Archive · 30 Aug 2026
Sukanya Samriddhi Account Has Strict Age-10 Opening Cutoff
Sukanya Samriddhi is a government savings plan for girls.
A parent or guardian can open an account only while the girl is under 10 years old.
If she has already turned 10 and no account was opened, a new account generally cannot be started.
If the account was opened earlier, it does not close when she turns 10.
Money can generally be deposited for 15 years from the day the account was opened.
The account matures 21 years after that opening date.
Families can deposit between ₹250 and ₹1.5 lakh in a financial year.
Some withdrawals may be allowed for higher education if the scheme’s conditions are met.
A new Sukanya Samriddhi Account can be opened only before a girl turns 10.
A parent or legal guardian can open the account for an eligible girl child.
An existing account remains valid when the girl later turns 10.
Deposits can generally continue for 15 years from the account-opening date.
The account matures 21 years after opening, with a currently stated interest rate of 8.2% per year.
- Who
- Parents or legal guardians of eligible girl children.
- What
- The article explains the age rules and key features of the Sukanya Samriddhi Account.
- When
- A new account can be opened from birth until the girl has not yet attained 10 years of age.
- Where
- The scheme is identified with the official website of India Post.
- Why
- The rules help parents determine whether they can open an account and plan savings for their daughter's future.
- Opening age
- The girl must be below 10 years of age when the account is opened.
- Account opener
- A natural or legal guardian may open the account.
- Family limit
- Generally, up to two girl children per family, subject to specified exceptions.
- Annual deposits
- The minimum deposit is ₹250 and the maximum is ₹1.5 lakh per financial year.
- Deposit period
- Deposits can be made for 15 years from the account-opening date.
- Maturity
- The account matures 21 years from the account-opening date.
- Interest rate
- The government-notified rate is stated as currently 8.2% per annum.
- Tax and withdrawals
- Eligible contributions may qualify under Section 80C, and premature withdrawals are allowed in specified circumstances, including higher education, subject to scheme conditions.