Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Scheme typeGovernment of India Sukanya Samriddhi Account Scheme 2019 serviced by SBI
Source 1Beneficiary and guardianA natural or legal guardian opens on behalf of an eligible resident Indian girl child
Source 2Girl-child account limitUp to two girl children, with an exception for twin girls as the second birth or three girls born in the first birth
Source 3Annual contributionMinimum ₹250, then multiples of ₹50, up to ₹1,50,000 per financial year
Source 4Maturity and contribution periodMatures 21 years from opening; contributions may be made for up to 15 years from opening
Source 5Current government-set Sukanya rate8.20% p.a. for 1 July through 30 September 2026Effective 1 Jul 2026
Source 6Interest treatmentGovernment-notified rate compounded annually, with the page describing an optional monthly payout calculated on completed-thousand balances
Source 7Purpose-based withdrawalUp to 50% of the previous financial year-end balance for education, or marriage after the beneficiary reaches age 18, subject to scheme rules
Source 8Premature closureOn beneficiary death, or after five years for documented extreme compassionate grounds such as life-threatening disease or guardian death; other closures receive only the applicable post-office savings rate under scheme rules
Source 9Irregular-account revival₹50 for each default year plus the required minimum amount for that year
Source 10Contribution channelsCash, cheque, demand draft, transfer or internet banking; standing instructions at a branch or through internet banking
Source 11Latest government rate notificationFor 1 July-30 September 2026, interest rates on Small Savings Schemes remain unchanged from the rates notified for 1 April-30 June 2026. The one-page Q2 memorandum does not repeat the scheme-wise rate table, so it is evidence of continuity and not an independent source for numeric scheme rates.Effective 1 Jul 2026
Source 12Benefits and features
- Government-set 8.20% rate for the current quarter
- Contributions from ₹250 per year
- Up to ₹1.5 lakh annual contribution
- Annual compounding
- Branch and internet-banking contribution routes
- Purpose-based education or marriage withdrawal
Eligibility
- The beneficiary must meet current citizenship and residency requirements throughout the account under scheme rules.
- The ordinary family limit is two girl children, subject to the documented multiple-birth exception.
- The government can revise the rate; 8.20% applies through 30 September 2026.
- SBI's page labels its on-page 8.20% figure with a stale January-March 2024 date; the current rate here is established from the newer government unchanged-rate chain.
- Withdrawal, closure and tax treatment follow current government rules rather than SBI discretion.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- KYC and Sukanya account-opening form required by SBI and current scheme rules
- Girl child's proof of birth, citizenship/residency and guardian relationship as applicable
- Documentary proof for the multiple-birth exception where used
- Education, marriage, death or compassionate-ground evidence for an applicable withdrawal or closure request