SSY Key Features
SSY account can be opened in any post office or authorised bank for girls below 10 years. Deposits made for 15 years; account matures at 21 years. Interest is compounded annually and is fully tax-free under EEE (Exempt-Exempt-Exempt) status. Deduction available under Section 80C up to ₹1.5 lakh.
Withdrawal: 50% partial withdrawal allowed after the girl turns 18. Full withdrawal at maturity (21 years) or at marriage after 18 years.
Who can open an SSY account?
Parents or legal guardians of a girl child below 10 years. Maximum 2 accounts per family (one per girl child). Exception for twins/triplets.
⚠️ Disclaimer: SSY interest rates are set by the Government of India each quarter. Rates shown are as per FY 2024-25. Check the latest rate at India Post or RBI website. This is an estimate for illustrative purposes. Source: Ministry of Finance, India Post.
Last Updated: June 2025 · Reviewed by Wolf Office Tools Editorial Team