SSY Rules: If you are also investing under Sukanya Samriddhi Yojna keeping in mind the future of your beloved daughter, then this news is useful for you. The government has made some changes in this scheme, which is important for you to know. According to the new rules, now only the parents or legal guardians can operate the daughter’s account. If this does not happen, the account can be closed. Let’s know about the changes in the scheme-
A major change is going to be implemented under this scheme from 1 October 2024. This change will be applicable to such Sukanya Samriddhi accounts which have been opened under the National Small Savings Schemes. According to the new rule, if a girl’s account is opened by a person who is not her legal guardian, then he will now have to transfer this account to the natural parents or legal guardian. If this is not done, the account can be closed.
Under the Sukanya Samriddhi Yojana, 8.2 percent interest is being given for the July to September quarter. This is a long term investment plan. By investing under this plan, you get an amount of Rs 69 lakh at the age of 21 years. For this, as per the current rules, you will have to invest Rs 1.5 lakh every year.
According to the current interest rate, if you deposit Rs 1.5 lakh every year for 15 years in this scheme, then you will have to invest a total amount of Rs 22.50 lakh. That is, you get an interest of Rs 46.77 lakh at the rate of 8.2 percent.
Under this scheme, you can open an account for two daughters. To invest under the scheme, you must be the parents or legal guardians of the girl child. You can start investing in Sukanya Samriddhi Yojana for a daughter up to 10 years of age.
In special circumstances, Sukanya Samriddhi Account can be opened for three daughters. If after your first daughter, your second and third daughter are twins, then you can open SSY account.
Investing under this scheme gives you the benefit of tax exemption of up to Rs 1.5 lakh under section 80C. Under SSY, you can withdraw money even before maturity if needed. Money can be withdrawn for education when the daughter turns 18 years old.
Sukanya Samriddhi Yojana (SSY Scheme) was started by PM Modi in the year 2015 keeping in mind the future of daughters. In this government scheme, it is necessary to deposit at least Rs 250 every year. You can open this account with just Rs 250.
