Merits & Demerits of Sukanya Samriddhi Account Yojana

Merits & Demerits of Sukanya Samriddhi Account Yojana

Merits of Sukanya Samriddhi Account Yojana :

    • Higher rate of Interest at 8.5%, plus since the scheme is run by Government, it is a safe investment.
    • Tax benefit in terms of EEE exemption. i.e. Deposit in the scheme, Interest earned, and Maturity sum all 3 are tax exempt. Deposit in scheme is exempt under Sec 80C.
  • Scheme is focused on Girl’s education and marriage expense, so mentally it is easy for investor to relate to the scheme and keep their investment locked for such a long time.

Demerits of Sukanya Samriddhi Account Yojana:

    • Lock in period of 21 years is very high
    • Although the present interest rate of 8.5% is quite high, it is not fixed, and maybe decreased in future.
    • This scheme does not offer any insurance facility.
  • Liquidity is very low and loan facility is also not available.

But it is too early to comment on SSY scheme, as government can bring in more attractive features in future. This might make the scheme more lucrative, as the government has very good intention towards the empowerment of girl child.
sukanya samriddhi yojana

Related Questions –

Openseo plugin asked 2 hours ago
1 views0 answers0 votes
OpenD.S.NARAYANA asked 1 day ago • 
10 views0 answers0 votes
OpenShivani asked 2 days ago • 
19 views0 answers0 votes
AnsweredSindhu asked 9 months ago • 
648 views1 answers0 votes
AnsweredPankaj Thakur asked 9 months ago • 
346 views1 answers0 votes
AnsweredNeha asked 9 months ago • 
581 views1 answers0 votes
AnsweredD. Francis Murin asked 5 months ago • 
371 views1 answers0 votes
Answeredvivek asked 9 months ago
285 views1 answers0 votes
Answeredb.ashok asked 8 months ago • 
342 views1 answers0 votes
Answeredb.ashok asked 8 months ago • 
636 views1 answers0 votes
Answeredjo asked 7 months ago
639 views1 answers0 votes
AnsweredAbhishek Bhowmik asked 7 months ago • 
431 views1 answers0 votes
Answeredchandra pal sharma asked 7 months ago • 
306 views1 answers0 votes
Answeredsaurabh pandey asked 7 months ago • 
319 views1 answers0 votes
AnsweredDinesh jangid asked 6 months ago • 
545 views2 answers0 votes
AnsweredAshwani asked 5 months ago • 
231 views1 answers0 votes
AnsweredS S Betadur asked 4 months ago • 
488 views1 answers0 votes
AnsweredVijay kala asked 2 weeks ago • 
78 views1 answers0 votes
OpenHimanshu asked 1 week ago • 
40 views0 answers0 votes
AnsweredNagarajan asked 7 months ago • 
294 views1 answers0 votes
Answeredjean asked 7 months ago • 
310 views1 answers0 votes
AnsweredPreeti asked 6 months ago • 
236 views1 answers0 votes