What are the tax benefits of Sukanya Samriddhi Yojana account ?

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).

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