Sukanya Samriddhi Yojana For Girls: Do You Know Attractive Benefits Of SSY? Check Interest Here – News18

Sukanya Samriddhi Yojana is a particular financial savings plan by the federal government only for ladies. It’s a part of the Beti Bachao Beti Padhao Campaign. The plan is designed to assist with a woman’s training and wedding ceremony prices. The account could also be opened by one of many guardians within the title of a woman baby, who has not attained the age of ten years as of the date of opening of the account.

Sukanya Samriddhi Yojana: Benefits

Under the scheme, a minimal of Rs 1000 and a most of Rs 1,50,000 will be deposited. Some of the advantages related to opening the account underneath the scheme consists of excessive rate of interest, financial savings on revenue tax and lock in interval.

When account reaches the maturity age account stability together with the rate of interest will probably be paid to the coverage holder and lastly the coverage holder receives curiosity even when the scheme reaches maturity.

SSY Features & Sukanya Samriddhi Yojana Interest Rate 2023

• The minimal funding is Rs 250 every year; The most funding is Rs 1,50,000 every year.
• The maturity interval is 21 years.
• At current, SSY has a number of tax advantages and the best price of curiosity amongst all of the small financial savings schemes i.e. 8.0% (for the interval October 01, 2023- December 31, 2023).
• The principal quantity deposited, curiosity earned throughout all the tenure, and maturity advantages are tax-exempt underneath Section 80C.
• The account will be transferred anyplace in India from one submit workplace/Bank to a different.
• Interest fee even after maturity if the account is just not closed.
• A untimely withdrawal of as much as 50% of funding is allowed after the kid reaches the age of 18 years even when she is just not getting married.
• Withdrawal shall be allowed for the aim of upper training of the account holder to satisfy training bills.
• The account will be prematurely closed in case of marriage of a woman baby after her attaining the age of 18 years.
• The account will be transferred anyplace in India from one Post workplace/Bank to a different.

Eligibility For Sukanya Samriddhi Yojana

• The account could also be opened by one of many guardians within the title of a woman baby, who has not attained the age of ten years as of the date of opening of the account.
• Every account holder shall have a single account underneath this scheme.
• An account underneath this scheme could also be opened for a most of two woman youngsters in a single household:

– Provided that greater than two accounts could also be opened in a household if such youngsters are born within the first or within the second order of start or in each, on submission of an affidavit by the guardian supported with start certificates of the twins/triplets concerning the start of such a number of woman youngsters within the first two orders of start in a household.

-Provided additional that the above proviso shall not apply to the woman baby of the second order of start if the primary order of start within the household leads to two or extra surviving woman youngsters.

Who All Can Open Sukanya Samriddhi Account?

Any authorized guardian or mum or dad of a woman baby can open a Sukanya Samriddhi Account on behalf of their woman baby.

Where Can You Open a Sukanya Samriddhi Account For Your Daughter?

Sukanya Samriddhi account will be opened at any of your nearest submit workplaces or at any department of the authorised banks. These banks embody virtually all prime and hottest public sector and personal sector banks like State Bank of India, ICICI Bank, HDFC Bank, Punjab National Bank and many others..

Can A Non-Resident Indian Avail The Sukanya Samriddhi Scheme?

As of now, NRIs not coated underneath the Sukanya Samriddhi Scheme.

Disclaimer: The views and funding ideas by specialists on this News18.com report are their very own and never these of the web site or its administration. Readers are suggested to examine with licensed specialists earlier than taking any funding choices.