Sukanya Samriddhi Yojana: The Central Government runs many schemes (Government Schemes for Women) to make women and girls self-reliant.
The name of one of those schemes is Sukanya Samriddhi Yojana (Sukanya Samriddhi Yojana). Recently, the central government has increased the interest rates of many small savings schemes. The interest rates of Sukanya Samriddhi Yojana have also been increased. After this increase, the interest rate of this scheme will be 8.00 percent instead of 7.60 percent. These rates have been implemented for the first quarter of the financial year 2023-24.
Ever since the birth of a girl child, every parent is worried about the expenses of the girl child’s education and marriage. In such a situation, to overcome this concern, the Central Government has started the Sukanya Samriddhi Yojana. By investing under this scheme, the girl child can become the mistress of lakhs at the age of 21. You can collect 69 lakh rupees for this scheme. Let us know about the eligibility and the way to invest in this scheme-
When can accounts be closed?
The account opened under Sukanya Samriddhi Yojana could be closed in the first two circumstances. If the girl child dies or if the address of the daughter’s residence is changed, then this account could be closed. But after the new change, the life-threatening illness of the account holder has also been included in it. The account opened under Sukanya Samriddhi Scheme can be closed prematurely even after the death of the parents.
How to open account?
To take advantage of this scheme, you can open an account by visiting any nearest post office or bank. Sukanya Samriddhi Yojana matures in 21 years. However, after the girl’s age is 18 years, money can be withdrawn from this account for studies. Full amount is available only after 21 years.
Documents required for Sukanya Samriddhi Yojana-
At the time of opening the account under Sukanya Samriddhi Yojana, it is necessary to give the girl’s birth certificate in the post office or bank. Also, the identity card and address proof of the girl and her parents are required.
Partial withdrawal facility is available in SSY account
Under Sukanya Samriddhi Yojana, parents can open an account in the name of a girl child below 10 years of age. If you open the account immediately after the birth of the girl child, then you can invest in this scheme till the girl child turns 15 years old. After this, after the age of 18 years of the girl child, you can withdraw 50 percent of the total amount deposited in the account. On the other hand, after the age of 21 years of the girl child, you can withdraw the entire amount deposited from the account.
Will get 69 lakh rupees at the time of maturity
If you are opening a Sukanya Samriddhi account for your girl child in the year 2023 , then you will get an interest rate of 8.00 per cent. In such a situation, according to the calculator of Sukanya Samriddhi Yojana, you will get a fat fund of Rs 69 lakh after the girl child turns 21 years old.
This fund will be available on an investment of Rs 1.5 lakh annually. By investing in this scheme, you will also get the benefit of tax rebate of Rs 1.5 lakh under Section 80C of Income Tax. If you invest Rs 1.5 lakh annually, then you will have to deposit an amount of Rs 12,500 every month in this account.