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Sukanya Samriddhi Scheme (SSY) is a dedicated scheme for the empowerment and the secured future of the girl child. Every parent of a girl child must consider investing in this scheme as it also doubles as a good tax-saving instrument.
- Sukanya Samriddhi Yojana Interest Rates 2024
- Sukanya Samriddhi Yojana Eligibility
- Benefits of Investing in Sukanya Samriddhi Yojana
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SSY Interest Rates are declared by the government quarterly. For Q1 (April-June) FY 2024-25, the interest rates have been set at 8.2% p.a. Click here to check the historical Sukanya Samriddhi Yojana(SSY) interest rates.
Only parents or legal guardians of a girl child can open an SSY accountThe girl child has to be below the age of 10 at the time of account openingOnly one account can be opened in the name of a girl childOnly two SSY accounts are allowed for a family i.e. one for each girl childSukanya Samriddhi Yojana introduced as part of the Beti Bachao, Beti Padhao Yojana initiative, provides investors with a range of benefits. Some of the key Sukanya Samriddhi Yojana benefits are as follows: High Interest Rate- SSY offers a higher fixed rate of return (currently 8.2% per annum for Q1 FY 2024-25) as compared to other government-backed...
Sukanya Samriddhi Yojana is a government-backed small savings scheme for the benefit of a girl child. Learn about its eligibility, interest rate, tax benefits, deposit limits, maturity period, premature closure and more.
Calculate the maturity amount and returns of your SSY account with this online tool. Learn about the eligibility, tax benefits, and withdrawal rules of this scheme for girl child education and marriage.
- Guardians can open an account on behalf of their girl child anytime between when she is born and before she reaches the age of 10.
- Only one SSY account is permitted for a girl child. The number of accounts guardians can create is restricted to two for each of their girl childre...
- Individuals can open an account with as low as Rs. 250. They also have to invest a minimum of Rs. 250 to keep the account active.
- An SSY account is rendered inactive if you don’t make any deposits. However, you can revive your account by paying a penalty charge of Rs. 50.
- The maximum amount that you can deposit per year in a Sukanya Samriddhi Yojana account is Rs. 1.5 Lakh.
- The maturity period of an SSY account is 21 years. However, you only have to make deposits for 14 years. The deposited corpus will earn interest be...
- Yes. SSY accounts provide income tax benefit of up to Rs. 1.5 Lakh under Section 80C.
- Yes. An account holder (the girl) will be able to withdraw from her account once she reaches 18 years of age. The account holder can only withdraw...
- Yes. A Sukanya Samriddhi Yojana account can be closed in the event of the accountholder’s death or for the treatment of life-threatening diseases,...
May 4, 2024 · Features. Cash. Cheque. Demand Draft. Transfer/ online transfers through internet Banking. To promote the welfare of Girl Child. A natural/ legal guardian on behalf of a girl child. Upto two girl children or three in case of twin girls as second birth or the first birth itself results in three girl children.
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.
Learn how to open a Sukanya Samriddhi Account for your girl child and enjoy tax benefits and high interest rate of 8.4%. Find out the eligibility, features, terms and conditions of this scheme.
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What is Sukanya Samriddhi Account?
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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.
