SSY - Sukanya Samriddhi Yojana account can be opened for these girls of the country, know full details

The Indian central government runs various types of schemes to help the economically weaker people of the country, which aim to help these people and uplift their lives, one such scheme is Sukanya Samriddhi Yojana which has been created to empower and support the daughters of the country, this scheme has been created to help parents save for the future of their daughters, which provides them with a variety of benefits to ensure financial security when they grow up, let's know the full details of this scheme.

Eligibility and account opening:

This scheme allows you to open an account for a girl up to the age of 10 years.

Each family can open an account for two daughters, with a separate account for each girl.

Interest rate and deposit:

This scheme offers an attractive interest rate of 8.2%.

You can deposit anywhere from Rs 250 to Rs 1.5 lakh annually into the account.

Withdrawals and Usage:

The account matures when the girl turns 21, at which time she can withdraw the entire amount.

Additionally, once the girl turns 18, she can withdraw up to 50% of the deposit amount for her higher education or marriage.

Savings and Financial Planning:

Sukanya Samriddhi Yojana encourages long-term savings by offering high interest rates, making it a viable option to secure funds for education and other future needs.

By participating in Sukanya Samriddhi Yojana, parents can ensure that their daughters have financial security for important milestones, making it a valuable tool for planning and saving for their future.