SUKANYA SAMRIDDHI YOJANA (SSY) (2022)

Sukanya Samriddhi Yojana (SSY) is a government-backed small monetary financial savings scheme for the benefit of lady baby. It’s a part of the Beti Bachao, Beti Padhao Yojana and could also be opened by the dad and mother of a lady baby beneath the age of 10. It could be opened at designated banks or publish workplaces. A Sukanya Samriddhi Account has a tenure of 21 years or until the girl baby marries after the age

What Is The Sukanya Samriddhi Yojana (SSY)?

SSY targets at tackling a critical disadvantage associated to the girl baby – coaching and marriage. It is focused on securing a vibrant future for the girl baby in India by facilitating the dad and mother of a lady baby in developing a fund for the proper coaching and a carefree marriage payments of their baby. SSY has launched the Sukanya Samriddhi Account for this very goal.

Sukanya Samriddhi Yojana (SSY) Highlights

Curiosity Costs7.6% yearly (Q1 FY 2021-22)
Maturity Interval21 years or until the girl baby marries after the age of 18
Minimal Deposit AmountRs. 250
Most Deposit AmountRs. 1.5 Lakh in a financial 12 months
EligibilityMom and father or approved guardian of a lady baby beneath the age of 10 are eligible to open the SSY throughout the title of the girl baby
Income Tax RebateEligible for rebate beneath half 80C of the Income Tax Act, 1961 (Most cap of Rs. 1.5 Lakh in a 12 months)

Sukanya Samriddhi Yojana Price Of CuriosityThe velocity of curiosity for the 2nd quarter of FY 2021-2022, i.e. 1 July 2021 to 30 September 2021, has been saved unchanged at 7.6%.The velocity of curiosity for the primary quarte

  • the primary quarter of FY 2021-2022 i.e. 1 April 2021 to 30 June 2021 was 7.6%.
  • All of the deposit in ‘Account beneath default’ (the place a minimal amount of Rs 250 has not been deposited), which is not regularised all through the prescribed time, would earn curiosity on the publish monetary financial savings checking account; moreover if the default is due to the dying of the guardian who opened the Account.

Sukanya Samriddhi Yojana (SSY) EligibilitySolely dad and mother or approved guardians of a lady baby can open an SSY accountલThe lady baby should be beneath the age of 10 on the time of account openingલOnly one account could also be opened throughout the title of a lady babySolely two SSY accounts are allowed for a family i.e. one for each lady baby

Phrase: Sukanya Samriddhi Account could also be opened for higher than two women in some specific cases which are-


  • If a lady baby is born sooner than the beginning of twin or triplet women or if triplets are born at first, then a third account could also be opened
  • If a lady baby is born after the beginning of twin or triplet women, a third SSY account cannot be opened

Benefits Of Investing In Sukanya Samriddhi Yojana (SSY)

Sukanya Samriddhi Yojana( सुकन्या समृद्धि योजना ) launched as part of the Beti Bachao, Beti Padhao Yojana initiative, offers patrons with quite a lot of benefits. A couple of of the important thing benefits of this scheme are as follows:

Extreme Curiosity Cost- SSY presents the subsequent mounted payment of return (for the time being 7.6% yearly for Q1 FY 2020-21) as compared with completely different government-backed tax saving schemes akin to PPF.

  • Log into the monetary establishment’s net banking portal using the credentials given by the monetary establishment authorities.
  • On the homepage/dashboard, the account steadiness could be displayed.
offlice websiteClick on right here 
APPLICATION OPENING ACCOUNTClick on right here
SSY Receive sortObtain

Usually Requested Questions

Can I take a mortgage in opposition to the stability throughout the SSY account?

No. The power of mortgage in opposition to SSY account steadiness is not for the time being accessible. You’ll avail the selection of mortgage in opposition to PPF instead.

Is premature closure of the Sukanya Samriddhi Yojana Account allowed?

Positive. Premature closure of the Sukanya account is allowed in positive cases. This will likely more and more embody compassionate grounds as a consequence of terminal illness, the stunning demise of the primary account holder, and so forth. However, the selection to allow such closure is on a case by case basis.


Post a Comment

Previous Post Next Post