Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana has been started by the Central Government to improve the future of daughters. Sukanya Samriddhi Yojana is a small savings scheme of the Central Government. Which will help in meeting the future expenses of the daughters. This scheme has been started under the Beti Bachao Beti Padhao scheme. Under Sukanya Samriddhi Yojana, parents of girls below 10 years of age can open the account of the girl child under this scheme. Under this scheme, investments can be made starting from Rs 250 to Rs 1.5 lakh. If you also want to invest money for your daughter, then Sukanya Samriddhi Yojana will be a better option for you.

The objective of Sukanya Samriddhi Yojana launched by the Central Government is to secure the future of the daughters of the country. Under Sukanya Samriddhi Yojana, parents or any other guardian of a girl child below 10 years of age can open an account in the name of the daughter. And under this scheme, the government is now giving the benefit of 7.6 percent interest. Accounts of only two daughters of a family can be opened under this scheme. Under this scheme, a minimum of Rs 250 and a maximum of Rs 1 lakh 50 thousand can be invested per year in a year. On investing in this scheme, tax exemption is also available under Section 80C of the Income Tax Act. You can deposit money through cash, cheque, draft or net banking. Under Sukanya Samriddhi Yojana, you will have to deposit money only for 15 years, after that you will not have to pay any money for the next 6 years but the interest rate will keep on adding. After completion of 21 years of the account, the entire money along with interest is returned to the girl for whom The account is opened in the name.

Sukanya Samriddhi Yojana, launched under the Beti Bachao Beti Padhao scheme, offers a variety of benefits. Some important changes have been made under this scheme which are as follows.

•Under Sukanya Samriddhi Yojana, the applicant had to deposit a minimum of Rs 250 annually. But now according to the changes made in this scheme, if you are not able to deposit the minimum amount of Rs 250 due to any reason, then there will be no change in the interest rate of the maturity amount you will receive. Which means you will not be declared default.
• Sukanya Samriddhi Yojana account can be opened only for two daughters, although there was a provision for opening the account of the third daughter also under this scheme, but its benefit was not given under Income Tax Section 80c. But now according to the new change, the third daughter will also be given tax benefit under section 80c.
•Earlier, Sukanya Samriddhi account could be prematurely closed only for two reasons. First, if a child died suddenly. Whereas the second reason was if the daughter got married abroad. But now according to the new rules, Sukanya Samriddhi account can be closed due to some other reasons like if the daughter is suffering from any dangerous disease or if the parents die, the Sukanya Samriddhi account can be closed.
• Regarding operating the account, earlier any girl could operate her account after completing 10 years. But now according to the new change in the rules, now any girl will be able to operate her Sukanya Samriddhi account after she turns 18 years old. That means a girl can run her own account after attaining adulthood.

Eligibility for Sukanya Samriddhi Yojana
•To avail the benefits of Sukanya Samriddhi Yojana, the applicant must be a citizen of India.
•Sukanya Samriddhi Yojana account can be opened by parents or legal guardians in the name of the girl child only.
•The age of the girl child should be less than 10 years at the time of opening the account.
•Not more than one account can be opened for a girl child.
•Accounts can be opened in the name of only two daughters of a family.
•Under this scheme, Sukanya Samriddhi account can also be opened in the name of the adopted daughter.

Documents required for Sukanya Samriddhi Yojana
•Aadhar card of parents
•PAN card
•identity card
•Daughter’s Aadhar card
•Birth certificate
•Address proof
•Passport size photo
•mobile number

Beneficiary:

Sukanya Samriddhi Yojana is a small savings scheme of the Central Government. Which will help in meeting the future expenses of the daughters.

Benefits:

Under this scheme, investments can be made starting from Rs 250 to Rs 1.5 lakh. Under this scheme, the government is now giving the benefit of 7.6 percent interest. On investing in this scheme, tax exemption is also available under Section 80C of the Income Tax Act.