Tuesday, October 18, 2022

Sukanya Samriddhi Yojana

Sukanya Samriddhi
Yojana

Even in today's date, those people who consider daughters a burden, know about Sukanya Samriddhi Yojana

And as soon as they are born are worried about their education and thinking about the money for their marriage, such people do not need to take much tension now. Because under the “Beti Bachao Beti Padhao” campaign, “Sukanya Samridhi Yojana” has been started by the Central Government for the education and marriage expenses of daughters, through which you can without much of a stretch bear the costs of your little girl's schooling and her marriage.

Will be capable In "Sukanya Samridhi Yojana", you can open a record in the mailing station or approved bank for the sake of your little girl when she accomplishes the age of 10 years. This record for the sake of your girl will prove to be useful when your little girl turns 21 years of age. Assuming you need, you can likewise sort it out for the fate of your little girl. Assuming you have two little girls, you can open this record for the sake of both of you.

Yet, this record can't be opened for three individuals from a similar family. Indeed, assuming you have twins youngsters, you can open 3 records. If you want, even after the daughter turns 18, you can withdraw 50% of your deposit for the daughter's education and her marriage. If your daughter dies for any reason before 21 years, then her account will be closed and the amount deposited in the account will be given to her family along with interest. The interest rate announced by the government in the “Sukanya Samriddhi Yojana” was 9.2% initially, which has been revised in 2017.

How to open Sukanya Samriddhi Yojana account?

At the time of opening the account under Sukanya Samriddhi Yojana, you will have to deposit a minimum of 1000 / -.

In this account, you have to deposit from a minimum of 1000 / - per year to a maximum of 1.5 lakh per year.

You will have to deposit the minimum amount in this account for 14 years from the date of account opening.

If the minimum amount was not deposited in the account, 50/- will be deducted from your account including the minimum amount as a penalty.

It is mandatory to give a birth certificate, address proof, and identity proof of the daughter at the time of opening the account.

The account will mature only after the daughter completes 21 years.

As soon as the daughter turns 10, she will be able to operate it herself and the entire amount of the account will also be in the name of the daughter.

This account will be exempted under section 80-G of income tax, in which the amount invested along with interest and maturity amount will also get tax exemption.

Money can also be deposited in this account by cash, check or demand draft (DD). You can also make checks and DD in the name of the postmaster or bank branch.

Benefits of Sukanya Samriddhi Yojana -

By opening an account in Sukanya Samriddhi Yojana, you will get an interest rate of 2%. For example, if you deposit 1000 / - in the account per month, then in the whole 14 years you will have to deposit a total of 1,68000 / -. With a 9.2% interest rate, as soon as your daughter turns 21, you will get a total of 6,07,128/-. That is, you will have a profit of 4,39,128 in total.

By opening an account under Sukanya Samriddhi Yojana, your money will not be taxed.

The amount received from this account will go a long way in helping you educate your daughter or get her married.