e. Sukanya Samridhhi Yojana
What are the other advantages of this scheme?
SSY offers many other advantages for the girl child. Some of them are listed below. Highest fixed interest rates Maturity amount to be given directly to the girl child The depositor can make numerous deposits in multiples of Rs 100 throughout the ...
What are the tax benefits of Sukanya Samridhhi Yojana?
SSY enjoys full tax exemption under 80C, i.e. the amounts deposited (up to ₹1.5lacs a year), the interest accrued thereon and the maturity value are all tax-free.
Can I withdraw from the scheme before maturity?
Yes, a partial withdrawal of up to 50% is allowed after the account holder turns 18 year for the requirement of either marriage or higher education. In case of marriage of the account holder after 18 years, the operation of the account may not be ...
Can the account holder choose not to close the account after maturity?
The normal tenure of the account is up to the age of 21 years of the girl. The girl can choose to continue the account further, but it will not be eligible for any interest after the maturity period.
How can I open SSY account?
Opening a SSY account is a fairly simple process. The government has authorized various Banks and Post Offices where you can open the account under this scheme. There is not much documentation needed in normal cases. Here is a list of documents ...
When can I invest in this scheme?
You can invest in SSY in the name of the girl child any time before she turns ten years old.
What is the interest rate on this scheme?
The interest rate on this scheme is 8.5%, which is among the highest rates among other schemes.
What is Sukanya Samridhhi Yojana?
Launched in January 2015, The Sukanya Samriddhi Yojana is a dedicated small savings scheme for the future security and prosperity of a girl child under Beti Bachao Beti padhao program of the government. The aim is to create a corpus for the girl ...