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Sukanya Samriddhi Yojana account: 5 things to know about the Sukanya Samriddhi Yojana account


Sukanya Samriddhi Yojana account: 5 things to know about the Sukanya Samriddhi Yojana account

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1.SSY account can be opened in the name of a girl child till she attains the age of 10. It is allowed only for two female children, and a third child only in case of twin girls during a second birth or triplets in the fi rst birth.

2.A minimum deposit of Rs.250 and a maximum deposit of Rs.1.5 lakh in a financial year.

3.The money invested is eligible for Section 80 C deduction.

4.Maturity is on completion of a period of 21 years from the date of opening of account.

5.The current rate of interest is 7.6% per annum, calculated on a yearly basis and compounded annually.

Content on this page is courtesy Centre for Investment Education and Learning (CIEL).
Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.

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