sukanya-samriddhi-yojana

સુકન્યા સમૃદ્ધિ યોજના: 45 રૂપિયાના રોકાણ પર મળશે 65 લાખ સુધીનો ફાયદો | Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana: A Comprehensive Guide | Benefits | How to open | Eligibility criteria | Conclusion

Sukanya Samriddhi Yojana is a popular investment scheme launched by the government of India in 2015. It is a part of the Beti Bachao, Beti Padhao campaign aimed at promoting the education and welfare of the girl child in India. The scheme offers attractive interest rates and tax benefits, making it an ideal investment option for parents looking to secure their daughter’s future. In this article, we will discuss everything you need to know about Sukanya Samriddhi Yojana.

What is Sukanya Samriddhi Yojana?

Sukanya Samriddhi Yojana is a government-backed savings scheme that allows parents to invest in their daughter’s future. The scheme is exclusively available for girl children under the age of 10 years. The account can be opened by the parent or legal guardian of the girl child, and the account will be in the name of the girl child.

The scheme has a tenure of 21 years or until the girl child marries after the age of 18 years. The minimum investment amount is Rs. 250, and the maximum investment amount is Rs. 1.5 lakh per annum. The scheme offers an attractive interest rate, which is revised every quarter. The current interest rate is 7.6% per annum.

Benefits of Sukanya Samriddhi Yojana

Here are some of the key benefits of Sukanya Samriddhi Yojana:

1. Tax Benefits

Investments made under Sukanya Samriddhi Yojana are eligible for tax deductions under Section 80C of the Income Tax Act, 1961. The interest earned and the maturity amount are also tax-free.

2. Attractive Interest Rates

The scheme offers an attractive interest rate, which is revised every quarter. The current interest rate is 7.6% per annum.

3. Long-Term Investment

The scheme has a tenure of 21 years, which makes it an ideal long-term investment option for parents looking to secure their daughter’s future.

4. Flexible Investment Options

Parents can invest a minimum of Rs. 250 and a maximum of Rs. 1.5 lakh per annum in Sukanya Samriddhi Yojana. They can choose to make the investment in lump sum or in instalments.

5. Withdrawal Facility

Parents can partially withdraw the amount from the scheme after the girl child turns 18 years old for the purpose of higher education or marriage.

How to open a Sukanya Samriddhi Yojana account?

Here are the steps to open a Sukanya Samriddhi Yojana account:

  1. Visit the nearest authorized bank or post office and fill out the application form for Sukanya Samriddhi Yojana.
  2. Submit the necessary documents such as the birth certificate of the girl child, identity proof, and address proof of the parent or legal guardian.
  3. Deposit the minimum investment amount of Rs. 250 to open the account.
  4. The account will be opened in the name of the girl child, and the parent or legal guardian will be the guardian of the account.

Eligibility criteria for Sukanya Samriddhi Yojana

Here are the eligibility criteria for Sukanya Samriddhi Yojana:

  1. The scheme is exclusively available for girl children under the age of 10 years.
  2. The account can be opened by the parent or legal guardian of the girl child.

Frequently Asked Questions (FAQs)

What Is The Current Interest Rate For Sukanya Samriddhi Yojana?

The current interest rate for Sukanya Samriddhi Yojana is 7.6% per annum.

Can I Open Multiple Accounts For My Daughter Under Sukanya Samriddhi Yojana?

No, only one Sukanya Samriddhi Yojana account can be opened for a girl child. However, parents can open multiple accounts for their daughters, provided they have more than one girl child.

Is premature closure of the Sukanya Samriddhi Yojana account allowed?

Premature closure of the Sukanya Samriddhi Yojana account is allowed only in case of the girl child’s death or in situations where the account holder is suffering from a life-threatening disease.

Conclusion

Sukanya Samriddhi Yojana is a government-backed savings scheme that offers attractive interest rates and tax benefits. It is a great investment option for parents looking to secure their daughter’s future. The scheme has a tenure of 21 years, which makes it an ideal long-term investment option. The minimum investment amount is Rs. 250, and the maximum investment amount is Rs. 1.5 lakh per annum. Parents can make contributions through multiple channels and can choose to withdraw a partial amount after the girl child turns 18 years old for the purpose of higher education or marriage. Overall, Sukanya Samriddhi Yojana is a great way to invest in your daughter’s future.

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