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Yojana
Account!!
The Sukanya Samriddhi Yojana (SSY), also known as girl child prosperity scheme is
launched by Prime Minister Narendra Modi. SSY account is to ensure a bright future for girl
children in India. This Sukanya Samriddhi Yojana is to facilitate them proper education
and care free marriage expenses. The scheme has been accepted well by the masses in
wake of the financial security and independence it would provide to the girl child as well
as their parents and guardians.
1) Attractive interest rate of 9.2%. Interest rate is regulated by Ministry of Finance from time to time
2) Minimum Rs. 1,000 can be invested in one financial year
3) Maximum investment of Rs. 1,50,000 can be made in one financial year
Tax Exemption
Investment in Sukanya Samriddhi Yojana is exempted from Income Tax
under section 80C. The scheme offers Tax Benefit under Triple regimen ie.
Principal, interest and outflow all are tax exempted
Withdrawal Facility
To meet the financial requirements of the account holder for the purpose of
higher education and marriage, account holder can avail partial withdrawal
facility after attaining 18 years of age
9.2%
Check for more about Sukanya Samriddhi Yojana Account from Bankbazaar.com
https://www.bankbazaar.com/saving-schemes/sukanya-samriddhi-yojana-account.html
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