New Delhi. The Central Government has recently clarified its stand in the Parliament regarding Sukanya Samriddhi Yojana (SSY). Minister of State for Finance Pankaj Chaudhary said that the interest rate under this scheme remains 8.2% per annum from January 1, 2024 and at present there is no proposal to change it. This means that investors can continue to have faith in the scheme.
Investor sentiment strong
It was raised in some media reports that the reduction in interest rates may slow down the pace of investment in this scheme. But the Minister of State for Finance completely rejected it. According to data shared in Parliament, since 2014-15, the scheme has seen a steady increase in the number of accounts and total deposits. This is a clear indication that people are preferring to invest in this scheme for the future of their daughters.
Benefits of Sukanya Samriddhi Yojana
Eligibility to open account: Parents or legal guardians can open an account in the name of any daughter. For this, the age of the girl should be less than 10 years. Only one account can be opened for a daughter, while a maximum of two accounts can be opened in a family.
Minimum and Maximum Investment: Minimum annual deposit: ₹250, Maximum annual deposit: ₹1.5 lakh, deposit period is 15 years.
Maturity and Uses: The account matures after 21 years of opening or at the time of marriage of the daughter (after 18 years of age).
tax benefits: Let us tell you that EEE tax benefit is available on investment in this scheme under Section 80C.
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