Sukanya Samriddhi Yojana: To make women and girls self-reliant, the central government runs many schemes (government schemes for women).
The name of one of those schemes is Sukanya Samriddhi Yojana. Recently, the central government has increased the interest rates of many small savings schemes. The interest rates of Sukanya Samriddhi Yojana have also been increased. After this increase, the interest rate of this scheme will be 8.00 percent instead of 7.60 percent. These rates have been implemented for the first quarter of the financial year 2023-24.
Ever since the birth of a daughter, every parent has started worrying about the expenses of her daughter’s education and marriage. In such a situation, to overcome this concern, the Central Government has started the Sukanya Samriddhi Yojana. By investing under this scheme, the girl child can become owner of lakhs at the age of 21. You can deposit Rs 69 lakh for this scheme. Let us know about the eligibility and method of investment in this scheme-
When can accounts be closed?
The account opened under Sukanya Samriddhi Yojana can be closed under the first two circumstances. This account can be closed if the girl child dies or the residential address of the daughter changes. But after the new change, now the deadly disease of the account holder has also been included in it. The account opened under Sukanya Samriddhi Yojana can be closed prematurely even after the death of the parent.
How to open an account?
To take advantage of this scheme, you can open an account by going to any nearest post office or bank. Sukanya Samriddhi Yojana matures in 21 years. However, after the girl turns 18, money can be withdrawn from this account for studies. The full amount is available only after 21 years.
Documents required for Sukanya Samriddhi Yojana-
While opening an account under Sukanya Samriddhi Yojana, it is necessary to give the birth certificate of the girl child to the post office or bank. Also, the identity card and address proof of the girl child and her parents are required.
Partial withdrawal facility is available in SSY account
Under Sukanya Samriddhi Yojana, parents can open an account in the name of a girl child below 10 years of age. If you open the account immediately after the birth of the girl child, you can invest in this scheme till the girl child turns 15 years old. After this, after the age of 18 years of the girl child, 50 percent of the total amount deposited in the account can be withdrawn. At the same time, after the age of 21 years of the girl child, the entire amount deposited from the account can be withdrawn.
Will get 69 lakh rupees at the time of maturity
If you are opening Sukanya Samriddhi account for your girl child in the year 2023, then you will get an interest rate of 8.00 percent. In such a situation, according to the calculator of Sukanya Samriddhi Yojana, when the girl child turns 21, you will get a hefty fund of Rs 69 lakh.
This fund will be available on an investment of Rs 1.5 lakh per annum. By investing in this scheme, you will also get the benefit of tax exemption of Rs 1.5 lakh under Section 80C of Income Tax. If you invest Rs 1.5 lakh annually, then you will have to deposit an amount of Rs 12,500 every month in this account.
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