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SSY Rules: If you are also investing under Sukanya Samriddhi Yojana 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 parents or legal guardians can operate the daughter's account. If this is not done, the account can be closed. Let's know about the changes in the scheme-
Under this scheme, a major change is going to be implemented from October 1, 2024. This change will apply 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 she will now have to transfer this account to her natural parents or legal guardian. Failure to do so can result in the account being 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 scheme. By investing under this scheme, you get an amount of Rs 69 lakh at the age of 21. For this, according to the current rules, you 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 of Rs 22.50 lakh. That is, you will 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 this scheme, you must be the parent or legal guardian of the girl. You can start investing in Sukanya Samriddhi Yojana for a daughter up to the age of 10 years.
Under special circumstances, Sukanya Samriddhi Account can be opened for three daughters. If your second and third daughters after your first daughter are twins, then you can open an SSY account.
By investing under this scheme, you get 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 Money can be withdrawn for education when the daughter turns 18 years old.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. It is necessary to deposit at least Rs 250 every year in this government scheme. You can open this account with just Rs 250.