Duration of the SSY account

Duration of the Sukanya Samriddhi Account account
The account will remain operative for 21 years from the date of opening of the account or till marriage of the girl child.
Features

• Per girl child only single account is allowed. Parents can open this account for maximum two girl child. In case of twins this facility will be extended to third child
• Minimum deposit amount for this account is ₹ 1,000/- and maximum is ₹ 1,50,000/- per year.
• Money to be deposited for 14 years in this account.
• Interest rate for this account is 9.1%per annum, calculated on yearly basis ,Yearly compounded.
• Interest rate is tied to 10 year Government of India Bond Yield, and will be 75 basis point higher than the respective year's bond yield.
• Passbook facility is available with Sukanya Samriddhi account

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