What is suknya samriddhi yojna
Sukanya Samriddhi Yojana (SSY) is a small deposit scheme launched by the Government of India as a part of the "Beti Bachao, Beti Padhao" campaign, which aims to promote the welfare of the girl child in India. This scheme is primarily designed to encourage parents to save for the future education and marriage expenses of their girl child.
Sunkya Samriddhi Yojana started to save girl child future under 'Beti Bachao Beti Padhao' by Narendra Modi PM of India.
The main benefits of Sunkya Samriddhi Yojana are following
- The interest rate has increased from 4% to 7.5%
- The account can be transferred from one city to another city
- Tax benefits up to 5 Lacs.
Interest rate of Sunkya Samriddhi Yojana
The interest rate is set by the government each three months later .currently interest rate of this scheme has decreased from 8% to 7.5 %
benefits of sukanya samriddhi yojana
The scheme offers tax benefits under section 80C of the Income Tax Act, and the interest earned and the maturity amount is also tax-free. The account can be opened with a minimum deposit of Rs. 250, and the maximum deposit limit is Rs. 1.5 lakhs per year. The scheme also allows partial withdrawals for higher education or marriage expenses of the girl child.
Sukanya Samriddhi Yojana is a popular savings scheme in India that aims to promote the welfare of the girl child by providing financial security for their future education and marriage expenses.
