Sukanya Samriddhi Yojana - SSY
Sukanya Samriddhi Yojana This Scheme was launched by Govt. of India on 22nd January 2015 as a part of Beti Bachao Beti Padhao campaign by Pradhan Mantri Narendra Modi. This scheme supports parents of girl child to build a corpus for her future expenses like Education and Marriage. This plan can be obtained in any Post office and authorized banks. Key Features Can be opened in the name of Girl child whose age is 10 years or below Birth Certificate is compulsory for opening the account Minimum investment is Rs. 250 / year Maximum investment is Rs. 1,50,000 / year Rate of interest is 7.6% for April - 20 to July - 20 (Rate of interest will be decided in every quarter by Govt. of India and compounded yearly) Deposit Duration is 15 years from the date of opening of account Account will mature after 21 years of date of opening of account After completion of 18 years of girl's age she can withdraw 50% of the total corpus for her education and for marriage she can withdraw 100% the corpus f