By Anshika Verma30, Dec 2023 09:56 AMjagranjosh.com
Sukanya Samriddhi Yojana
The Sukanya Samriddhi Yojana aims to protect girls' futures and provides several incentives to begin saving. Tap to read about the top 6 benefits of Sukanya Samriddhi Yojana!
Need an amount of INR 250 for opening an account
A minimum deposit of INR 250, which was INR 1,000 prior to July 5, 2018, is required to start an SSY account. A deposit of up to INR 1.5 lakh may be made.
Helps save for your girl child’s educational expenses
You may open an SSY Account for a maximum of two daughters if you are the girl's parent or legal guardian and she is younger than ten years old.
Attractive interest rates
8.6% interest is one of the best rates available on small savings plans for accounts started between October 1, 2018, and December 31, 2018.
You only need to deposit for 15 years
After 15 years, you are not required to make any more deposits until the deposit matures, which occurs 21 years after the account was opened.
Premature withdrawal allowed under special circumstances
In the event that the beneficiary marries before reaching the legal marriage age of eighteen, you may also terminate the Account early.