look news india
New Delhi: Many schemes are being run by the government for the bright future of daughters. One of these schemes is Sukanya Samriddhi Yojana. This is an investment plan. In this you can invest for your daughter's education as well as marriage.
Sukanya Samriddhi Yojana offers returns guaranteed by the government. If you are also availing the benefit of Sukanya Samriddhi Yojana, then let us tell you that you will have to deposit minimum balance in Sukanya account before 31st March 2024. Failure to do so will result in your account being closed. Penalty will be imposed on re-opening the account.
What is the minimum balance?
Sukanya Samriddhi Yojana requires minimum balance to be deposited within a financial year. If you do not do this, the account gets frozen and you do not get the benefit of tax benefits.
If you too have not deposited anything in the Sukanya account in the financial year 2023-24, then you should deposit the minimum amount in the account as soon as possible.
You have to deposit a minimum amount of Rs 250 in a financial year in Sukanya Samriddhi Account. In this you can deposit a maximum of Rs 1.50 lakh in a year. If the minimum balance is not deposited, the account will be frozen, after which a fine of Rs 50 will have to be paid to reactivate the account.
Along with this penalty, you will also have to pay the minimum amount to activate the account. The account will be activated as soon as the minimum amount of fine is deposited.
Apart from this, the government has also made Know Your Customer (KYC) mandatory. If you have not done KYC yet, then you should complete this work as soon as possible.
What is Sukanya Samriddhi Yojana?
The central government had started this scheme for the education and marriage of girls. This is a government scheme. In this, you start investing for 10 years from the birth of your daughter. In this scheme, 8 percent interest is given by the government.
This is a tax free scheme. This scheme has been completed in 21 years. However, when the daughter turns 18, you can withdraw half the amount from the Sukanya account. In this scheme you will have to invest continuously for 15 years.