As per the latest interest rates released by the government, Sukanya Samriddhi Yojana (SSY) offers the highest interest rate of 8.2% among all small savings schemes.
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Sukanya Samriddhi Yojana: Small savings schemes offer reliable and stable returns for investors, making them especially popular among risk-averse investors. If you’re looking to invest in these schemes, it’s important to know the interest rates offered by each scheme and which one offers the highest returns.
Which scheme offers the highest interest rate?
According to the latest interest rates released by the government, the Sukanya Samriddhi Yojana (SSY) offers the highest interest rate of all small savings schemes at 8.2%.
Interest rates for other schemes
– Public Provident Fund (PPF): 7.1% for the October-December 2025 quarter.
– National Savings Certificate (NSC): 7.7% for the October-December 2025 quarter.
The government also announced that the interest rates for these schemes will remain unchanged for the third quarter of 2025-26.
Tax Benefits of Sukanya Samriddhi Yojana
The Sukanya Samriddhi Yojana falls under the EEE (Exempt-Exempt-Exempt) category. This means that the amount invested is deductible under Section 80C of the Income Tax Act. The amount deposited, interest earned, and income received on withdrawals are tax-free.
Who can invest?
Any parent or legal guardian can open this account in the name of a girl child under 10 years of age.
Other Features of the Sukanya Samriddhi Yojana:
– Minimum annual deposit: ₹250, maximum: ₹1.5 lakh.
– Account opening locations: Post offices and authorized public and private banks (SBI, HDFC Bank, ICICI Bank, etc.).
– Withdrawals allowed: For higher education expenses.
– Early/premature closure: If the girl marries after the age of 18.
– Account transfer: Possible between post offices and banks across India.
– Maturity period: 21 years from the date of account opening.
