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Monday, October 25, 2021

Sukanya Samriddhi Yojana: Documents, Interest Rate Information

Sukanya Samriddhi Yojana launched by the govt. to protect the interests of daughters under Prime Minister Narendra Modi’s Beti Bachao Beti Padhao, campaign, gives even better returns than the Public Provident Fund (PPF)! This scheme provides safe and tax benefits like PPF! Apart from this, many government banks also provide this facility! For this, you have to provide Sukanya Samriddhi Account opening form, birth certificate of the girl child, parents’ identity card! As an identity card, you can use Aadhaar card, PAN card, ration card, passport and driving license Can give document Apart from this, the person who opens the account will also have to provide his address proof!

Sukanya Samriddhi Yojana Documents

250 rupees is enough to open Sukanya Samriddhi Account. Later money can be deposited in multiples of 100 rupees. One has to deposit at least 250 rupees in a financial year! Similarly, maximum of 1.5 lakh rupees can be deposited in Sukanya Samriddhi Account at one time or several times! You can deposit money for 15 years from the day of opening of Sukanya Samriddhi Account (SSY Account)! In case of 9 year old daughter, money can be deposited till she turns 24 years old! Till the age of 24 to 30 years, daughter gets interest on the amount deposited in Sukanya Samriddhi Account (SSY Account)!

If there is no minimum deposit in the Sukanya Samriddhi Account (PM Shukanya Samriddhi Scheme) it becomes irregular! This can be regularized by paying a penalty of 50 rupees a year! With this, the amount to be deposited at least for every year will also have to be put in the account! If you do not pay the penalty, you will get interest equal to the post office saving account on the amount deposited in Sukanya Samriddhi Yojana (PM Shukanya Samriddhi Yojana)! This is about 4 percent now! If interest has been paid more on Sukanya Samriddhi account then it can be revisited!

Rules in lieu of Sukanya Samriddhi Yojana

The government has recently made some changes in this scheme! According to the new rules, if the account holder does not deposit even the minimum amount of Rs 250 in a financial year! Then it is put in the default account category! However, till the maturity date of the account, if the account is not activated. So the rate of interest applicable to the scheme on such default account will be given! Premature closure of the account will be allowed on the basis of death or mercy of the girl child. According to the new rules, the girl child will not be allowed to handle SSY account till she attains the age of 18 years!

What is SSY and how to invest

Under this scheme, any of the parents or legal guardians can open an SSY account for a girl child! That too when she is 10 years old! SSY accounts can be invested up to Rs 1.5 lakh in a financial year! SSY says up to 15 years can be contributed! While its validity is 12 years! However for higher education when the daughter turns 18, some money is allowed to come out of the scheme! Also if the beneficiary girl gets married after the age of 18! So SSY account can be created before 21 years of age!

Some special points of Sukanya Samriddhi Yojana

To open an account under the Sukanya Samriddhi Yojana (PM Shukanya Samriddhi Scheme), proof of birth of the girl child must be a certificate or Aadhaar card of the eligible child’s seal!

You can open Sukanya Samriddhi Yojana account at the post office! Apart from this, you can find out about this scheme in the bank too! Most of the banks have been authorized by the government to open this account!

In a single account, you can invest a maximum of 1.5 lakh rupees and at least 250 rupees in a financial year!

Sukanya Samriddhi Yojana (PM Shukanya Samriddhi Yojana) is getting an interest rate of 7.6 percent at this time. The interest that remains at the time of opening the account At the same rate, interest is paid during the entire investment.

For 21 years, this amount will increase to about 64 lakh rupees with interest! There can be many changes in the interest rate till maturity on the Sukanya Samriddhi Yojana (PM Shukanya Samriddhi Scheme).

If not Aadhaar Card! So the ration card driving license, electricity bill, passport etc. have also been authorized as valid documents.

At the current interest rate, if every financial year, 1.5 lakh rupees is deposited for 15 years! So the total amount deposited by you on this will be Rs. 2250000 and interest on it will be Rs. 4136543.

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