Why Sukanya Samriddhi Yojana is perfect investment for your daughter's future?

Every parent wants to give their child the best future possible. One of the most important investments you can make for your daughter's future is through the Sukanya Samriddhi Yojana (SSY). This government-sponsored scheme is a savings plan that not only offers attractive returns but also provides numerous tax benefits. In this blog post, we'll dive into the details of SSY and why it's the perfect investment for your daughter's future.

• What is Sukanya Samriddhi Yojana: SSY is a savings scheme aimed at promoting the education and financial security of the girl child. The account can be opened in the name of a girl child until she is 10 years old and can be operated until she turns 21.
• Tax Benefits: Deposits made in the SSY account are eligible for tax benefits under the Indian Income Tax Act. This means that you can save on your taxes while ensuring a secure future for your daughter.
• Attractive Interest Rates: The interest rate offered by SSY is determined by the government and is usually higher than that of regular savings accounts. This means that your investment will grow faster and provide higher returns over time.
• Flexibility: You can deposit a minimum of Rs. 250 and a maximum of Rs. 1,50,000 in a financial year into the SSY account. This allows you to invest according to your budget and adjust your contributions as needed.
• Safe and Secure: SSY is a government-sponsored scheme, which means that your investments are safe and secure. You can rest assured that your daughter's future is in good hands.
• Returns: It gives more interest rates than most of the FD and fixed return instruments. During launch, it promised a return of 9.1% per annum while now it is above 7% per annum.

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Thu Feb 2, 2023