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Sukanya Samriddhi Account

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SSA is Sukanya Samriddhi Account.

It is a savings scheme (similar to PPF) that can be opened in the name of a girl child who is less than 10 years of age.

The idea is that we accumulate money all through her childhood and use the funds for her higher education or marriage.

Deposits in SSA give tax exemption under Section 80c.

Interest accrued as well as maturity proceeds are tax-free.