Central Bank of India Sukanya Samriddhi Yojana 2026

Central Bank of India Sukanya Yojana Interest Rates Historical Data

The Central Bank of India Sukanya Samriddhi Yojana interest rate is 8.2% per annum currently. The Government notifies the rate quarterly. Interest is calculated on the lowest balance between the close of the fifth day and the end of the month, then credited at the end of the financial year.

Financial Year	Q1 (Apr-Jun)	Q2 (Jul-Sep)	Q3 (Oct-Dec)	Q4 (Jan-Mar)
2026-27	8.2%	8.2%	-	-
2025-26	8.2%	8.2%	8.2%	8.2%
2024-25	8.2%	8.2%	8.2%	8.2%
2023-24	8.0%	8.0%	8.0%	8.2%
2022-23	7.6%	7.6%	7.6%	7.6%
2021-22	7.6%	7.6%	7.6%	7.6%
2020-21	7.6%	7.6%	7.6%	7.6%

What Are the Benefits of the Central Bank of India SSY Account?

The Central Bank of India SSY account offers the following benefits for long-term savings and account flexibility:

Benefits Component

Details

Government-backed Scheme

SSY is a Government of India small-savings scheme. Its core rules and applicable interest rate are prescribed by the Government.

Flexible Deposits

You can choose how much to contribute during the year within the permitted annual limits.

Multiple Instalments

You can deposit the amount at once or spread it across the year. There is no limit on the number of deposits.

Yearly Compounding

Interest is credited at the end of each financial year and added to the account balance.

Tax Benefits

Eligible deposits can qualify for a deduction up to ₹1.5 lakh under Section 80C, subject to the applicable old tax regime and overall limit. Interest and qualifying withdrawals are exempt from tax.

Education Support

Part of the accumulated balance can be used for education after the prescribed age or education milestone is reached.

Account Revival

Missing the annual contribution does not permanently close the account, as it can be brought back to regular status within the allowed period.

FAQs

How many deposits can I make in a Central Bank SSY account in a year?

You can make as many deposits as you like during the month or financial year. The amount can be paid in one go or split into smaller payments. After the first deposit, add money in multiples of ₹50. The total deposited in a financial year can be up to ₹1.5 lakh.

What happens if I miss the ₹250 minimum contribution in the Central Bank SSY account?

If you do not deposit at least ₹250 in a financial year, the account is marked as defaulted. You can bring it back to regular status before the 15-year deposit period ends by paying the missed ₹250 amount and a ₹50 default fee for each year of default.

How is interest calculated on a Central Bank Sukanya Samriddhi Account?

Interest for each calendar month is calculated on the lowest account balance between the close of the fifth day and the end of that month. It is credited at the end of the financial year. The current rate is 8.2% per annum and is notified quarterly by the Government.

Can a Central Bank SSY account be closed before 21 years?

Yes. The account can be closed prematurely in specified circumstances. It can be closed on the death of the account holder. After five years from opening, premature closure may also be permitted on extreme compassionate grounds, such as a life-threatening illness of the account holder or the death of the guardian operating the account, subject to the prescribed documents and approval.

When can the Central Bank SSY account be closed for the girl child's marriage?

Marriage-related closure is allowed after the account holder turns 18. The Central Bank states that the account can be closed within one month before the marriage or up to three months after it. This is different from normal maturity, which occurs 21 years after the account was opened.

Is the Central Bank of India Sukanya Samriddhi Yojana tax-free?

Yes. Money put into the account up to ₹1.5 lakh can be claimed under Section 80C under the old regime, within the limit that applies to you. The interest earned and qualifying payments from an SSY account are exempt from tax. This treatment is commonly referred to as Exempt-Exempt-Exempt or EEE.

Can I open a Central Bank Sukanya Samriddhi Account online?

Central Bank of India currently states that SSY accounts are opened through its branches. Its current scheme page does not confirm complete online account opening. However, the official application form is available online, so you can prepare the form and documents before visiting a branch.

Can a Central Bank SSY account be opened for more than two girl children?

Normally, a family can open SSY accounts for a maximum of two girl children. The scheme allows an exception in specified cases involving the birth of twin or triplet girls. Supporting documentation may be required to establish that the family qualifies for the multiple-birth exception.