Sukanya Samriddhi Yojana: This account can be opened with just Rs.250. After this, money can be added to the account in multiples of Rs 100. It is necessary to deposit a minimum of Rs 250 in the account in a financial year.
For the bright future of the daughters of the country, the Modi government had started a unique scheme, which is known as ‘Sukanya Samriddhi Yojana’. This scheme was started under the ‘Beti Bachao, Beti Padhao’ campaign. By joining this scheme, it helps the parents to bear the expenses from the education of their daughters to their marriage. If you join this scheme in this time, then you will get 7.6 percent interest.
Tax exemption is available on investment in the account
Investment in Sukanya Samriddhi Yojana is also exempted from tax under Section 80-C of the Income Tax Act. This means that you can take advantage of tax exemption by investing Rs 1.5 lakh every year. Apart from this, the returns received in the scheme are also tax free. The special thing is that every financial year i.e. till March 31, you can take advantage of tax exemption for the financial year by investing in the Sukanya scheme.
If the daughter is less than 10 years, then get the account opened
Keep in mind that if your daughter’s age is less than 10 years, then you can open Sukanya Samriddhi Account at any time. This account can be opened with a minimum balance of Rs 250. Let me tell you, earlier 1000 rupees had to be deposited for this, but now it is not so. Along with this, Rs 1.5 lakh can be deposited in Sukanya Samriddhi Scheme in any financial year.
Account can be opened in any bank or post office
You can open this account in any post office or bank near you. Also, it can be continued till 21 years of account opening or till the daughter turns 18. After this, when the daughter turns 18, up to 50% of the amount can be withdrawn from this account for higher education.
What are the rules for opening an account?
Under Sukanya Samriddhi Scheme, the parents or guardians of the daughter can get it opened in her name. It can be opened from the birth of the daughter till she reaches the age of 10 years. According to the rules, only one account will be opened for a girl child and money can be deposited in it up to Rs 1.5 every year.
These are the necessary documents
When going to open this account, then definitely give the daughter’s birth certificate to the bank or post office. Without this the account will not be opened. Along with this, the identity card of the daughter and her parents / guardian will also have to be given.
Can deposit such amount
This account can be opened with just Rs 250. After this, money can be added to the account in multiples of Rs 100. It is necessary to deposit a minimum of Rs 250 in the account in a financial year, and a maximum of Rs 1.50 lakh can be deposited. If you want, deposit this amount in one go or you can deposit it in a few times.
Till when can I deposit money?
You can get money deposited in the Sukanya Samriddhi account within 15 years of opening it. After this, you will continue to get interest on it for 6 more years (up to a total of 21 years). For example, if your daughter is 7 years old, then you keep adding money to the account till she turns 22 and interest will continue to accrue on it till she turns 28.
What if you do not get the minimum amount deposited?
If the minimum balance is not deposited in Sukanya Samriddhi account, the account becomes irregular. After this it can be regularized by paying a penalty of Rs 50 per annum. Along with this, the minimum amount to be deposited for every year will also have to be deposited in the account. If the penalty is not paid, then the amount deposited in the account will get the same interest as the savings account of the post office, which is about 4 percent. If more interest has been deposited under this account, then it can also be revised.
How is the amount deposited in the account?
You can deposit money in this account by cash, check or demand draft. For this, the name of both the one who is depositing the money and in whose name the account is opened, it is necessary to write. Apart from this, money can also be deposited in this account through electronic transfer mode, provided that the core banking system is present in that bank or post office. If you are depositing money in this account by check or draft, then after its clearing, interest will start getting on it.