Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana (SSY) scheme was launched by PM Narendra Modi  in 2014 with the main aim of securing the future of a girl child

Tenure of SSY is 21 years from the date of opening the account or till the marriage of girl

Deposit should be made till 15 years

Minimum amount to open SSY : Rs 250  Maximum Amount : Rs. 1.5 Lac per year

Parents/guardian can operate the account till girl reaches 10 years. Later the girl can operate

In a family, up to two accounts can be opened for 2 girls

Interest rate as of 2022 May is 7.6 % per year

SSY account can be opened in Post office or Bank

Documents required for opening SSY account: 1. Birth certificate of girl child 2. ID proof and address proof of the depositor

Tax exemption available under 80C section

SSY is better investment option compared to Fixed deposit. Go ahead and open now !