What are the tax benefits of Sukanya Samriddhi Yojana account ?

These are the benefits of Sukanya Samriddhi Yojana account

• This account is 100% tax free.
• We will get exemptions for the deposited amount in this account under section 80c of Income Tax Act.
• High interest rate is another benefit (8.5%)
• There is a lock-in period for this account. ie; the account is matured only after 21 years.
• It is similar to the Public Provident Fund (PPF).