SSY Tips: If you want to open Sukanya Samriddhi Yojana for your daughter, then definitely ask these things from the bank...

Sukanya Samriddhi Yojana: Under Section 80C of the Income Tax Act, 1961, the interest of 8.2%, tax-free maturity, and interest and tax deduction facility are available. To take advantage of this, single families with girls below 10 years of age are opening Sukanya Samriddhi accounts. If you also want to open this account, then you need to know some things.

You can open a Sukanya Samriddhi Yojana account in any authorized bank branch or post office branch. You can also set it up online with a net banking facility.

Documents required to open a Sukanya Samriddhi Yojana account?

- SSY account opening form

- Birth certificate of the beneficiary

- Address proof of the beneficiary's guardian or parents

- ID proof of the beneficiary's guardian or parents

How to open Sukanya Samriddhi Yojana account?

- Fill out the SSY account opening form.

- Keep the document ready with the photo.

- Pay the deposit amount (any amount between Rs 250 and Rs 1.5 lakh)

- You can also set up automatic credit for your SSY account by giving a standing instruction to your branch or through net banking.

Who is eligible to open an account?

If you are the parent or legal guardian of a girl child below 10 years of age.

How many accounts can you open?

Two accounts can be opened for two girls. In the case of twins being born for the second time, three.

How much amount can you deposit?

You can deposit a minimum of Rs 250 to a maximum of Rs 1.5 lakh in a financial year.

What is the deposit period?

Up to 21 years from the date of opening the account.

How much interest will be earned on deposits in SSY?

Accounts opened between October 1, 2024, and December 31, 2024, will earn an interest of 8.2%.

How to open a Sukanya Samriddhi Account online?

Currently, both authorized bank branches and post offices are not allowing online SSY account opening. However, after submitting all the documents, you can set standing instructions online after opening the account.

What is 'Account Under Default'?

Remember, if the amount is not deposited every year, your account will come under 'Account Under Default'. The account can be reactivated by paying a penalty of Rs 50 per year. Reactivation of the account can be done up to 15 years after opening the account.