Sukanya Samriddhi Yojana (SSY) Update: The government has agreed with the postal department regarding the Sukanya Samriddhi Yojana (SSY), which was launched to promote women’s empowerment. Under this scheme, the Rajasthan government will invest ₹30,000 as assistance into the accounts of eligible girls. Sukanya Samriddhi accounts are opened in post offices for girls below 10 years of age.
Half of the amount will be used to create a 5-year fixed deposit (FD) in the name of the girls, which will be renewed for the next five years. The parents of eligible girls under the scheme must obtain a certificate from the state government’s health department. Once this is done, the benefits of the scheme can be accessed by contacting the post office.
Insurance in the Name of Parents
The Sukanya Samriddhi (SSY) account is opened with zero balance. Out of the ₹30,000 provided by the state government, ₹15,000 will be invested in a fixed deposit (FD). In addition, parents will receive insurance coverage worth ₹1,000. The premium for the Pradhan Mantri Suraksha Bima Yojana is currently ₹20 per year. If any parent fails to pay the ₹20 annual premium, the amount will be deducted from the ₹1,000 insurance coverage.
Invest in Sukanya Samriddhi Account Scheme to secure the future of your daughter.
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— State Bank of India (@TheOfficialSBI) January 24, 2023
Benefits of Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana (SSY) is a special savings scheme designed to secure the future of daughters. It offers an attractive interest rate on investments. Additionally, the investment is eligible for tax exemption under Section 80C of the Income Tax Act. This scheme is particularly aimed at providing financial security for the education and marriage of daughters. The scheme runs for up to 21 years, ensuring long-term financial security. As a government-backed scheme, investments in it are safe and secure.
How to apply online for Sukanya Samriddhi Yojana
- Visit the Official Website: Go to India Post or a bank offering SSY.
- Fill in the Application: Choose ‘Sukanya Samriddhi Account’ and provide the required details (girl’s name, DOB, parents’ details, etc.).
- Submit KYC Documents: Upload Aadhaar or PAN for both parents and the girl.
- Make Initial Deposit: Pay a minimum of ₹250 via online banking or debit card.
- Receive Confirmation: After successful application, get a confirmation email/SMS with your account number.