SSY maturity proceeds are tax-free under scheme rules

Sukanya Samriddhi Yojana (SSY) interest and eligible maturity proceeds, including the deposited amount and accumulated interest, are tax-free under applicable rules.

Deposits up to ₹1.5 lakh in a financial year may qualify for a Section 80C deduction under the old tax regime, subject to the overall limit and eligibility conditions. Taxpayers using the new regime cannot claim this deduction.

An account can be opened for an eligible girl child before she turns 10. Deposits can be made for 15 years from account opening, and the account matures after 21 years, subject to scheme rules. The minimum annual deposit is ₹250 and the maximum is ₹1.5 lakh.