Sukanya Samriddhi Yojana Interest Rate History 2015 to Present

/ M. Pattabiraman / @pattufreefincal

Published: October 4, 2020 at 9:38 am

Last Updated on October 1, 2021

This is a table of Sukanya Samriddhi Yojana (SSY) interest rates from 2015 to the present.

Sukanya Samriddhi Yojana Interest Rate History 2015 to Present

PeriodRate
October 2021-December 20217.60%
July 2021-September 20217.60%
April 2021-June 20217.60%
January 2021-March 20217.60%
October 2020-December 20207.60%
July 2020-September 20207.60%
April 2020-June 20207.60%
January 2020-March 20208.40%
October 2019-December 20198.40%
July 2019-September 20198.40%
April 2019-June 20198.50%
January 2019-March 20198.50%
October 2018-December 20188.50%
July 2018-September 20188.10%
April 2018-June 20188.10%
January 2018-March 20188.10%
October 2017-December 20178.30%
July 2017-September 20178.30%
April 2017-June 20178.40%
January 2017-March 20178.50%
October 2016-December 20168.50%
July 2016-September 20168.60%
April 2016-June 20168.60%
2015-169.20%
2014-15 (from Jan 2015)9.10%

Also See: PPF Interest Rate History 1968 to Present

Sukanya Samriddhi Yojana (SSY) was launched in 2015 as a part of Beti Bachao Beti Padhao campaign. The scheme is specifically focused towards the girl child and is designed as a small savings scheme that can be used as an investment vehicle towards future expenses of the girl child like education and marriage. In 2019, the government notified a new Sukanya Samriddhi Account Scheme, 2019 to replace Sukanya Samriddhi Account Scheme, 2016. An SSY account can be opened in any post office branch and branches of most commercial banks.  The age limit for account opening is up to 10 years from the date of birth of the girl child who must be a resident of India. Up to 2 SSY accounts can be opened by the parents, one each of up to 2 girl children (exception allowed for twins, triplets etc.). The girl child becomes the account holder when she reaches 18 years of age.

A minimum amount of Rs 250 is required to be deposited in the scheme in each financial year to keep the account active. Even for default accounts, the corpus will continue to earn the notified interest rates. The maximum investment is Rs 1.5 lakh every financial year which can be claimed as a deduction under section 80C and deposits can be made only up to the end of the 15th year from the account opening year. The interest income from the SSY and the maturity/withdrawal amount is also tax-free. Therefore, SSY is one of the few schemes that enjoys the EEE (Exempt-Exempt-Exempt) status.

The scheme matures on completion of 21 years from the date of account opening or when the girl gets married, whichever is earlier. Up to 50% of the balance at the end of the previous financial year in the SSY account can also be withdrawn for the girl child’s higher education once she passes 10th standard or attains 18 years of age, whichever is earlier. The entire corpus can also be withdrawn for the marriage of the girl child before the 21-year period provided the girl has attained 18 years of age.

The SSY interest rates have been steadily going down since the launch of the scheme which is in line with interest rate trends in other fixed-income instruments. However, the scheme still continues to earn one of the highest interest rates when compared to other small savings schemes like PPF and fixed income instruments.

Do share if you found this useful
Use our Robo-advisory Excel Template for a start-to-finish financial plan! Now with a new demo video! ⇐ More than 640 investors and advisors use this!
Our flagship course! Learn to manage your portfolio like a pro to achieve your goals regardless of market conditions! ⇐ More than 2525 investors and advisors are part of our exclusive Facebook Group! Get clarity on how to plan for your goals and achieve the necessary corpus no matter what the market condition is!! Watch the first lecture for free!  One-time payment! No recurring fees! Life-long access to videos in an exclusive Facebook Group! Reduce fear, uncertainty and doubt while investing! Learn how to plan for your goals before and after retirement with confidence.
Our new course!  Increase your income by getting people to pay for your skills! ⇐ More than 585 salaried employees, entrepreneurs and financial advisors are part of our exclusive Facebook Group! Learn how to get people to pay for your skills! Whether you are a professional or small business owner who wants more clients via online visibility or a salaried person wanting a side income or passive income, we will show you how to achieve this by showcasing your skills and building a community that trusts you and pays you! (watch 1st lecture for free). One-time payment! No recurring fees! Life-long access to videos in an exclusive Facebook Group!   
My new book for kids: “Chinchu gets a superpower!” is now available!
Both boy and girl version covers of Chinchu gets a superpower
Both boy and girl version covers of Chinchu gets a superpower.
Most investor problems can be traced to a lack of informed decision making. We have all made bad decisions and money mistakes when we started earning and spent years undoing these mistakes. Why should our children go through the same pain? What is this book about? As parents, if we had to groom one ability in our children that is key not only to money management and investing but for any aspect of life, what would it be? My answer: Sound Decision Making. So in this book, we meet Chinchu, who is about to turn 10. What he wants for his birthday and how his parent’s plan for it and teach him several key ideas of decision making and money management is the narrative. What readers say!
Feedback from a young reader after reading Chinchu gets a Superpower (small version)
Feedback from a young reader after reading Chinchu gets a Superpower!
Must-read book even for adults! This is something that every parent should teach their kids right from their young age. The importance of money management and decision making based on their wants and needs. Very nicely written in simple terms. - Arun.
Buy the book: Chinchu gets a superpower for your child!
How to profit from content writing: Our new ebook for those interested in getting side income via content writing. It is available at a 50% discount for Rs. 500 only!
Did you know? We have more than 1000+ videos on YouTube to explore! Join our YouTube Community!
Want to check if the market is overvalued or undervalued? Use our market valuation tool (will work with any index!), or you buy the new Tactical Buy/Sell timing tool!
We publish mutual fund screeners and momentum, low volatility stock screeners .every month.
About the Author Pattabiraman editor freefincalM. Pattabiraman(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. since Aug 2006. Connect with him via Twitter or Linkedin Pattabiraman has co-authored three print books, You can be rich too with goal-based investing (CNBC TV18), Gamechanger, Chinchu Gets a Superpower! and seven other free e-books on various money management topics. He is a patron and co-founder of “Fee-only India,” an organisation to promote unbiased, commission-free investment advice. He conducts free money management sessions for corporates and associations based on money management. Previous engagements include World Bank, RBI, BHEL, Asian Paints, Cognizant, Madras Atomic Power Station, Honeywell, Tamil Nadu Investors Association, IIST Alumni Association. For speaking engagements, write to pattu [at] freefincal [dot] com
About freefincal & its content policy Freefincal is a News Media Organization dedicated to providing original analysis, reports, reviews and insights on developments in mutual funds, stocks, investing, retirement and personal finance. We do so without conflict of interest and bias. Follow us on Google News. Freefincal serves more than three million readers a year (5 million page views) with articles based only on factual information and detailed analysis by its authors. All statements made will be verified from credible and knowledgeable sources before publication. Freefincal does not publish any paid articles, promotions, PR, satire or opinions without data. All opinions presented will only be inferences backed by verifiable, reproducible evidence/data. Contact information: letters {at} freefincal {dot} com (sponsored posts or paid collaborations will not be entertained)
Connect with us on social media
Our publications

You Can Be Rich Too with Goal-Based Investing

You can be rich too with goal based investingPublished by CNBC TV18, this book is meant to help you ask the right questions, seek the correct answers, and since it comes with nine online calculators, you can also create custom solutions for your lifestyle! Get it now. It is also available in Kindle format.
Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You Want Gamechanger: Forget Start-ups, Join Corporate and Still Live the Rich Life you wantThis book is meant for young earners to get their basics right from day one! It will also help you travel to exotic places at a low cost! Get it or gift it to a young earner.

Your Ultimate Guide to Travel

Travel-Training-Kit-Cover-new This is an in-depth dive analysis into vacation planning, finding cheap flights, budget accommodation, what to do when travelling, how travelling slowly is better financially and psychologically with links to the web pages and hand-holding at every step. Get the pdf for Rs 199 (instant download)
Free android apps