Salient Features - Small Savings Schemes

Selvamagal Semippu Thittam (SSA)

Limit of Deposit Rs.500 to 1,50,000/-

The above may be paid with in the year at any time

Maturity period 21 years

Girl child from New born baby to 10 years

Account can be opened in the name of female child upto age of 10 years

50% of the deposit amount can be withdrawn if the female child reached the age of 18 years for the purpose of Higher education or marriage.

IT benefit under Sec. 80C

Rate of interest : 8.3 %