SSY: Many schemes are being run by the government. One of these schemes is Sukanya Samriddhi Yojana, which is specially designed keeping daughters in mind. Its aim is to give daughters a secure financial future. Any parent can start investing in the name of their daughters.
How to open an SSY account?
To open an account under Sukanya Samriddhi Yojana, one has to go to the bank or post office. Where all the necessary documents like the girl child’s birth certificate, identity certificate, guardian’s documents etc. have to be submitted. After filling the form, you will have to submit it in the bank or post office. You will also have to submit the original copy of your documents. After this the account will be opened.
After opening the Sukanya Samriddhi Yojana account, many tasks can be completed online. Such as paying the installment amount. Checking the balance online and viewing the account statement. Transferring the account, sending the deposited amount to the beneficiary girl’s account on maturity. This scheme has been started keeping the girl child in mind and one needs to go to the bank or post office to open an account. Currently, the facility of opening an account online has not been provided. Once the account is opened, it can be managed online.
In 2015, the Government of India introduced the Sukanya Samriddhi Yojana (SSY) to encourage the education of girl children. This initiative is a dedicated savings scheme aimed at providing financial assistance to families for their daughters’ education and marriage. Contributions to this account can be made for a maximum duration of 15 years. Both the principal amount and the interest accrued upon maturity are exempt from tax under Section 80C of the Income Tax Act.
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