In the next 15 days, the central government is going to pronounce its verdict on the interest rates of small savings schemes. Actually, the decision on the interest rate of small savings schemes is taken on a quarterly basis. In such a situation, a decision will be taken regarding the interest rate for the next quarter i.e. from April to June. Let us tell you that Sukanya prosperity is also included in small savings schemes. By investing small in this scheme, you can arrange money for your daughter’s future.
What is the special feature of the plan?
Under this scheme, parents can open an account till the age of 10 years after the birth of the girl child. Each child is allowed to open only one account. Parents can open a maximum of two accounts for each of their children. However, more accounts are allowed to be opened in case of twins or three children. Let us tell you that any girl resident of India is eligible for this scheme from opening an account to maturity/shutdown.
These documents are required
Under Sukanya Samriddhi, an account opening form, girl’s birth certificate, proof of identity and residence of residence are necessary as per RBI KYC guidelines. Sukanya Samriddhi account is allowed for girls at any post office or commercial bank branch.
Starts from Rs 250
Sukanya Samriddhi Yojana starts with a minimum deposit of Rs 250. The total annual deposit limit is limited to Rs 1,50,000. Funds can be deposited for a period of up to 15 years from the date of opening the account. Under this scheme, the central government provides interest at the rate of 8.2% per year. Let us tell you that you can apply to withdraw up to 50 percent amount for educational purposes. This withdrawal can be done only when the account holder turns 18 or completes class 10, whichever is earlier.
