Correct age in the Current SSY Agreement

Aug 6th, 2022
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The Sukanya Samriddhi Yojana account can be initiated in the name of a girl child by her parents or legal guardians, provided its done before she docHubes the age of 10 years. Each girl child is entitled to only one account under her name.
The Sukanya Samriddhi Account is designed to provide a bright future for your girl child. It offers a high interest rate of 8.2% and tax benefits under 80c. Conveniently invest in this scheme online through HDFC Bank.
It is better to open your Sukanya samriddhi account in post office (after PNB Nirav Modi scam) please keep every document like date of birth certificate, deposit slips in a separate folder. It is a long term account for 21 years and partial withdrawal after 18 year .
You can open a Sukanya Samriddhi Yojana Account in any authorised bank branch or a post office branch. You can also set it up online with the help of your net banking facility. Documents you need to open Sukanya Samriddhi Yojana Account are: SSY Account opening form.
The account allows partial withdrawal. The Sukanya Samriddhi account holder can withdraw up to 50% of the total savings for fulfilling the purpose of marriage or higher education of his/her girl child. The Sukanya Samriddhi account allows partial withdrawal only after the girl docHubes the age of 18.
List of Banks Offering Sukanya Samriddhi Yojana 1. HDFC Bank2. Axis Bank3. Punjab National Bank 7. Central Bank of India 8. IDBI Bank 9. Canara Bank 10. Indian Bank 11. State Bank of India 12. Bank of Maharashtra 13. Punjab Sind Bank 14. Indian Overseas Bank 15. UCO Bank 16. Bank of India 17. Bank of Baroda1 more row Mar 1, 2024
Those making monthly payments to SSY accounts should do it on or before the 5th of every month to ensure there is no loss of monthly interest. If the date of deposit in the SSY account is after April 5 or 5th of every month, then such deposits are not considered for interest calculation in that month.
Minimum deposit ₹ 250/- Maximum deposit ₹ 1.5 Lakh in a financial year. Account can be opened in the name of a girl child till she attains the age of 10 years. Only one account can be opened in the name of a girl child.

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