Furthermore a few Post Office reserve funds plans moreover offer Wage assess benefits to its endorsers –one such being the Sukanya Samriddhi Account (SSA)​.

Pay charge benefits on Sukanya Samriddhi Account (SSA)​

The Sukanya Samriddhi Account gives major assess benefits to the endorsers. Here are four noticeable ones:

1. Ventures made in Sukanya Samriddhi Account are qualified for charge conclusions beneath Area 80C of the IT act.
2. Finding of up to a constrain of Rs 1.5 lakh is permitted yearly on Sukanya Samriddhi Account.
3. The intrigued that gathers against this account which gets compounded every year is additionally absolved from charge beneath Segment 10 of the Wage Charge Act.
4. The continues gotten upon maturity/withdrawal are too absolved from pay assess.
   
   Sukanya Samriddhi Account can be opened within the title of a young lady child till she achieves the age of 10 a long time.
   
   Account can be opened in Post workplaces and informed branches of commercial banks. The rate of intrigued on Sukanya Samriddhi Account is 7.6​​% Per Annum (with impact from 01-04-2020), calculated on annually premise ,Annually compounded.
   
   Account can be opened with a least of Rs 25​0 and Most extreme Rs 1,50,000 in a money related year. Consequent store in different of Rs 50. Deposits can be made in lump-sum No constrain on number of stores either in a month or in a Budgetary year.