Sukanya Samriddhi Yojana Explained

Frequently Asked Questions

<b>1. Who can open an SSY account?

Any Indian girl child below 10 years of age, with the account opened by a parent or guardian.

<b>2. What is the interest rate on SSY?

Set by the government, compounded annually, and usually higher than PPF rates.

<b>3. What is the contribution limit?

Minimum ₹250 per year, maximum ₹1.5 lakh per year.

<b>4. Can withdrawals be made before maturity?

Partial withdrawals allowed from the 18th year for education or marriage expenses.

<b>5. Are contributions tax-deductible?

Yes, under Section 80C, and maturity proceeds are tax-free.