Sukanya Samriddhi Yojana: Sukanya Samriddhi Yojana has been created to secure a better future for the daughters of the country. Even though the Government of India has started many schemes, this scheme is considered to be the best for the welfare of the daughters of the country.
Under this scheme, you can make your daughters’ future secure by investing money in their name. This scheme was started under the Beti Padhao Beti Bachao Act.
Under Sukanya Samriddhi Yojana, parents can open a bank account for their daughters below 10 years of age. In this account, you can deposit from Rs 250 to Rs 1 lakh annually.
You have to make this investment for 15 years, and after that, this deposited amount will be returned to you when your daughter becomes an adult.
The maturity period under this scheme has been kept at 21 years. When your daughter turns 21, she will get the money deposited in this scheme, which she can use for her education, health, and other needs. This amount can also be helpful in her marriage.
The best thing about this scheme is that you have to invest only a minimum of Rs 250 in a year, which is a big relief for poor families.
Sukanya Samriddhi Yojana Benefits
An account can be opened under Sukanya Samriddhi Yojana for daughters below 10 years of age.
In this scheme, you can deposit a minimum of ₹ 250 and a maximum of ₹ 1,50,000 in a year.
Regular investment has to be made for 15 years from the date of opening the account, no investment is required for the remaining 6 years.
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For the financial year 2024, an interest rate of 8% is available on the deposit amount.
The deposit amount matures after 21 years from the date of opening the account, which can be withdrawn along with interest for the daughter’s education or marriage.
50% of the amount is allowed to be withdrawn for higher education on turning 18 and taking admission to college.
The amount deposited in Sukanya Samriddhi Yojana is tax-free under Section 80C.
Only a maximum of two daughters in a family get the benefit of this scheme.
If the family migrates, the account can be transferred from one bank to another.
Sukanya Samriddhi Yojana Eligibility
Only Indian daughters will be considered eligible under this scheme.
Under the scheme, you will have to deposit a fixed amount annually.
Only a maximum of two daughters in a family will get the benefit of this scheme.
Sukanya Samriddhi Yojana Documents
Daughter’s Birth Certificate
Daughter’s Aadhar Card
Residence Certificate
Parents’ PAN Card
Guardian’s Aadhar Card
Mobile Number
Sukanya Samriddhi Yojana Apply
First of all, you have to go to the nearest bank to open an account under the scheme.
After opening the account, you have to get the application form related to the scheme.
Fill out the form carefully to collect the required information.
Also, attach a copy of the required documents with the application form.
Check the correctness of the form and submit it to the bank.
To submit the application form, an amount of ₹ 250 will also have to be deposited to the bank officials.
Your submitted application form will be checked by the bank officials.
After the acceptance of the application, you will receive the receipt of the application, which you should keep safe.