look news india
If you also have a daughter at home and you are worried about her future, then now you can be worry free because the government has come up with a scheme for the secure future of your daughter under which you do not have to worry about the future.
Actually, Sukanya Samriddhi Yojana is a savings scheme launched by the Government of India to secure the future of girls. The aim of this scheme is to help girls meet their education and marriage expenses. In this article we will tell the main features and details of this scheme:
Any citizen of the country can invest in this scheme for his daughter aged 10 years or less. Under Sukanya Samriddhi Yojana, any person can deposit a minimum of Rs 250 and a maximum of Rs 1.5 lakh per year.
Eligibility to open an account:
Under this scheme, an account can be opened only in the name of a girl child. The girl child should be less than 10 years of age at the time of opening the account. This account can be opened only in the name of two girls in a family. A third account is allowed only in case of twins or triplets.
Account opening process: The account can be opened in any authorized bank or post office. Birth certificate of the girl child, identity card of the parent or guardian and residence certificate are required to open the account.
Deposit: A minimum deposit of Rs 250 is required to open an account. A minimum of Rs 250 and a maximum of Rs 1.5 lakh can be deposited in a financial year.
Interest Rate: The interest rate determined by the government is applicable to this scheme. The interest rate is revised every quarter. Currently the interest rate is around 7.6% (this rate may change from time to time).
Maturity Period: The account matures when the girl turns 21. However, some amount can be withdrawn for education after the girl turns 18 or after passing 10th class.
tax benefits: The amount deposited in this scheme and the interest earned are eligible for income tax exemption under section 80C. The maturity amount and interest are also tax free.