The Sukanya Samriddhi Account Scheme is a long-term savings plan created to financially empower the girl child in India. In 2026, this scheme continues to be one of the safest and most rewarding investment options for parents who want to plan ahead for their daughter’s education and future needs. Backed by the Government of India, the scheme focuses on disciplined savings with assured growth over time.
Overview of the Scheme
Sukanya Samriddhi is a dedicated savings account that can be opened in the name of a girl child at an early age. The main objective is to reduce the financial burden on families during important milestones such as higher education and marriage. Since it is a government-supported scheme, the risk is minimal, and returns are stable compared to many market-linked options.
Who Can Open the Account?
The scheme has simple eligibility rules, making it accessible to most families:
- The account is opened for a girl child who has not completed 10 years of age
- Only one account per girl child is permitted
- Parents or legal guardians are responsible for opening and managing the account
- A maximum of two girl children per family can be covered
Documents Needed
To apply for the Sukanya Samriddhi Account in 2026, you need the following documents:
- Birth certificate of the girl child
- Aadhaar or other identity proof of the parent/guardian
- Address proof such as ration card, Aadhaar, or utility bill
- Passport-size photographs
- Duly filled Sukanya Samriddhi Account application form
Step-by-Step Application Process
Opening a Sukanya Samriddhi Account is straightforward and can be done through banks or post offices.
- Visit a nearby post office or authorized bank branch
- Request the Sukanya Samriddhi Account opening form or download it online
- Fill in accurate details of the child and guardian
- Attach all required documents
- Deposit the initial amount as per your choice
- Submit the form for verification
- After approval, the account is activated and a passbook is issued
Deposit Rules and Duration
- Minimum yearly contribution: ₹250
- Maximum yearly contribution: ₹1.5 lakh
- Deposits must be made for 15 consecutive years
- The account matures after 21 years from the date of opening
Regular deposits help in building a substantial amount over the long term, even with small annual contributions.
Interest and Tax Advantages
The Sukanya Samriddhi Account offers a higher interest rate compared to many traditional savings schemes. The interest is compounded annually and reviewed periodically by the government. One of the biggest benefits is its EEE tax status, which means:
- Deposits qualify for tax deduction under Section 80C
- Interest earned is completely tax-free
- Maturity amount is also exempt from tax
Withdrawal and Maturity Benefits
- Partial withdrawal of up to 50% of the balance is allowed once the girl turns 18, mainly for education
- The full amount can be withdrawn after maturity or at the time of marriage after the age of 18
Final Thoughts
The Sukanya Samriddhi Account Scheme 2026 is a powerful savings tool for parents who want to secure their daughter’s future without financial stress. With guaranteed safety, attractive returns, and tax-free benefits, this scheme encourages long-term planning and responsible saving. Starting early ensures that small contributions today can create a strong financial foundation for tomorrow.
