Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched as part of the "Beti Bachao, Beti Padhao" campaign. It is designed to help parents save for the future education and marriage expenses of their girl child.
Key Rules
- Eligibility: Can be opened for a girl child below 10 years of age.
- Deposit Period: 15 years from the date of opening.
- Maturity Period: 21 years from the date of opening.
- Tax Benefits: EEE status (Exempt-Exempt-Exempt).
- Interest Rate: Currently 8.2% (subject to quarterly revision).