SSY: Tiny Savings Today, A Bright Future Tomorrow
Start Small, Build Big: Know The Power of Sukanya Samriddhi Savings: If you have a daughter and want to secure her future, opening a Sukanya Samriddhi Account (SSA) is a smart step. This government-backed scheme helps you build a strong fund for her higher education or marriage. Since it is supported by the Government of India, your money is completely safe.
Sukanya Samriddhi offers one of the highest interest rates among small savings schemes. Currently, it provides 8.2% interest, which is higher than many bank fixed deposits and other government schemes. Regular savings over time can grow into a large corpus.
The account can be opened for a girl child below 10 years of age by her parents or legal guardian. A maximum of two accounts can be opened — one for each daughter.
You can open this account at post offices or most public and private banks. Basic documents like the daughter’s birth certificate and the parent’s ID and address proof are required.
You need to deposit at least ₹250 per year, and up to ₹1.5 lakh annually. Deposits can be made for 15 years, and the account matures after 21 years. Partial withdrawal is allowed when the girl turns 18 for education purposes. It’s a simple way to turn small savings into a secure future for your daughter.
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