Sukanya Samriddhi Yojana Tax Benefits & Deductions

Introduction The Sukanya Samriddhi scheme was launched by the Indian Government to promote girl child education. This scheme encourages parents or guardians to save from a young age of the girl towards her higher education and marriage expenses.
The account requires a minimum deposit of Rs 250 in a financial year which can be taken to a maximum of Rs 1.5 lakhs in a financial year. Further, the interest accrued is higher than most saving schemes at 8.4%. However, the most attractive benefit is certainly the tax exemptions that this scheme offers.