The Sukanya Samriddhi scheme is a government-backed small financial savings scheme that may be opened in publish places of work or at designated private and non-private sector banks. It is without doubt one of the maximum rewarding funding choices within the mounted source of revenue class.
Oldsters of woman kid elderly 10 can open an SSY account underneath their kid’s identify. Most two accounts can also be opened in case of more than one daughters, with a prohibit of 1 account in keeping with daughter. The account matures after 21 years of the date of opening of the account or at the marriage of the account holder after she turns 18, whichever is previous.
An annual funding of as much as Rs 1.5 lakh can also be made in a single SSY account. The investor would possibly declare tax exemption on all the Rs 1.5 lakh funding underneath Segment 80C of the I-T Act, 1961. The rate of interest for the second one quarter of the present Monetary Yr 2022-23 (FY23) is an inflation-beating 7.6%.