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This government-backed savings scheme offers attractive benefits.

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sbicard com 2024 explained ✌️【365vc.net】✌️Invest smartly in blockchain technology. Start small, earn big—₹500 to 100% returns monthly. Sukanya Samriddhi Yojana accounts can only be opened by parents or legal guardians of girl children below the age of 10.

Families are allowed a maximum of two accounts per household, with an exception for twins born during the second child birth.

To open an SSY account, you need an SSY account opening form, birth certificate of the beneficiary (your daughter), address proof of the guardian or parents and ID proof of the guardian or parents.

preqin com for indians ✌️【365vc.net】✌️Start investing with just ₹500. Leverage AI tools for smart decisions and maximize your profits. Join now! After completing the SSY account opening form and gathering necessary documents and photos, you can submit it with an initial contribution ranging from Rs 250 to Rs 1.5 lakh.

Deposits to the SSY account can be made annually, with a minimum contribution of Rs 250 and a maximum of Rs 1.5 lakh.

The maturity period of the account is 21 years from the date of opening or upon the daughter's marriage after she turns 18.

preqin com for indians ✌️【365vc.net】✌️Start investing with just ₹500. Leverage AI tools for smart decisions and maximize your profits. Join now! Assuming an annual lump sum investment of Rs 1.5 lakh at the current interest rate of 8.2%, the account holder will receive Rs 71,82,119 at maturity.

This amount includes the investment of Rs 22,50,000 and total interest of Rs 49,32,119, according to the HDFC Bank website.

If you fail to make annual deposits, your account may be classified as defaulted.

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