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Sukanya Samriddhi Yojana: Important watch outs Professional

31 March 2022 16:44   Services   Delhi   76 views

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Location: Delhi
Price: Free

The Sukanya Samriddhi Yajona, a government-backed (SSY) is designed to help girls and their financial needs like marriage and education.

However, since the precise age at which she will require the funds is unknown the plan tries not to make any assumptions.

Investors, on other hand, should take note of five key years or time periods prior to purchasing SSY. Think about the girl's age and the remaining time for her education as well as wedding.

The process of opening an account (0-10 years)

A SSY account is only opened by the girl (beneficiary) less than 10 years old at the time of opening the account. A proof of birth date is, therefore, mandatory. The rules allow the opening of two accounts for the two girls within a family. It is not possible to open two accounts for a girl.