Sukanya Samridhi Yojana interest rate hiked and benefits

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The Sukanya Samriddhi Yojana scheme raised interest rates by 20 basis points for the January-March quarter.

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Benefits of Sukanya Samriddhi Yojana scheme

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(1) the Sukanya Samridhi Yojana offers guaranteed returns.

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(2) An investor can claim income tax benefits on up to ₹1.50 lakh invested in an SSY account 

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 in the single financial year under Section 80C of the Income Tax Act. 

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3)The interest generated through the Sukanya Samriddhi Account (SSA) is tax-free.

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4) The minimum annual contribution to the Sukanya Samriddhi Account is ₹250 and 

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the maximum contribution is ₹1.5 Lakh in a financial year.

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(5) Sukanya Samriddhi account withdrawal and maturity rules After a girl reaches 18 years of age,

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guardians can withdraw money from the account up to 50% of the balance in a financial year. 

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