Sukanya Samriddhi Yojana: An SSY account holder can withdraw up to 50% of the balance available at the end of the previous financial year for educational purposes. This facility becomes available once the girl child turns 18 or passes Class 10, whichever is earlier.
UP has 4.5 million accounts under the scheme with an 11 percent share, compared with 1.6 million by March 2019 and 25,766 in 2015
Celebrating 10 years of Sukanya Samriddhi Account! With 8.2% interest and tax benefits, this scheme secures your daughter's education and marriage funds. Payal Tiwari Sharma tells all about its features, benefits, and expert insights in this detailed explainer. Watch now!
SSY has the EEE tax benefit available to PPF, which provides attractive post-tax returns in the backdrop of negligible risk. It offers parents a good option to provide a solid investment for their daughter. In its category, SSY is a highly attractive investment product.
On September 18, Finance Minister Nirmala Sitharaman rolled out the National Pension System (NPS) - Vatsalya, a scheme meant for parents who wish to create a long-term corpus for their children. But the question here is that whether NPS Vatsalya is better than PPF or Sukanya Samriddhi Yojana, and is it ideal to fund for children's higher education