Government Schemes · Girl Child Schemes
Sukanya Samriddhi Account
A tax-free savings account for a girl child, from Rs 250 a year
Girl childAll of India
Updated on 16 Oct 2026
What you get
A small savings account for a girl child, opened at a post office or an authorised bank. Deposits range from Rs 250 to Rs 1.5 lakh in a financial year and qualify for deduction under Section 80C of the Income Tax Act, and the interest earned is free of income tax under Section 10. The account matures 21 years after it is opened. Money can be withdrawn for her higher education, and the account can be closed early on her marriage after she turns 18. It can be transferred to any post office or bank in India. The current interest rate is published on the National Savings Institute website.
Who can apply
A girl child under 10 years of age: the account is opened in her name, and only one account is allowed for each girl.
How to apply
Open the account at a post office or an authorised bank branch with the account opening form, available on the National Savings Institute website.