Sukanya samriddhi yojana – JMS Concern Pvt. Ltd.

Sukanya Samriddhi Account Scheme -SBI

Sukanya samriddhi yojna is a small deposit scheme of the government of India meant exclusively for a girl child and is launched as a part of Beti Bachao Beti Padhao compaign.The scheme is meant to meet the education and marriage expenses of a girl child.

Sukanya samriddhi yojna interest rate

Currently, the interest rate of SSY scheme was reduced 7.6% and it is compounded on a yearly basis. Interest is not payable once the duration of the scheme is completed or if the girl becomes a Non-resident Indian (NRI) or a non-citizen. The rate of interest is decided by the government and is determined on a quarterly basis.

How to open a Sukanya Samriddhi Yojana account?

Fill out the SSY Accountopening form
Keep the documents ready along with photographs
Pay the deposit amount rs 700/-
You can give a standing instruction at the branch or you can set up automatic credit to SSY Account through NetBanking.

Documents you need to open Sukanya Samriddhi Yojana Account are:

SSY Account opening form
Beneficiary’s birth certificate
Address proof of the guardian or parents of the beneficiary
Id proof of the guardian or parents of the beneficiary.

Who is eligible to open the account?

If you are a parent or a legal guardian of a girl child aged less than 10 years.

How much can you deposit?

You can deposit a minimum of Rs. 250 up to Rs. 1.5 lakh in a financial year.

What is the tenure of the deposit?

21 years from the date you open the account.

Sukanya Samriddhi Account – Benefits

Highest Interest Rate among all Small Savings Schemes offered by Govt of India. …
Tax Savings. …
Lock-in Period. …
Purpose of Sukanya Samriddhi Account. …
Maturity Proceeds to be Paid to Girl Child. …
Interest to be paid even after Maturity. …
Flexibility to operate Sukanya Samriddhi Account.

Sukanya Samriddhi Account Scheme -SBI

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