For how long do you need to invest?

You can invest for a tenure of 21 years or until your daughter gets married after 18 years.

Where can you find SSA to invest in?

You can find Sukanya Samriddhi Account in Post Offices and all Banks.

What are the interest rates offered by Sukanya Samriddhi Account?

SSA offers a high-interest rate of 8% per annum (as of July 2023). The interest rate is higher than most government investment schemes.

What is the minimum amount you can invest every month in SSA?

You can open the SSA account with a minimum deposit of ₹250/-. You can make any number of deposits in the multiple of ₹50 throughout the year.

There is no need for a heavy lump sum deposit to start the account.

There is no limit on the number of deposits in a year or a month.

Are there any additional returns for the Senior Citizens?

This scheme is for parents to invest in their girl child.

Therefore, there are no additional returns if you are a senior citizen.

For senior citizens, there are special schemes like the senior citizen savings scheme.