Sukanya Samriddhi Yojana: The central government is set to announce new interest rates on small savings schemes for the third quarter (October-December) of the financial year 2026-27. Currently, the Sukanya Samriddhi Yojana (SSY) offers an annual interest rate of 8.2%.

It was raised from 8.0% to 8.2% in the January-March 2024 quarter and has remained unchanged in the last 10 reviews since then. If rates remain stable this time, this will be the 11th consecutive quarter without any interest rate changes. Given the recent strengthening of government securities yields, the SSY interest rate is likely to remain stable at 8.2% this quarter as well.

Know these 5 important things related to SSY

1. Current Returns and Tax Benefits: You can open an SSY account for your daughter if she’s under 10 years old. You’ll need to deposit a minimum of ₹250 annually and a maximum of ₹1.5 lakh. The best part? The entire scheme is completely tax-free—your deposits, interest earnings, and maturity benefits are all exempt from taxes (EEE status).

2. What the formula says: The Shyamala Gopinath Committee set up a formula for SSY rates: they’re calculated at 75 basis points (0.75%) above the yield on 10-30 year government bonds (G-Secs). Right now, 15- to 30-year G-Secs are yielding between 7.2% and 7.55%. So the current 8.2% rate fits perfectly within the formula’s range of 8.0%–8.3%.

3. No scope for interest rate reduction: With long-term bond yields performing strongly, there’s a solid reason to keep the rate steady at 8.2%.

4. Comparison with PPF: The Public Provident Fund (PPF) currently offers 7.1% interest. SSY beats it by 1.1%, but remember—it’s only available for daughters under 10 years old.

5. Floating Rate Rule: SSY uses a floating rate structure. Every quarter, the government announces a new rate that applies to your entire existing balance.

Complete calculation of Rs 50 lakh fund for daughter

The Sukanya Samriddhi Yojana requires you to invest for 15 years, with the account maturing at age 21. Using the current annual interest rate of 8.2%, here’s what you’d need to invest to build a Rs 50 lakh corpus for your daughter:

Annual investment: Rs 1,04,500 (roughly Rs 8,708 per month)

Total investment period: 15 years

Total account tenure: 21 years

Total Deposit Amount in 15 Years: Rs 15,67,500

Total interest earned in 21 years: Rs 34,33,371

Total maturity amount after 21 years: Rs 50,00,871.