Understanding Sukanya Samriddhi Yojana (SSY)

SSY is a government-backed savings scheme designed for the financial empowerment of a girl child. An account can be opened in the name of a girl child below the age of 10. The key features are:

• Contribution Period: You need to make contributions for 15 years from the date of account opening.
• Maturity Period: The account matures after 21 years from the date of opening.
• Interest: Interest is compounded annually and continues to accrue for the full 21-year period, even after you stop contributing.