Sukanya Samriddhi Yojana (SSY)

1. Sukanya SamriddhiYojana (SSY)

2. The Sukanya SamriddhiYojana(सुकन्यासमृद्धियोजना) interest rate for January to March 2019 (Q4, FY 2018-19), is 8.5%. The interest rate on the Sukanya SamriddhiYojana is fixed by the government and reviewed every quarter. The following are the historic interest rates of this government scheme for the girl child:

3. How to invest in the Sukanya SamriddhiYojana • You can invest in this scheme though your nearby post office or designated branches of participating public and private banks. You will need to submit KYC documents like Passport, Aadhaar Card, etc. along with the required form and initial deposit by cheque/draft. This wide reach is designed to help ensure success of the BetiBachao, BetiPadhaoYojana.

4. Benefits of Investing in Sukanya SamriddhiYojana • Sukanya SamriddhiYojana(सुकन्यासमृद्धियोजना) introduced as part of the BetiBachao, BetiPadhaoYojana initiative, provides investors with a range of benefits. Some of the key benefits of this scheme for benefit of girl child are as follows: •         Provides tax deduction benefits under Section 80C up to Rs. 1.5 lakh annually •         Flexible investment option with minimum deposit of Rs. 250 in a year (max. Rs. 1.5 lakh per annum) •         Guaranteed returns instrument backed by the Government of India (sovereign guarantee) •         Higher fixed rate of return (currently 8.5% per annum for Q4 FY 2018-19) as compared to other government-backed tax saving schemes such as PPF. •         Long term investment hence provides the benefit of compounding •         Can be freely transferred from one part of the country to another (bank/post office) in case of transfer of parent/guardian operating the Sukanya Samriddhi Account.