Sukanya Samriddhi Yojana: A tax-free small savings scheme for the girl child

What is Sukanya Samriddhi Yojana?
The Sukanya Samriddhi Yojana (SSY) is a tax-free small savings scheme for the girl child. It was launched on January 22, 2015. The parents or legal guardians of girls aged 10 or below can open an SSY account in the name of the girl child in designated branches of public-sector banks or in a post office, with a minimum amount of Rs 250.