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Jul 5, 2024 · Know about Sukanya Samriddhi Yojana Account & how to open SSY account, SSY Interest Rate, Benefits, Eligibility, Limits for 2024, calculator & Tax Rules.
Sukanya Samriddhi Yojana (SSY) is a savings scheme launched back in 2015 as part of the Government initiative Beti Bachao, Beti Padhao campaign. This scheme enables guardians to open a savings account for their girl child with an authorised commercial bank or India Post branch.
Jul 5, 2024 · Discover the Sukanya Samriddhi Yojana (SSY) scheme launched under the Beti Bachao Beti Padhao campaign. Learn about its Sukanya Samriddhi Yojana interest rate, benefits, eligibility, bank list, age limit and how to open an account.
May 4, 2024 · In the latest Finance Bill, the scheme has been extended Triple exempt benefits i.e. there will be no tax on the amount invested, amount earned as interest and amount withdrawn.
The Sukanya Samriddhi Account is designed to provide a bright future for your girl child. It offers a high interest rate of 8.2% and tax benefits under 80c.
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme as part of the “Beti Bachao, Beti Padhao Yojana” for the benefit of the girl child. Parents can open up to two such accounts for girls (they cannot open a third/fourth account, etc. if they have more than two girls).
Sukanya Samriddhi Account ( Girl Child Prosperity Account) is a Government of India backed saving scheme targeted at the parents of girl children. The scheme encourages parents to build a fund for the future education of their female child.
The number of new accounts opened under Sukanya Samriddhi Account (SSA) from 01.04.2018 to 31.10.2021 is 1, 42, 73,910. The five states with highest number of accounts under SSA scheme are Uttar Pradesh, Tamil Nadu, Maharashtra, Madhya Pradesh and Karnataka (see below):
Sukanya Samriddhi Account Scheme. INTRODUCTION: Minimum deposit ₹ 250/- Maximum deposit ₹ 1.5 Lakh in a financial year. Account can be opened in the name of a girl child till she attains the age of 10 years. Only one account can be opened in the name of a girl child. Account can be opened in Post offices and in authorised banks.
With an 8% rate of interest, tax free maturity and interest and tax deductions available under Section 80C of the Income Tax Act, 1961, single families with girl children below the age of 10 years, are queueing up to open a Sukanya Samriddhi Account.
