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What is Sukanya Samriddhi Yojana (SSY) interest rate 2024?
What are the benefits of Sukanya Samriddhi Yojana?
What is Sukanya Samriddhi Yojana (SSY)?
Is Sukanya Samriddhi Yojana taxable?
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.
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 · 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 Q2 FY 2024-25) as compared to other government-backed tax saving schemes such as PPF.
- 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.
Jan 2, 2024 · Sukanya Samriddhi Yojana (SSY) Interest Rate 2024 hiked to 8.2% for January-March 2024 Quarter. Know SSY Tax benefits, interest rate change trends & comparison with other. Skip to the content
Feb 17, 2022 · Sukanya Samriddhi Yojana is a small deposit scheme for the girl child launched as a part of the government's 'Beti Bachao Beti Padhao' campaign. The Sukanya Samriddhi Yojana scheme is currently offering 8.2% for the quarter ending March 31, 2024. The scheme comes with various tax benefits.
- Preeti Motiani
Sukanya Samriddhi Yojana Interest Rate. Sukanya Samriddhi Yojana interest rate is fixed by the Government based on the yields provided by Government securities. The interest rate is also reviewed every quarter. The Sukanya Samriddhi Account interest rate, once fixed, does not change.
Sukanya Samriddhi Yojana Interest Rates. The interest rate on the Sukanya Samriddhi Yojana is fixed by the government and reviewed every quarter. For the current quarter of 2024, Sukanya Samriddhi Yojana interest rate is 8.2% p.a. Here is a Sukanya Samriddhi yojana chart with additional details-
