i am to add more amount to existing ssy plan in the name of my daughter,is it possible to add or increase monthly subscription in ssy. if yes how it will be calculated.
present contribution in ssy- 2500rs per month
want to add 2500rs per month more
Yes you can increase or decrease your contribution to ssy as per your choice. You can choose to deposit different amount everyday if you wish to do so. There is no system of fixed monthly deposits.
Interest is calculated monthly on deposit done before 10th of that month. If you deposited Rs 2500 last month, then interest will be calculated for that. Next month if you deposit Rs 5000 then interest will be calculated for Rs 5000..