How Does the Sukanya Samriddhi Yojana Account Work?

A small deposit account for a girl child is called Sukanya Samriddhi Yojana (SSY) and it is backed by the Government of India. It can be opened anytime after the girl child is born until she reaches the age of 10. Post offices and commercial banks both offer SSY accounts. Your minimum initial deposit is just Rs 250. You can deposit a maximum of Rs 1.5 lakh per financial year in the SSY account. Girls can open SSY accounts in their names in order to provide them with a brighter future. Money from these accounts can be used for higher […]