Sukanya Samriddhi Yojana: Key Rules Before Opening Account for Your Daughter

• Sukanya Samriddhi Yojana (SSA) is a government-backed small savings scheme for a daughter's education or marriage, offering higher interest rates and tax benefits.
• Account can be opened for a girl child under 10 years by parents/guardians; only one account per child, maximum two per family (with exceptions for twins/triplets).
• Minimum annual deposit of 250 rupees, maximum 1.5 lakh rupees per financial year; deposits required for 15 years, interest accrues until maturity at 21 years.
• Interest rate set quarterly by the government; partial withdrawals allowed for higher education after 18, full withdrawal for marriage after 18.
• Scheme falls under EEE category: investments deductible under Section 80C, interest tax-exempt, and maturity amount tax-free, but funds are locked in long-term.