The central government is running many schemes for daughters. One of the schemes is Sukanya Samriddhi Yojana (SSY). The government has increased the interest rate of Sukanya Samriddhi Yojana (SSY) run exclusively for daughters from 7.60 percent to 8 percent. SSY is one of the most popular small savings schemes to secure the financial future of the girl child. SSY account can be operated by any one of the parents or legal guardian of the girl child.
The government launched this scheme for the purpose of financial security for all the daughters of the country. This scheme is for daughters up to 18 years, earlier this limit was only for daughters up to 10 years. If you also want to give a secure future to your daughters, then the best option for this is Sukanya Samriddhi Yojana. Let us tell you that if you make some mistake then there is also a fear of freezing your account.
This mistake can freeze.
Let us tell you that the government has made Aadhaar PAN link mandatory. The news of account freeze due to this mistake is also coming to the fore. Apart from this, it is necessary to submit PAN or Form 60 while opening an account for investment. All accounts opened under this scheme will have to be linked after March 31 by submitting Aadhaar and PAN related information to the post office. The last date for submission of Aadhaar and PAN is September 2023. However, it is believed that the government can extend this date.
What is the maturity period of the scheme
The maturity period of the account depends on the age at which you have opened the account of the girl child. Partial withdrawal facility is available when the girl child turns 18. That is, when the girl child turns 18, up to 50 percent of the amount can be withdrawn. Investors in a financial can avail themselves of tax exemption up to ₹1.5 lakh under the section 80C limit.
Where can the account be opened
Any investor can open Sukanya Samriddhi account in post office or any bank across the country. For this, the child’s birth certificate, identity and residence proof will have to be given.
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