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Investing for the girl child: How can Sukanya Samriddhi Yojana (SSY) help?
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In view of rising costs, there are many ways in which parents can save and invest to provide a better life to their girl child. However, most of the investment options come with certain associated risks or limits. No parents would like to take any risk while saving money to secure the financial future of their girl child. If you are also looking to save for your girl child then Central Government’s Sukanya Samriddhi Yojana (SSY) is something you must take a look at.
SSY is a government-backed deposit scheme aimed at saving for the financial goals of the girl child. The returns under the scheme are guaranteed by the government. Moreover, parents can also enjoy tax benefits on the amount deposited in an SSY account.
At present, SSY is offering
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