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HDFC Sukanya Samriddhi Yojana (SSY)

Sukanya Samriddhi Yojana (SSY) is the safest government backed savings scheme for a girl child in India with the highest interest rate of 8.2% per annum (Q2 FY 2026-27) among all small savings schemes. The SSY, launched under the “Beti Bachao, Beti Padhao”

8.2%

CURRENT INTEREST RATE*

₹250

MINIMUM DEPOSIT

Save ₹1.5 Lacs

UNDER SECTION 80C (EEE)

Secure her Future in Just 60 Seconds Build her safety net, starting at just ₹250

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Features of HDFC Sukanya Samriddhi Yojana
The key features of Sukanya Samriddhi Yojana HDFC are as follows:
Eligibility
Only for girl children who are residents of India. NRIs are not eligible. If the girl becomes an NRI after opening the account, the bank must be informed within 1 month, and the account will be closed.
Age Criteria
Accounts can be opened from the birth of the girl child up to 10 years of age.
Who Can Open
Biological parents or legal guardians can open the account. Minimum deposit to open: ₹250. Maximum two accounts per family; three allowed if twins/triplets are born.
Where to Open
Available at all HDFC branches, post offices, and other authorized banks.
Tenure
Account matures after 21 years or when the girl marries after turning 18. No interest is paid after 21 years.
Deposits
Minimum deposit: ₹250 per year. Maximum deposit: ₹1.5 lakh per year. Deposits can be made via cash or cheque.
Partial Withdrawal
Up to 50% of the balance can be withdrawn when the girl turns 18, for education or marriage.
Account Continuity
Deposit at least ₹250 every year for 15 years to keep the account active. If not, the account is deactivated but can be revived by paying a ₹50 penalty plus the missed deposit.
Other Highlights
The account offers attractive interest rates (currently 8.2% per annum).
Tax benefits available under Section 80C.
Flexible deposit options make it accessible for all families.
HDFC Sukanya Samriddhi Yojana Interest Rates Historical Data
FINANCIAL YEAR Q1 (Apr-Jun) Q2 (Jul-Sep) Q3 (Oct-Dec) Q3 (Oct-Dec)
2026-27 8.2% 8.2% - -
2025-26 8.2% 8.2% 8.2% 8.2%
2024-25 8.2% 8.2% - -
2023-24 8.2% 8.2% 8.2% 8.2%
2022-23 8.2% 8.2% - -
2021-22 8.2% 8.2% 8.2% 8.2%
2020-21 8.2% 8.2% - -
2019-20 8.2% 8.2% 8.2% 8.2%
2018-19 8.2% 8.2% - -
2017-18 8.2% 8.2% 8.2% 8.2%
Note: The above rates are indicative as of 2 July 2026 and may vary among jewellers depending on making charges, purity, and local market conditions.
What are the Benefits of the HDFC SSY Account?
Below are the benefits of the HDFC Sukanya Samriddhi Yojana Account:
Benefits Component
Details
High-Interest Rate
One of the most significant benefits of the SBI Sukanya Samriddhi Yojana Account is that it offers a high interest rate of 8.2% per annum, the rate has hiked from the previous quarter. This SSY interest rate is subject to change every quarter, but it is still much higher than most other savings schemes.
Easy Relocation
If the account holder wants to relocate, Sukanya Samriddhi Yojana SBI offers you an option to transfer your account to another approved post office or bank.
Easy to Open
The SBI Sukanya Samriddhi Yojana Account can be easily opened at any SBI branch across India. Minimum documents are required to open a bank account in SBI.
Tax Benefits
Investments made in Sukanya Samriddhi Yojana SBI Account are eligible for tax benefits under Section 80C of the Income Tax Act.
Compound Interest Post Maturity
SBI Sukanya Samriddhi Yojana Earns compound interest even after the 21-year maturity period if the amount remains untouched.
Affordable Deposits
Nominal deposits of just ₹250 per year make it accessible for every family, allowing consistent contributions without financial pressure under SBI Sukanya Samriddhi Yojana.
Advisor / Distribution Fees
Regular plans include commissions within TER, up to 1% gap compared with direct plans. Direct plans have no distributor commission, improving cost efficiency overall in general terms.
Documents Required to Open an
HDFC Sukanya Samriddhi Yojana Account
Here is a list of documents required for the Sukanya Samriddhi Yojana HDFC:
  • Identity/address proof of parents/legal guardians such as Aadhaar Card, PAN Card
  • Girl child's birth certificate, photo of child and parent, completed Form 1
  • For twins/triplets: Medical certificate is required to prove birth order
  • A certificate of relationship is needed, especially for adopted children, to open a SBI Sukanya Samriddhi Yojana Account
How to Open a HDFC Sukanya Samriddhi Yojana Account (SSY)?
You can follow the steps mentioned below to apply for the HDFC Sukanya Samriddhi Yojana Account:
Offline Process
Below is the process of how to open Sukanya Samriddhi account offline in HDFC:
1
Visit HDFC Branch
Go to your nearest SBI branch with required documents.
2
Fill out the SSY Form
Request and complete the Sukanya Samriddhi Yojana application form.
3
Submit Required Documents
Provide the girl child's birth certificate, your ID and address proof (KYC), and passport-sized photos.
4
Make Initial Deposit
Deposit a minimum of ₹250 or more, as per your preference.
5
Account Opening Confirmation
Once processed, you'll receive a passbook as proof of account opening.
Online Process
Below is the process of how to open Sukanya Samriddhi account online in HDFC:
1
Login to HDFC Net Banking
Access your HDFC account via net banking or the YONO app.
2
Navigate to e-Services
Click on the 'e-Services' section.
3
Open New Account
Choose the option to open a new Sukanya Samriddhi Yojana account.
4
Fill in Details
Provide all required details, including the girl child's name, birth certificate, and your KYC documents.
5
Select Deposit Amount
Enter the initial deposit amount (minimum ₹250).
6
Submit and Verify
Review your application and submit. You may need to authenticate using OTP or password.
7
Download Receipt
After successful account creation, download the acknowledgement receipt for your records.
How SSY Interest Rate Compares to Other Schemes
SSY gives you 8.2% interest. Let's see how the Sukanya Samriddhi Yojana rate of interest compares to other savings options.
Scheme
Interest Rate
Tax on Interest
SSY
8.2%
Fully Tax Free
PPF
7.1%
Fully Tax Free
Bank FD
6% - 7.5%
Taxable
Recurring Deposit
5% - 6.5%
Taxable
NSC
7.7%
Partly Tax Free
Post Office Savings
4%
Taxable
National Savings Certificate
4%
Taxable
See How Your Money Grows
Annual Deposit
₹
Your Daughter's Age
years
AT MATURITY (21 YEARS)
₹0
Maturity Amount
TOTAL INVESTED
₹22,50,000
INTEREST EARNED
₹49,32,119
Return Multiple
3.19x
Wrapping It Up
The HDFC Sukanya Samriddhi Yojana stands out as a secure and rewarding savings option for the girl child. It offers high interest rates, flexible deposits, and significant tax advantages. Its long-term structure and government backing ensure peace of mind for parents, while the scheme’s benefits directly support the educational and financial empowerment of girls.

Frequently Asked Questions

What is the current interest rate for the HDFC Sukanya Samriddhi Yojana?

The interest rate for SSY is determined by the Government of India on a quarterly basis. Currently, the rate stands at 8.2% per annum, compounded annually. Since SSY is a government-backed scheme, the interest rate remains uniform across all participating banks, including HDFC Bank.

Can an existing SSY account be transferred from a post office or another bank to HDFC Bank?

Yes. The Sukanya Samriddhi Yojana offers nationwide portability. You can request a account transfer from your current post office or bank by submitting a transfer application. The existing provider will send your original account documents and balance draft directly to your chosen HDFC Bank branch.

What happens if I fail to deposit the minimum ₹250 in a financial year?

If the minimum deposit of ₹250 is not made in any given financial year, the account will be marked as defaulted or inactive. You can reactivate the account anytime within the 15-year deposit tenure by paying a penalty fee of ₹50 per defaulted year plus the minimum ₹250 contribution for each missed year.

What are the rules for partial withdrawal from an HDFC SSY account?

Partial withdrawal of up to 50% of the accumulated balance (at the end of the preceding financial year) is permitted once the girl child turns 18 years old or completes 10th standard (whichever comes first). The funds must be strictly used for higher education or vocational training, backed by valid college admission offers and fee structures.

What are the deposit limits for an HDFC SSY account?

The minimum deposit required to open and maintain an active account is ₹250 per financial year. The maximum deposit limit allowed is ₹1.5 lakh per financial year. Deposits exceeding ₹1.5 lakh in a single financial year will not earn any interest and will be refunded to the account holder.

How can I transfer money online into an HDFC SSY account?

You can easily transfer funds online using HDFC NetBanking or the HDFC Mobile Banking app. Simply add the SSY account number as a beneficiary, or set up a recurring Standing Instruction (SI) for automated monthly or quarterly contributions from your HDFC savings account.
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