Home > sukanya samriddhi yojana questions > Can I invest INR 150,000 at the beginning of an financial year to avail the maximum interest from Sukanya Samriddhi Yojana or do I need to invest in a monthly basis with INR 12,500?
Can I invest INR 150,000 at the beginning of an financial year to avail the maximum interest from Sukanya Samriddhi Yojana or do I need to invest in a monthly basis with INR 12,500?
A Sukanya Samriddhi Account can be opened any time after the birth of a girl till she turns 10, with a minimum deposit of Rs 250 (Earlier it was Rs 1,000). In subsequent years, a minimum of Rs 250 and a maximum of Rs 1.5 lakh can be deposited during the ongoing financial year.
As the interest is compounded annually, the more time you give your money to grow, the better will be the return. So it is better to invest 1.5 lakh at the beginning of the year than making monthly contributions for the same.
sukanya samriddhi yojana - Recently Asked Questions
How can I change SSY (Sukanya Samriddhi Yojana), account guardian? My wife opened an SSY account in her SBI account. I want to transfer SSY account into my SBI account where PPF, NPS and other things can be managed from one place.
How can I update my daughter’s name in Sukanya Samriddhi Yojana? I have already opened SSY in the post office. Now, I want to add an initial to my daughter’s name on the birth certificate. Can I make the same changes in the SSY account?