Plan your daughter's future with Sukanya Samriddhi Yojana (SSY)

Minimum Rs. 250/- & Maximum Rs. 150000/- in a F.Y. + Tax free interest. Income tax rebate under sec.80C . Sukanya Samriddhi Yojana Eligibility Criteria Account can be opened only by the Natural/Legal Guardian for a Girl Child. The age of the girl child to be below 10 years at the time of opening of account. A single account can be opened for a girl child. Two SSY accounts are allowed in a family (one for each girl). Exception in case of twins. Features of Sukanya Samriddhi Yojana Minimum of Rs 250 and Maximum of Rs. 1.5 Lakhs can be invested in one financial year. The account shall mature on completion of a period of twenty-one years from the date of its opening. However, deposits towards the scheme should be made for a period of 15 years. Tax benefits Comes under EEE (Exempt, Exempt, Exempt) investment category. Principal amount, the interest earned and the maturity amount are tax-free U/s 80C of the Income Tax Act, 1961, tax benefits of up to Rs.1.5 lakh are provided for contributions. Premature Closure Premature Withdrawal is allowed once the girl is 18 and getting married. In case of unfortunate untimely demise of the girl child, the account can be closed prematurely. The account can also be closed prematurely in the case of inability to deposit the amount by the depositor and is causing financial issues to the depositor. Withdrawal Rules After the account holder attains the age of eighteen years or has passed tenth standard, on an application in Form-3, withdrawal of upto a maximum of 50% of the amount in the account, for the purpose of education of the account holder. The withdrawal can be made in one lump sum or in installments of not more than once per year for a maximum of five years. Closure of Account on Maturity The account shall mature on completion of a period of 21 years from the date of its opening. Closure of the account also permitted before completion of twenty-one years for marriage of a girl child after attaining the age of 18years. No Such closure shall be allowed before one month from the date of the intended marriage or after three months from the date of marriage.

Plan your daughter's future with Sukanya Samriddhi Yojana (SSY)