Sukanya scheme attractive even without tax benefit

Government has announced several changes for those who want to invest in the Sukanya Samriddhi Yojana (SSY) this financial year. Now, an account can be opened for an adopted daughter. And, only a girl child residing in India can be a beneficiary.

Premature closure of an account, in case of a medical emergency, has been made easier. Deposits can be made till a girl turns 15.

While there have been many investor–friendly changes, the scheme has been affected by the finance ministry’s move to introduce market-linked interest rates in small savings schemes.

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