A Sukanya Samriddhi Yojana (SSY) account is exclusively designed for girl children and must be opened before they reach the age of 10. The initial deposit requirement is modest, starting at Rs 250, while the maximum allowable deposit in a financial year is capped at Rs 1,50,000. The SSY account offers an attractive interest rate of 8.2% per annum, which is calculated annually and compounded yearly. (AI image)
