Sukanya Samriddhi Yojana (SSY) is a type of savings scheme introduced by the central government of India. It is aimed at encouraging parents or guardians to invest for the future of their daughters. This scheme is a part of the “Beti Bachao Beti Padhao” campaign.
You might have heard of two popular schemes that claim to offer attractive returns and benefits for the girl child: LIC Indiana Policy and Sukanya Samruddhi Yojana. But which one is better for your daughter? How do they differ in terms of features, benefits, eligibility, tax implications, and risks?
In an eagerly awaited announcement, the Union Government has decided to keep the Sukanya Samriddhi Yojana (SSY) interest rate unchanged for the July-September quarter of the financial year 2023-24. Speculations were rife among SSY account holders regarding a possible hike in the interest rate, but the government’s decision has put those expectations to rest. Let’s … Read more