If you want your girl child’s future to be completely secure, then you should invest in Sukanya Samriddhi Yojana. Investing under this scheme is very safe because it has been started by the Government of India.
Under the scheme, parents or guardians can invest in this savings scheme for their daughter’s education and marriage. A person investing under this scheme gets a very high interest rate. You can open this savings account for girls for up to 10 years.
In today’s article, we are going to provide you all the important information about Sukanya Samriddhi Yojana. We will tell you what are the features and benefits of this investment scheme. Along with this, we will also give you information about what is the eligibility criteria, required documents and application process to avail the benefits of the scheme.
Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana has been started by the Central Government of our country. This budget scheme has been started for the benefit of the girls of the country. For your information, let us tell you that whenever a girl child is born in a house, poor families worry about her education and marriage.
In such a situation, parents can make good savings by investing in Sukanya Samriddhi Yojana for their daughter’s marriage. In this way, the interest under this scheme is also very good which is available at the rate of 8.5%.
Every parent can invest in Sukanya Samriddhi Yojana as per their capacity. Let us tell you that the minimum investment in this can be made from Rs 250 and the maximum amount to invest for this is Rs 1.5 lakh.
Features of Sukanya Samriddhi Yojana
There are many features of Sukanya Samriddhi Yojana launched by the Central Government such as –
- Parents can open an account under Sukanya Samriddhi Yojana in the name of their girl child.
- Under Sukanya Samriddhi Yojana, a girl’s account can be opened only till she attains the age of 10 years.
- SSY account can be opened only once in the name of a girl child.
- Parents can open this savings account by visiting the post office or bank nearest to their home.
- To invest under Sukanya Samriddhi Yojana, you can start this account with Rs 250.
Benefits of Sukanya Samriddhi Yojana
If you start a savings account under Sukanya Samriddhi Yojana, then you get the following benefits from it –
- Higher interest rates are available under Sukanya Samriddhi Yojana.
- Through this investment scheme, you also get exemption on income tax under Section 80C.
- You can transfer your Sukanya Samriddhi Yojana account to any state or city in India.
- If the girl child wishes, she can operate her own savings account after the age of 10 years.
- Investment can be made in Sukanya Samriddhi Yojana for about 15 years.
Eligibility Criteria for Sukanya Samriddhi Yojana
Those parents or guardians who want to invest in Sukanya Samriddhi Yojana for their girl child, then the eligibility criteria for it are something like this –
- Parents can invest in Sukanya Samriddhi Yojana immediately after the birth of their girl child.
- Sukanya Samriddhi Yojana account has to be opened even before the girl child completes 10 years of age.
- A girl child is allowed to open the account only once.
- If there are two girl children in a house, then their savings account can also be opened.
Documents required for Sukanya Samriddhi Yojana
If you want to open an account to invest in Sukanya Samriddhi Yojana, then for this you must have all the following documents –
- birth certificate of girl child
- PAN card of parents or legal guardian
- ration card
- driving license
- identity card
- Address proof
- Three photographs of parents or legal guardian
- three pictures of the girl etc.
How to apply for Sukanya Samriddhi Yojana?
The process of applying for this scheme is as follows –
- First of all you have to go to your nearest post office or bank.
- Now you have to take the form of Sukanya Samriddhi Yojana from the concerned officer.
- Then you have to fill this application form after reading it properly and also attach all the necessary documents in it.
- Now you have to submit your application form along with all the documents and initial deposit amount in the bank or post office.
- In this way, you can start investing for the secure future of your daughter with an investment of Rs 250.
