Minimum deposit ₹ 250/- Maximum deposit ₹ 1.5 Lakh in a financial year.Account can be opened in the name of a girl child till she attains the age of 10 years.Only one account can be opened in the name of a girl child.Account can be opened in Post offices and in authorised banks.Withdrawal shall be allowed for the purpose of higher education of the Account holder to meet education expenses.The account can be prematurely closed in case of marriage of girl child after her attaining the age of 18 years.The account can be transferred anywhere in India from one Post office/Bank to another.The account shall mature on completion of a period of 21 years from the date of opening of account.Deposit qualifies for deduction under Sec.80-C of I.T.Act.Interest earned in the account is free from Income Tax under Section -10 of I.T.Act.
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Under this scheme, parents open a savings account before their daughter turns 10 years old. This account can be opened by the guardian through a bank or post office. The girl’s parents can deposit ₹250 to ₹1.5 lakh per year in this account. In the savings account opened under this scheme, the government also gives compound interest on the amount deposited in the account at a fixed rate.
If you want to open an account in Sukanya Samriddhi Yojana 2024 for the future of your daughter
and want to take advantage of this scheme, then we will provide you complete information related to SSY scheme. Like – what is Sukanya Samriddhi Yojana, features of this scheme, its objective, eligibility, necessary documents required to open an account under this scheme etc. We are going to give detailed information about it. So please read this article of ours till the end.