Sukanya Samriddhi Yojana is Taxable or Not: Sukanya Samriddhi Account or the Sukanya Samriddhi Yojana (SSY) is an investment scheme aimed at saving for the financial goals of the girl child. And, if you are considering whether Sukanya Samriddhi Yojana is good or not, read on to know the benefits and the features of the SSY scheme.
What makes it the first choice for most parents is the safety of the investment as it comes with a government guarantee. On top of it, there are tax benefits galore in the SSY scheme. The account may be opened with a minimum initial deposit of Rs 250 and in multiples of Rs 50 thereafter. To keep the SSY account active, one needs to make a minimum deposit of Rs 250 each year. The total amount deposited in an account should not exceed Rs 1.5 lakh.
