term yields hardened sharply during July-September quarter with 15-year G-secs quoted around 7.2% and 30-year paper around 7.5-7.6% in late September

Like PPF, SSY is also a floating-rate scheme. Wednesday's 8.2% therefore applies to every rupee already in every a SSY account for the next three months. Any future cut or hike would apply to the then existing corpus.