Sukanya Samriddhi

If you or anyone in your friends and family is blessed with a baby girl in this financial year, don't forget to open a Sukanya Samriddhi Account in her name.

You can invest a maximum of ₹22,50,000 over 15 years, and with the current interest rate of 8.2%, you will earn a maturity value of ₹69,27,578 in 21 years.

Furthermore, the interest is tax-free.

Some Key Points of SSY:
➡️Minimum deposit ₹ 250/- Maximum deposit ₹ 1.5 Lakh in a FY.
➡️Account can be opened in the name of a girl child till she attains the age of 10 years.
➡️The account shall mature on completion of a period of 21 years from the date of opening of account.
➡️Deposits may be made in the account till the completion of a period of 15 years from the date of opening of the account.
➡️Account can be opened in Post offices and in authorised banks.
➡️Deposit qualifies for deduction under Sec.80-C of I.T.Act.

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