Opening Sukanya Samriddhi Yojana (SSY) for your daughters is safe for her future. Only one account can be opened in the name of a girl child. It is a long term investment. Withdrawal before maturity is not permitted except in the case of death of the child. Account can be opened in Post offices and in authorized banks.
Add money for your daughter’s education and marriage in Sukanya Samriddhi Yojana which is a good option. By investing money in SSY scheme, you will be sure about your daughter’s higher education and marriage. For this you have to invest in this scheme and the account of a daughter below the age of 10 years can be opened under Sukanya Samriddhi Yojana.
Under Sukanya Samriddhi Yojana, the account can be opened in any authorized branch of any post office or commercial branch. And after opening this account, it can be continued till the girl child is of age 21 years or her marriage after the age of 18 years. It is a small savings scheme of the government for daughters which has been launched under the Beti Bachao-Beti Padhao scheme. Sukanya Samriddhi Yojana is the best interest rate scheme among small savings schemes.
How to open Sukanya Samriddhi Yojana Account?
Sukanya Samriddhi Yojana account can be opened after the birth of a girl child before the age of 10 years with a minimum deposit of Rs 250. Under this yojana the current financial year, a maximum of Rs 1,50,000 can be deposited annually. At present, it is getting 7.6% interest. In this, you can open an account for two daughters. Daughters can withdraw money from this account at the age of 21. In this scheme, the amount will double in 9 years 4 months. Your contributions towards the SSY for your daughter’s future are eligible for tax deductions.
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