Features of Sukanya Samriddhi Yojana (SSY)
1. Operation: The account can be used by the guardian or parents unless the girl enters the age of ten. When the daughter reaches the age of 18, she must run the account.
2. Duration of the Scheme: Deposits for the plan should be made over a 15-year period. The system, however, it matures after 21 years.
3. Transfer of Account: Anywhere in India, an SSY accounts can be migrated from the post office to banking institutions and vice versa. There will be no fees associated with the account transfer. However, documentation of residency change is required. If no proof is provided, a â‚ą100 fee will be charged.
4. Mode of Deposit: Deposits to the accounts can be paid via internet transfer, demand draught, check, or cash.