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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.
Learn about the scheme that allows you to open an account in the name of a girl child till she is 10 years old and enjoy tax benefits. Find out the minimum and maximum deposit, withdrawal rules, interest rate and scheme forms.
Sukanya Samriddhi Yojana (SSY) Calculator - Calculate SSY Online to determine the maturity amount of your SSY investment after 14 years. Get details of Sukanya Samriddhi Scheme, Rules, deposit amount, interest rate and tax benefits here at Groww.in
- 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,...
Jul 22, 2024 · Learn about the government-backed small savings scheme for girl child benefit, with a high interest rate and tax benefits. Find out the eligibility criteria, deposit limits, maturity period, closure rules and more.
- No. The facility of loan against SSY account balance is not currently available. You can avail the option of loan against PPF instead.
- Yes. Premature closure of the Sukanya account is allowed in certain cases. This may include compassionate grounds due to terminal illness, the unex...
- The SSY account will have to be closed if the girl child becomes an NRI or loses her Indian citizenship.
A government-backed saving scheme for girl children in India, launched in 2015. It offers tax benefits, interest rate of 8.2% (Jan-Mar 2024), and partial withdrawal for higher education.
The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme in India introduced by PM Narendra Modi in 2014. It was launched to help parents save for their daughters’ higher education or marriage. A parent with a girl child can enroll in this scheme until their daughter turns 10. You can only open an SSY account in the name of a ...
Learn about the small deposit scheme for girl child launched by the Indian government as part of the 'Beti Bachao Beti Padhao' campaign. Find information on account opening, operation, closure, withdrawal and more.
