Sukanya Samriddhi Yojana – MUST for a Girl Child👧

Sukanya Samriddhi Yojana, Child Education, investments

Sukanya Samriddhi Yojana (SSY)

 

We highly recommend Sukanya Samriddhi Yojana (SSY) account to all having a Girl child (up to 10 years of age) to open this account. This account can be opened in any Post Office or a nationalised Bank branch-like SBI, ICICI, etc.

₹1,50,000 invested every year will become more than ₹45 Lacs in 15 years. (All Tax Free)?

Min. Investment – ₹250 in a financial year
Max. Investment – ₹1,50,000 in a financial year

Benefits –

  • Tax Free interest (currently 8.4% p.a.). This is the best risk & tax-free return one can ever get.
  • Deduction on the amount deposited u/s 80C of Income Tax Act, 1961

Other Details –

  • Two different accounts can be opened for two girl child under this scheme.
  • The maximum period of deposit is 15 years from the date of opening of the account.
  • The account can be closed after 21 years from the date of opening of the account.
  • The full amount can be withdrawn for the marriage of the girl after attaining the age of 18 years, and
  • Up to 50% withdrawal is allowed for higher education.

Documentation –

  1. SSY Account Opening Form
  2. Birth Certificate of the Girl Child (mandatory)
  3. Identity proof
  4. Residence proof

Leave a Reply