SSY Interest Rate: With the beginning of October, the Finance Ministry has changed the rules related to Sukanya Samriddhi Yojana and PPF. Many changes have been made in the Sukanya Samriddhi Yojana (SSY) rules implemented from October 1. According to the new rule, the Sukanya Samriddhi Yojana (SSY) account can be operated only by the daughter’s legal guardian or her parents.
Sukanya Samriddhi Yojana was started by PM Modi in the year 2015. PM Modi had decided to start this scheme keeping in mind the future of daughters, so that parents can be encouraged to start saving for their daughters from an early age.
Only one Sukanya Samriddhi account can be opened in the name of a daughter. In this scheme, the account can be opened with just Rs 250. The government gives more than 8% interest in this scheme. This account can be opened at the time of birth of the daughter or till the age of 10 years.
If you want to open an account in Sukanya Samriddhi Yojana, you can go to the post office near your home or the office of the bank registered under this scheme. A minimum amount of Rs 250 and a maximum of Rs 1.5 lakh can be deposited in this account in a financial year. The account can be operated only by the guardian until the daughter becomes an adult.
Under the new rule, if the account is not operated by the legal guardian of the daughters in Sukanya Samriddhi Yojana, then this account can be closed. Under this, this change was also made, earlier this account could be closed on the death of the daughter or change of address of the daughter. But now the life-threatening disease of the account holder has also been included in it.
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