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Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is a small savings scheme, backed and promoted by the Government of India. As a parent or legal guardian of a girl child below the age of 10, you can open a Suknya Sammriddhi Account in a post office or authorised bank in the name of the child.
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Deductions on Investment under Section 80C List
Amount invested in Sukanya Samriddhi Yojana (SSY): Investments made towards the Sukanya Samriddhi Yojana are eligible for deductions under Section 80C of the Income Tax Act. The Sukanya Samriddhi Yojana is a savings account scheme which can be opened in the name of a girl child till she reaches the age of 10. An account can be opened for no more than two girls (three in case the first two are twins). With the SSY, one can avail high interest rates of up to 8.5%.