Sukanya Samriddhi Yojana (SSY) is a government-backed scheme designed to secure your daughter’s future.
By investing in SSY, you can provide her with a substantial financial cushion for education, marriage, or any other future endeavours.
An Attractive Investment Opportunity
SSY offers a competitive interest rate, which ensures significant returns on your investment. With the potential to earn a substantial amount, SSY can help your daughter achieve her financial goals.
Eligibility Criteria
To open an SSY account, you must be the parent or legal guardian of your daughter. The account can be opened until the girl child turns 10 years old. Only two SSY accounts can be opened per family.
Investment Limit and Returns
The minimum annual investment in SSY is Rs 250, and the maximum is Rs 1.5 lakh. The current interest rate is 8.2%, which is subject to change.
SSY offers a maturity period of 21 years, and the entire amount is returned to the daughter along with interest.
Tax Benefits
Investments made in SSY are eligible for tax exemption under Section 80C of the Income Tax Act. This means that you can claim a deduction of up to Rs 1.5 lakh on your annual investment.
Key Features of SSY
High Interest Rates- SSY offers a competitive interest rate, which ensures significant returns.
Tax Benefits- Investments are eligible for tax exemption.
Government Backed- SSY is a safe and secure investment option.
Maturity Benefits-The entire amount is returned to the daughter after 21 years.
A Powerful Tool for Your Daughter’s Future
SSY is a powerful tool to secure your daughter’s financial future. By investing in this scheme, you can provide her with the necessary resources to fulfill her dreams.
If you fail to deposit the minimum annual amount for one or two years, your SSY account may be deactivated by the government. Ensure regular contributions to maximize the benefits of this scheme.