Sukanya Samriddhi Yojana: Are you looking for a safe investment plan for your daughter’s future, Sukanya Samriddhi Yojana can be an ideal option for you.
This is a special savings scheme of the Government of India, which aims to secure the future of girl children.
Under this scheme, you can open a savings account in the name of your daughter and make regular deposits in it.
Benefits of Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana offers many benefits, including:
High interest rate: On this scheme, you get a higher interest rate than other savings schemes.
Tax benefits: Investment made in this scheme is eligible for tax benefits under Section 80C of the Income Tax Act.
High returns on maturity: Investment made in this scheme matures after 21 years and you get high returns.
Government guarantee: This scheme is guaranteed by the Government of India, ensuring the safety of your investment.
Eligibility for Sukanya Samriddhi Yojana
The necessary criteria for Sukanya Samriddhi Yojana are as follows:
The girl child should be an Indian citizen
The girl child need to be below 10 years of age
Only one account have to be opened in the name of a girl child
A family can open a maximum of two accounts (one for each girl child)
How to invest in Sukanya Samriddhi Yojana
Follow the following steps to invest in Sukanya Samriddhi Yojana:
Go to any authorized bank or post office.
Get and fill out the application form.
Submit the required documents.
Pay the minimum deposit amount to open the account.
Documents required for Sukanya Samriddhi Yojana
The following documents will be required while applying for Sukanya Samriddhi Yojana:
Birth certificate of the girl child
Guardian’s identity card
Residence certificate
Bank account details
How to invest in SSY
You can deposit a minimum of ₹250 per year in the SSY scheme. The maximum deposit amount is ₹1.5 lakh per year. You may also deposit a whole sum amount.
Maturity of SSY
The maturity period of this great SSY scheme is 21 years. On final maturity, you will get the total amount deposited and the interest get on it.
Sukanya Samriddhi Yojana is a safe and profitable investment option for your daughter’s future. Through this scheme, you can create a strong financial base for your daughter.
If you are worried about your daughter’s future, then Sukanya Samriddhi Yojana can be a good option for you.