SSY interest rate: Let us tell you that Sukanya Samriddhi is also included in small savings schemes. By making a small investment in this scheme, you can arrange money for your daughter’s future.
Sukanya samriddhi yojana interest rate: In the next 15 days, the central government is going to announce the decision on the interest rate of small savings schemes. Actually, the decision regarding the interest rate of small savings schemes is taken on a quarterly basis. In such a situation, the decision on the interest rate for the next quarter i.e. from April to June is going to be taken now. Let us tell you that Sukanya Samriddhi is also included in small savings schemes. By making a small investment in this scheme, you can arrange money for your daughter’s future.
What is the specialty of the scheme
Under this scheme, parents can open an account immediately after the birth of the girl child till she attains the age of 10 years. Only one account is allowed for each child. Parents can open a maximum of two accounts for each of their children. However, in case of twins or triplets, there is a relaxation in opening more accounts. Please note that any girl child who is a resident of India from the time of opening the account till maturity/closure is eligible for this scheme.
These are the necessary documents
Account opening form under Sukanya Samriddhi, birth certificate of the girl child, identity proof as per RBI KYC guidelines and residence proof are required. Any post office or commercial bank branch allows opening of Sukanya Samriddhi account for girls.
Starting from Rs 250
Sukanya Samriddhi Yojana starts with a minimum initial deposit of Rs 250. The total annual deposit limit is limited to Rs 1,50,000. Funds can be deposited for a period of up to fifteen years from the date of opening the account. Under the scheme, the central government pays 8.2% interest per annum. Please note that an application can be made for withdrawal of up to fifty percent of the amount for educational purposes. This withdrawal is acceptable only when the account holder turns 18 years of age or completes class ten, whichever is earlier.
