- Compound Interest: It is the interest calculated on the initial principal amount and the accumulated interest of previous periods
- Exempt-Exempt-Exempt (EEE) status: A tax treatment where contributions, investment growth, and withdrawals are exempt from taxation
- Form SSA-1: It is an application form used in India to open a Sukanya Samriddhi Yojana (SSY) account for a girl under 10
- Passbook: A record issued by a bank or post office showing account transactions, deposits, and interest
- Premature Withdrawals: In an SSY, funds can be accessed before the 21-year maturity period, subject to certain conditions
Written by : Knowledge Centre Team
2026-07-28
6890 Views
15 minutes read
Share