Sukanya Samriddhi Scheme (SSS)
Sukanya Samridhi Yojana is a small savings scheme launched by the Government as a part of their ‘Beti Bachao, Beti Padhao’ campaign.
Overview of SSS | |
Age Limit | 0-10 Years |
Investment Amount | ₹250 - ₹1,50,000 |
Maximum Account can be opened | 2 |
Maturity Duration | 21 Years |
Contributions to SSY accounts not only secure your child's future but also offer significant tax benefits.
Under Section 80C, you can claim deductions up to Rs. 1.5 lakh annually. Moreover, the interest earned and withdrawals are completely tax-free, making it a smart financial move.
Here’s the chart showing the average interest rate of SSY on a YoY basis
To calculate the maturity amount, check out the Sukanya Samriddhi Yojana Calculator.
