Women's Day 2019: Here's all you need to know about Sukanya Samriddhi Scheme
Updated : March 08, 2019 02:13 PM IST
The government has kept the rate of interest for Sukanya Samriddhi Yojana at 8.5% per annum, making it lucrative enough for parents and guardians to pour in more money for the security of their girl child. The interest rate is compounded yearly.
Parents and guardians of the girl child could deposit a minimum of Rs 1,000 per annum, going up as much as to Rs 1,50,000 per annum in the Sukanya account. Deposits can be made through cash, cheque, and demand drafts.
All deposits made in the Sukanya account are tax exempted under Section 80C of the Income-Tax Act, 1961.