Browsing: Sukanya

[ad_1] Sukanya Samriddhi Yojana (SSY) account is considered a good savings scheme for the benefit of a girl child. The SSY account can be opened in the name of a girl child aged below 10 years. Only one account is allowed for a girl child. However, two accounts per family are allowed for two girls in a family. As the interest earned from SSY deposits is tax-free and the interest rate is at par with fixed deposits, or even better in some cases, the SSY account can be used by parents to secure the financial future of their daughters. The…