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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).
- Designated Branch Locations for Sukanya Samruddhi Yojana ... - ICICI Bank
We have the designated ICICI Bank branch list ready for you,...
- What is Sukanya Samriddhi Yojana and how to open ... - ICICI Bank
What is SSY? SSY is a savings scheme targeted towards the...
- Sukanya Samriddhi Yojana Account Faqs - ICICI Bank Answers
To apply for Sukanya Samriddhi Yojana (SSY) scheme, the...
- Designated Branch Locations for Sukanya Samruddhi Yojana ... - ICICI Bank
- What Is Ssy?
- Returns on Ssy Account Investment
- Minimum and Maximum Investment Amount
- Sukanya Samriddhi Scheme Maturity
- Opening Sukanya Samriddhi Account Online
- Empowering Girl Child with Ssy
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SSY is a savings scheme targeted towards the parents of girl children. It aims to help parents in ensuring that their girl child has a bright future with her education and marriage expenses are managed by this savings scheme. Under the scheme, the parent or legal guardian of a girl child can open a small savings account in a post office or approved...
The investments done in Sukanya Samriddhi Accountearns interest which is annually compounded. The rate of interest is adjusted annually. Currently, this savings account earns 8.5% interest annually. Compared to other popular investment options that parents often select for their children such as PPF, SSY currently offers higher interest.
While the minimum investment amount was Rs. 1,000 a year in the past, it has been recently reduced to Rs. 250. However, the maximum amount continues to be Rs. 1.5 lakhs in a financial year. However, there are no limits on the number of deposits you can make.
The parent or legal guardian of a girl child can keep investing in this savings account for up to 14 years. The account will then continue to earn interest until the girl turns 21. The invested amount, as well as the accumulated interest, is then paid to the girl. There is a provision for partial 50% withdrawal from the account after girl turns 18 ...
You can open a Sukanya Samriddhi Schemeaccount online from the official website of banks registered under the scheme. To open the account, you’ll be required to submit a few documents such as- 1. SSY Account Opening Form 2. Birth Certificate of the girl child 3. Aadhar Card of the girl child 4. ID proof and address proof Similarly, you can also vis...
With the expenses of day-to-day life increasing consistently, it is your responsibility as a parent to start saving for your child especially girl from an early age. While there are now several investment options, the Sukanya Samriddhi Yojana is government-backed and one of the most reliable. Get in touch with an authorised bank to know more about ...
Learn about the government-backed savings scheme for girl children, its interest rate, tax benefits and how to open an account online with ICICI Bank. Find out the eligibility, investment limit, maturity and withdrawal rules of Sukanya Samriddhi Yojana.
To apply for Sukanya Samriddhi Yojana (SSY) scheme, the guardian is required to fill the Account opening form on behalf of the minor girl child and submit it at any ICICI Bank branch with the KYC documents.
- You may deposit cash/ cheque in Sukanya Samriddhi Yojana (SSY) account by visiting ICICI Bank branch or do fund transfer through the linked guardia...
- The current interest rate is 8.4%, which is compounded annually. The interest rate is as governed by Ministry of Finance from time to time.
- No, only one SSY account can be opened in the name of the girl child either by natural or legal guardian.
- For customers having relationship with ICICI Bank which is greater than 2 years, the following documents are required: Sukanya Samriddhi Yojana Sch...
- In the event of death of the account holder. in case of extreme compassionate grounds such as medical support in life-threatening diseases of the a...
- The minimum deposit amount is Rs. 250 per annum and the maximum amount is Rs. 1,50,000 per annum.
- Penalty of Rs. 50 will be levied per year of default, if the customer does not deposit the minimum deposit amount of Rs. 250 in a financial year.
- The SSY account matures after completion of 21 years from the date of account opening
Jul 27, 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.
Jul 22, 2022 · Learn about SSY, a government-backed small deposit scheme for girl child's future. Find out how to open, invest, withdraw and transfer SSY account across banks and post offices.
Apr 2, 2021 · SSY Scheme: The Sukanya Samriddhi Yojana is a Government-backed deposit scheme aimed to help in the education & marriage of a girl child. 02 Apr 2021. 2 min read. 6463 views. Click to copy. An SSY account can be opened by the parents or legal guardians of a girl child who is below the age of 10.
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What is Sukanya Samriddhi Yojana (SSY)?
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ICICI Bank offers government-launched special small savings account called the Sukanya Samriddhi Yojana Account. The scheme is designed exclusively for girls and it offers financial support which is aimed towards higher education or marriage.
