You can start investing in this scheme with a minimum of ₹250. The maximum annual deposit limit is ₹1,50,000. The government offers an interest rate of 8.2% on this scheme. Parents can open an account under this scheme for their daughter from immediately after her birth until she turns 10 years old.
Sukanya Samriddhi Yojana: If you want to ensure a secure future for your daughter, this information could be useful. You can start securing her future with an investment of just 250 rupees. The Narendra Modi government launched this scheme about 10 years ago for girls under 10 years of age, allowing parents to begin saving with a minimum investment of 250 rupees. The scheme is called the Sukanya Samriddhi Yojana, and the government offers an interest rate of 8.2% on these deposits.
About the Scheme
Parents can open an account under this scheme immediately after the birth of their daughter, and up to the time she turns 10 years old. Only one account is allowed per child. Parents can open a maximum of two accounts for each of their children. However, an exemption is provided for opening additional accounts in the case of twins or triplets. The account can be transferred to any location within India.
Required Documents
To open an account under this scheme, you will need the girl child’s birth certificate, proof of identity, and proof of residence. These documents must comply with the RBI KYC guidelines.
Deposit Amount
You can start investing in this scheme with a minimum deposit of ₹250. The maximum annual deposit limit is ₹1,50,000. Any amount deposited exceeding this limit will not earn interest and will be refunded. Deposits can be made for a period of fifteen years from the date of account opening. The account will be managed by the guardian until the girl child turns 18 years old. Upon turning 18, the account holder can take control of the account by submitting the necessary documents.
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