Sukanya Samriddhi Yojana: Changes in 5 rules of Sukanya Samriddhi Yojana, know these new rules before depositing money, otherwis
Sukanya Samriddhi Yojana: Any father who has a daughter, that father starts planning for the future of his daughter as soon as she is born. So now there is no need to worry much because now you can secure your daughter’s future by investing in all the schemes run by the government. One such scheme of the Central Government is ‘Sukanya Samridhi Yojana’ (SSY), in which there is also a rebate on investment under 80C. Let us know about the 5 major changes in SSY.
Changes to these rules
The account of ‘Sukanya Samriddhi Yojana’ could be closed earlier on the death of the daughter or change of residence of the daughter. But now the fatal disease of the account holder has also been included in it. The account can also be prematurely closed in case of death of the guardian.
Now the third daughter will also have a secure future
Earlier, the benefit of tax exemption under 80C was available only in the account of two daughters. It was of no use to the third daughter. But now if there are two twin daughters after one daughter, then there is a provision to open an account for both of them as well.
Changes in the rules of interest
There is a provision to deposit a minimum of Rs 250 and a maximum of Rs 1.5 lakh in the account annually. The account becomes default if the minimum amount is not deposited. Under the new rules, if the account is not reactivated, interest will continue to accrue at the applicable rate on the amount deposited in the account till maturity. It was not like this earlier.
Terms of operation of the account
Earlier the daughter could operate the account in 10 years. But according to the new rules, now daughters are not allowed to operate accounts before the age of 18 years. Till this age only the guardian will operate the account.
know this important information
Under the new rules, the provision for refund of wrongful interest in the account has been removed. In addition, annual interest will be credited to the account at the end of every financial year.