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NexGen School of Financial Market One Hundred Frequently Asked Questions on Basic Finance What is the Sukanya Samriddhi Scheme (SSY)?

What is the Sukanya Samriddhi Scheme (SSY)?

by Dr. Gaurav Sinha , Mr. Vinay Kohli  ·  Unit 38 of 100
The Sukanya Samriddhi Scheme (SSY) is a government-supported savings programme designed to encourage long-term financial planning for the education and future needs of a girl child. The scheme provides competitive interest rates, tax benefits under applicable laws, and a fixed maturity structure, making it a popular long-term savings option for eligible families.