SSY Registration Online All

Key futures :

1.About Scheme

2. Caluculater

3.apply online

​Salient features:

Who can open account:

✓By the guardian in the name of girl child below the age of 10 years

✓Only one account can be opened in India either in Post Office or in any bank in the name of a girl child

✓This account can be opened for maximum of two girls in a family. Provided in case of twins/triplets girls birth more than two accounts can be opened

Interest:-

✓The account will earn on the prescribed rate notified by Ministry of Finance on quarterly basis.

✓The interest shall be calculated for the calendar month on the lowest balance in the account between the close of the fifth day and the end of the month

✓Interest shall be credited to the account at the end of each Financial year

✓ Interest shall be credited to the account at the end of each FY where account stands at the end of FY. (i.e. in case of transfer of account from Bank to PO or vice versa)

✓Interest earned is tax free under Income Tax Act.

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