Home |Sukanya Samriddhi Yojana | What are the tax benefits of Sukanya Samriddhi Yojana account ?

What are the tax benefits of Sukanya Samriddhi Yojana account ?

Answer Notify Me - 1 Notifying - 2



Raju Raju
Answered on March 15,2019

These are the benefits of Sukanya Samriddhi Yojana account

  • This account is 100% tax free.
  • We will get exemptions for the deposited amount in this account under section 80c of Income Tax Act.
  • High interest rate is another benefit (8.5%)
  • There is a lock-in period for this account. ie; the account is matured only after 21 years.
  • It is similar to the Public Provident Fund (PPF).
Clap Clap 77
Share Share Answer Share Share
Views 319 views
tesz.in
Hey , can you help?
Answer this question

    • Related Questions

    Try to help us answer..

    Top contributors this week


    User Pic
    Gautham Krishna
    Citizen Volunteer

    User Pic
    PGN Property Management verified
    Real Estate & Documentation Consultant with 21+ years of experience

    User Pic
    Indian Highways Management Company Limited verified
    User Pic
    Tahsildar, Kurnool District, AP / Govind Singh R verified
    User Pic
    Advocate Sreekala B @6282313023
    Civil rights litigation, Eviction litigation, Landlord & tenant litigation, Traffic ticket litigation, Will writing, Criminal Cases, Legal Translation from Malayalam to English, Matrimonial cases Contact No. 6282313023
    See more contributors
    Best Practices while applying for Government services online

    1. Check whether you are eligible to apply for this service.

    2. Check the documents required for application before applying.

    3. Keep the documents in one folder for ease of access.

    4. In case of any doubts, check whether the queries are already answered. You can check the FAQ section of the department website or use platforms like Tesz for this purpose.

    5. Once you have applied, note down the application number to track the status.

    6. Check the time required for the completion of the service. If the service is not completed within the due time, track the status online or reach out to the department.