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User Meraj Siddiqui
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Questions by Meraj Siddiqui
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Sukanya Samriddhi Yojana is a government-backed small savings scheme for the benefit of girl child. It is a part of the Beti Bachao, Beti Padhao Yojana and can be opened by the parents of a girl child below the age of 10. SSY account can be opened at designated banks or post offices. Sukanya Samriddhi Account has a tenure of 21 years or until the girl child marries after the age of 18. The SSY scheme comes with a higher interest rate along with several tax benefits. Interest Rates: 7.6% per annum (Q4 FY 2022-23) Minimum Deposit Amount Rs. 250 Maximum Deposit Amount Rs. 1.5 Lakh in a financial year
asked
Feb 5, 2023
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Usury / Insurance
...