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This government-backed savings scheme offers attractive benefits.
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startuplanes com 2024 explained ✌️【Career Development】✌️Invest ₹500 to unlock consistent monthly returns. Start now for big rewards! Sukanya Samriddhi Yojana accounts can only be opened by parents or legal guardians of girl children below the age of 10.
Families are allowed a maximum of two accounts per household, with an exception for twins born during the second child birth.
To open an SSY account, you need an SSY account opening form, birth certificate of the beneficiary (your daughter), address proof of the guardian or parents and ID proof of the guardian or parents.
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Deposits to the SSY account can be made annually, with a minimum contribution of Rs 250 and a maximum of Rs 1.5 lakh.
The maturity period of the account is 21 years from the date of opening or upon the daughter's marriage after she turns 18.
black wealth management firms ✌️【Career Development】✌️Start small with ₹500 and watch your money grow month by month! Assuming an annual lump sum investment of Rs 1.5 lakh at the current interest rate of 8.2%, the account holder will receive Rs 71,82,119 at maturity.
This amount includes the investment of Rs 22,50,000 and total interest of Rs 49,32,119, according to the HDFC Bank website.
If you fail to make annual deposits, your account may be classified as defaulted.
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