Sukanya Samriddhi Yojana: 74 lakhs will be available for depositing 250-500 rupees every month, get the benefit by filling the form-StudyToper

Sukanya Samriddhi Yojana (Sukanya Samriddhi Yojana) is an important savings scheme launched by the Government of India to ensure the bright future of daughters. The objective of this scheme is to provide financial assistance for the education and marriage of daughters. The scheme is part of the “Beti Bachao, Beti Padhao” campaign and was launched by Prime Minister Narendra Modi in 2015.

In this scheme, parents or parents can open an account in the name of their daughter and deposit large amount through small savings. The special thing is that only ₹ 250 account can be opened in it and a maximum of ₹ 1.5 lakh can be invested. In this article, we will tell you how you can make funds of ₹ 74 lakh for your daughter by depositing ₹ 250- ₹ 500 every month.

What is Sukanya Samriddhi Yojana?

Sukanya Samriddhi Yojana is a long -term savings scheme that helps to financially secure the future of daughters. In this scheme, the age limit of account opening has been set up to 10 years. After opening an account, regular investments have to be made for 15 years, and the account matures when the daughter turns 21 years old.

Brief description of Sukanya Samriddhi Yojana

Benefits of Sukanya Samriddhi Yojana

1. Small savings, big benefits: In this scheme you can start with only ₹ 250.
2. High interest rate: The scheme currently provides around 8% annual interest, which is higher than other savings schemes.
3. Tax exemption: Section 80C of the Income Tax Act gets tax exemption on investment, earned interest and withdrawal.
4. Market Risk Free: This is a government scheme, so your money is completely safe in it.
5. Make girls self -reliant: This scheme provides financial assistance to daughters for education and marriage.
6. Large amount on maturity: If you regularly deposit ₹ 500 per month, then you can get up to ₹ 74 lakh on maturity.

How to open Sukanya Samriddhi account?

If you want to take advantage of this scheme, follow the steps given below:

1. Go to your nearest post office or an authorized bank branch.
2. Fill the “Sukanya Samriddhi account form”.
3. Submit the required documents such as the birth certificate of the daughter, the identity card (Aadhaar card/PAN card) of the parent or guardian.
4. Submit the initial amount of minimum ₹ 250.
5. After opening the account, you will be given a passbook.

Investment and Return Calculation

Example: If you deposit ₹ 500 every month

• Monthly Investment: ₹ 500
• Annual Investment: ₹ 6,000
• Investment period: 15 years
• Interest Rate: About 8%
• Maturity amount: Around ₹ 74 Lakh

Important things:

• It is mandatory to invest regularly for 15 years from the date of opening the account.
• Some amount can be withdrawn when the daughter is 18 years old.
• The account matures when the daughter turns 21.

Rules of Sukanya Samriddhi Yojana

1. Accounts can be opened for a maximum of two daughters in a family. If there are twins, the third account can be allowed.
2. The account can only be opened by Indian citizens; NRIs are not eligible for it.
3. If the minimum annual amount is not deposited, the account is default. A minor penalty will have to be paid to re -activate it.

Required document

1. Birth certificate of daughter
2. Identification proof of parents or guardian (Aadhar Card/PAN Card)
3. proof of address
4. Passport Size Photo

Changes related to Sukanya Samriddhi Yojana (2024)

1. Now only parents or legal parents can operate the account.
2. Grandparents or other relatives can no longer operate the account.
3. The minimum deposit amount is still kept at ₹ 250.

Is Sukanya Samriddhi Yojana real?

The scheme is completely real and supported by the government. There is no fraud as it is directly operated by the post office and banks.

Disclaimer:

This article is written only for the purpose of providing information. Sukanya Samriddhi Yojana is a government scheme and consult your financial advisor before investing in it.