Sukanya Samriddhi Yojana: All You Need To Know About
Launched as part of the "Beti Bachao, Beti Padhao" initiative, Sukanya Samriddhi Yojana (SSY) is a dedicated savings scheme for girl children under 10.
SSY boasts one of the highest interest rates (currently 8.1%) among Indian savings schemes, helping your deposits grow significantly over time.
You can start with a minimum deposit of Rs. 250 and go up to Rs. 1.5 lakh per year. Regular contributions for 15 years are recommended, but the account earns interest until maturity even without deposits.
The account matures after 21 years or upon the girl's marriage after 18, providing a substantial corpus for her future needs like education or wedding.
SSY accounts can be opened at any post office or authorized bank branch with minimal documentation.
After the girl turns 18, 50% of the balance can be withdrawn for specific purposes like higher education.
SSY accounts can be transferred across India if the girl child relocates.
Backed by the Government of India, SSY offers a safe and secure investment option for your daughter's future.A family can open a maximum of two SSY accounts, one for each girl child.
By investing in SSY, you can secure your daughter's future while availing attractive benefits and contributing to the "Beti Bachao, Beti Padhao" mission.