Sukanya Samriddhi Yojana Benefits: The Government of India runs many schemes for the citizens of the country, which benefit millions of people. The objective of these schemes is to improve the standard of living of the people keeping in mind their needs. In this series in the year 2015 ‘Save your daughter, educate your daughter’ The scheme was started with the aim of improving the education of daughters and their future.
To secure the economic future of daughters under this scheme Sukanya Samriddhi Yojana Was started. This scheme works like a savings scheme and proves to be especially helpful for daughters from economically weaker families. This provides financial assistance at important times like higher education and marriage. Come, let us know the important things related to this scheme.
Secure your daughter’s future like this
- Who can open an account?
Under Sukanya Samriddhi Yojana, an account can be opened in the name of two daughters of the family. If there are twin girls, the account can also be opened in the name of three daughters.
Under this scheme, accounts are opened for girls below 10 years of age. The account is opened by parents or guardians in the name of the girl child, so that a good fund can be accumulated at the time of her higher education and marriage. - Interest rates and investment limits
Currently this scheme is offering an annual interest rate of 7.6%. A minimum of ₹250 and a maximum of ₹1.5 lakh can be deposited in the scheme per year.
- Investment and maturity period
Investment in this scheme has to be made for 15 years, while the account matures in 21 years. Partial amount can be withdrawn from the account after the girl turns 18 or passes 10th class. However, withdrawals are allowed only once in a year or in lump sum.
Account opening process
- where to go?
To open an account, parents or guardians have to go to the nearest post office or bank.
- necessary documents
- baby girl birth certificate
- Income certificate of parents
- Certificate of Identity and Address
- fill the form
Get the application form from the bank or post office and fill all the information asked in it. After submitting the application along with all the documents, the account is opened in the name of the girl child.
Benefits of the scheme
- long term savings: This scheme helps in creating a big fund for the future of the girl child.
- tax benefits: In this, tax exemption is available on the deposited amount under Section 80C of the Income Tax Act.
- high interest rates: Compared to other savings schemes, this scheme offers attractive interest rates.
