Prime Minister Shri Narendra Modi has started the Sukanya Samriddhi Yojana (SSY Scheme) for the bright future of the girls of the country. If a little girl is born in your house and you are worried about her future, then now you do not need to worry because this Sukanya scheme has been launched by the government to meet the expenses incurred in the future education and marriage of daughters. So, see below the Sukanya Samriddhi Yojana maturity benefits.
Under this scheme, a savings account is opened by the parents before their daughter completes 10 years of age. This account can be opened by the guardian through a bank or post office. In this account, the girl’s parents can deposit from ₹ 250 to 1.5 lakh rupees per year. In the savings account opened under this scheme, the government also gives compound interest on the amount deposited in the account at a fixed rate.
What Is Sukanya Samriddhi Yojana(SSY Scheme)?
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Sukanya Samriddhi Yojana has been started by the Central Government to meet the expenses incurred in future studies, higher education and marriage of daughters so that parents can raise their daughters well without worrying about their future. This is an ambitious scheme started under the Beti Bachao Beti Padhao of the Government of India.
Under Sukanya Yojana, an investment account of their daughter is opened by the parents. In which a minimum of ₹ 250 to a maximum of Rs 1.5 lakh can be invested per year. At present, interest is being provided at the rate of 7.6% on the amount deposited in the Sukanya account. If you want more information related to SSY scheme, then read this article further.
Sukanya Samridhi Yojana 2024 Overview:
Scheme Name: Sukanya Samriddhi Yojana
Launched By: Central Government
Beneficiary: Girls below 10 years of age
Objective: Securing the future of daughters
Benefits: Savings for higher education and marriage expenses of daughters.
Official website: https://www.india.gov.in/sukanya-samriddhi-yojna
Objective of Sukanya Samriddhi Yojana 2024:
The main objective of launching Sukanya Samriddhi Yojana by the government is to secure the future of the girl child. Often, when daughters are born, the parents of poor families get worried about what will be the future of their daughters, they are always worried about the education and marriage expenses of daughters. Sukanya Yojana has been started by the government to free them from all these worries.
Through this scheme, any parent belonging to a poor family can easily open a savings account for the bright future of their daughter and invest in it. With this, when the daughters grow up, they will not have to worry about money and daughters will also be able to become self-reliant.
Features of Sukanya Samriddhi Yojana (SSY):
- The SSY scheme has been started by Prime Minister Narendra Modi for the girls of the country.
- Under this scheme, parents can open a savings account for the bright future of their daughter.
- The savings account opened under this scheme can be operated by the parents of the girl till the age of 10 years.
- In the account opened by the girl’s parents, a minimum of ₹250 to a maximum of ₹1.5 lakh can be deposited per year.
- It is mandatory for the account holder to invest for 15 years in the account opened under Sukanya Yojana.
- If the parents want to withdraw the amount deposited in this account for their daughter’s higher education, then 50% of the deposit amount can be withdrawn after the girl turns 18 years of age.
- If no amount is deposited after opening an account in the name of the girl, then a penalty of ₹50 is imposed on the account every year.
- Investors are provided interest at the rate of 7.6% under the SSY scheme.
- On opening an account under this scheme, you are also given tax exemption as per the Income Tax Act.
- Under Sukanya Yojana, an account can be opened for two girls from a family.
Eligibility for Sukanya Samriddhi Yojana:
- To open an account under this scheme, the girl and her parents should be permanent residents of the country.
- Only two girl child accounts of a family can be opened under Sukanya Yojana.
- To open an account under Sukanya Samridhi Yojana, the girl child should be less than 10 years of age.
- Under this scheme, only one account can be opened in the name of a girl.
Documents Required for Sukanya Samridhi Yojana:
SSY Scheme Required Documents: If you want to open an account for your daughter under Sukanya Samridhi Yojana, then you will need the following documents which you will have to take to the bank or post office. All the documents are as follows –
- The girl child must have a birth certificate.
- Parents’ Aadhaar card / PAN card/identity card.
- Residence certificate.
- Documents sought by the bank or post office.
- Passport-size photo.
Sukanya Samriddhi Yojana Maturity Benefits:
- This is a government saving scheme. Which has been started by the Central Government with the aim of making the future of daughters bright.
- This is a government scheme, so there is no market risk in it. That is, guaranteed returns are available.
- Sukanya Samriddhi Yojana is a small savings scheme started over a long period. In which the benefit of annual compounding is available. That is, good returns are obtained even with less investment.
- Adopted girl child i.e. adopted daughter is also included in it.
- Only two daughters of the family will get the benefit of the scheme.
- Under Sukanya Samriddhi Yojana, the investor can invest according to his financial status. In this, a minimum of Rs 250 and a maximum of Rs 1.5 lakh can be invested in a financial year.
- Some amount can be withdrawn from the account even after the girl turns 18 years of age or passes class 10th. But you can withdraw from the account only once in a year.
- The Government of India has kept the Sukanya Samriddhi Yojana tax-free. The amount invested in it, the interest received on it as well as the amount received on maturity are tax-free. That is, Sukanya Samriddhi Yojana gives tax benefits along with savings to the investors.
- If needed, the account can be easily transferred from one post office to another or from one bank to another. But this is done only when the account holder has moved from the original place. In such a case, they will have to show proof of shifting. After which the account opened under Sukanya Samriddhi Yojana will be transferred.
Conclusion:
If you want to open an account in Sukanya Samriddhi Yojana 2024 for the future of your daughter and want to take advantage of this scheme, then we will provide you with complete information related to the SSY scheme. Like – what is Sukanya Samriddhi Yojana, features of this scheme, its objective, eligibility, necessary documents required to open an account under this scheme, etc. We are going to give detailed information about it. So please read this article of ours till the end.