SSY for 2 daughters

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Discussion is about Sukanya Samriddhi Yojana (SSY) limits for two daughters. Clarification: the 1.5 lakh annual deposit limit applies per child account, not per parent. Hence, 1.5 lakh can be deposited in each daughter's account (3 lakh total) without violating SSY rules, though 80C deduction is capped.

Ankur Aggarwal

Ankur Aggarwal (Querist)
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13 March 2026 Hello,

I have 2 daughters and want to open SSY for both of them. The yearly deposit limit is 1.5L per child. I have the following doubts:
1. The yearly limit of 1.5L is for both the daughters if only 1 parent is paying for their SSY's ?
2. Suppose, I pay for 1.5L for 1 daughter and similarly for the other, and i am the legal guardian for both, then does this 3L deposit violate the 1.5L yearly limit ?

Thanks in Advance.

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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13 March 2026 The SSY maximum deposit limit of ₹1.5 Lakh applies per child's account, not per parent. You can legally deposit ₹1.5 Lakh into each of your two daughters' accounts (totaling ₹3 Lakh annually) without violating any scheme rules, though your personal tax deduction under Section 80C will still be capped at ₹1.5 Lakh.

Ankur Aggarwal

Ankur Aggarwal (Querist)
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15 March 2026 Thank you for the help.

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