Sukanya Samriddhi Yojana : Secure the future of Lekki through Sukanya Samriddhi Yojana; With 8.2% interest rate deposit such a large fund
Sukanya Samriddhi Yojana: For parents, higher education and marriage are two very important things for their daughter. If you too are looking for a safe and guaranteed return investment option for your beloved daughter’s bright future, ‘Sukanya Samriddhi Yojana’ (SSY) This is the best way. The scheme, which is part of the Central Government’s ‘Beti Bachao, Beti Padhao’ campaign, currently has an interest rate of 8.2% per annum. is getting, which is much higher than Fixed Deposit (FD) and PPF of many other banks.
Big benefit from small savings
The biggest feature of this scheme is the annual compound interest earned in it. The sooner you open this account in the girl’s name, the more the benefit of interest till her 21st birthday. In this scheme you only have to deposit for 15 years and the interest continues to accrue for the next 6 years (till maturity). Sukanya Samriddhi Yojana
- Minimum Investment: One can continue the account even after depositing only Rs 250 in a year.
- Maximum Investment : You can invest a maximum of Rs 1.5 lakh in a financial year.
- Duration of Investment: 15 years from account opening.
- Maturity Period: On completion of 21 years from account opening.
Benefits of Sukanya Samriddhi Yojana
Highest Government Interest Rate: Sukanya Samriddhi Yojana currently offers a higher interest rate of 8.2% compared to other government schemes or bank fixed deposits (FD). As this scheme earns compound interest, even your small savings turn into a huge fund till the daughter’s marriage or higher education. Sukanya Samriddhi Yojana
Government Guarantee and Complete Security : Your money stays 100% safe as this is a central government official scheme. The ups and downs of the stock market have no effect on this scheme. So parents get guaranteed investment without any risk.
Triple Tax Exemption: Parents get triple tax relief under this scheme. First is that the amount deposited every year is exempted under Section 80C of Income Tax. Second is that the interest accrued every year does not attract a single rupee of tax, and third is that the entire amount received at the time of maturity is completely tax free.
Less investment flexibility: It does not require a huge amount of money to open this account. 250 per year minimum You can continue this account even after depositing. Also, depending on the financial situation, you can deposit any amount in it up to a maximum of Rs 1.5 lakh per year. Sukanya Samriddhi Yojana
Investment for 15 years only: The biggest advantage of this plan is that you don’t have to pay till the girl’s 21st birthday. Deposits have to be made only for the first 15 years after opening the account. For the next 6 years, even if the payment is not made, the entire amount continues to receive interest from the government.
Funding for Higher Education: Premature withdrawal facility of 50% of the total amount in the account for higher education expenses when the girl becomes 18 or completes 10th-12th gets This eliminates the need for parents to reach out to anyone else for the girl’s college fees. Sukanya Samriddhi Yojana
Account opening rules and eligibility
The central government has laid down certain rules and eligibility criteria for opening the Sukanya Samriddhi Yojana account, so that the benefits of the scheme can go directly to the girl child.
Sukanya Samriddhi Yojana
Age Requirement and Eligibility : Age of girl child must be 10 years or less to avail this scheme. Parents can open this account anytime from the time the girl child is born till she turns 10 years old. This account is opened in the name of the girl child only and the guardian (parent or legal guardian) manages the account till she attains 18 years of age.
Limit of accounts per family: According to the regulation, these accounts can be opened only for a maximum of two girls in a family. That is, only one account can be opened for one girl. If twins or triplets are born at the time of first child or at the time of second child, special permission is given to open more than two accounts on submission of official proof.
Non Resident Indian (NRI) Rules : This scheme is mainly for girls who are Indian citizens. The girl must be a citizen of India while opening the account. If the daughter acquires citizenship of another country or becomes a non-resident (NRI) in future, the account has to be closed immediately and no further interest is earned on it. Sukanya Samriddhi Yojana
Necessary documents
To open an account, parents have to go to the nearest bank or post office and apply.
- Official birth certificate of daughter.
- Parent’s Identity Card and Address Proof (eg Aadhaar Card, PAN Card)
- Passport size photographs of daughter and parents
- Medical certificate or affidavit in case of twin girls Sukanya Samriddhi Yojana
Comments are closed.