All You Need to Know About Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana is a government-backed savings scheme for the girl child.

The scheme offers an attractive interest rate of 7.6% per annum.

The minimum deposit amount is Rs. 250 and the maximum is Rs. 1.5 lakh per annum.

The account can be opened for a girl child below 10 years of age by her parents or legal guardian.

The account matures after 21 years from the date of opening or when the girl child gets married, whichever is earlier.

Premature withdrawal is allowed only after the girl child turns 18 years of age.

The scheme offers tax benefits under Section 80C of the Income Tax Act.

The interest earned and the maturity amount are tax-free.

The account can be transferred from one post office/bank to another.

The scheme is a good investment option for parents looking to secure their daughter's future.

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