Sukanya Samriddhi Yojana 2023 : If you have a little girl in your household, you can invest in Central Government’s Sukanya Samriddhi Yojana to get integrated help during her studies or marriage. Central government’s Sukanya Samruddhi Yojana is a good investment scheme to save for higher education and marriage of daughter below 10 years of age.
Investing money in this great investment option also helps you save income tax. For those who want to stay away from stock market risks and are bothered by falling interest rates in fixed deposits (FD), Sukanya Samriddhi Yojana can prove to be a great move for them.
Sukanya Samriddhi Yojana 2023
Currently, SSY was paying interest at the rate of 7.6%, which is exempt from income tax. Earlier, it also received tax-free interest of up to 9.2 percent. The Sukanya Samriddhi Yojana account, which can be opened with a very small amount, has been launched targeting families who want to deposit money for a child’s marriage or higher education through small savings.
Dipali Sen, certified financial planner, said, “Sukanya Samriddhi Yojana is a very good plan for people who have low income and who do not believe in investing money in the stock market. Capital protection with fixed income is the feature of this scheme.
Objective of Sukanya Samriddhi Yojana
The main purpose of the Sukanya Samriddhi Yojana launched by the Central Government in India is to advance the girls in India in the field of education and also to make them fit for marriage and financially to avoid lack of money. For the poor people of the country, so that the expenses of the daughter’s education and her marriage do not become a burden on their family, they should open a Sukanya Samriddhi Yojana account in the name of the daughter and save money in the saving account in the name of the daughter, and then use it for her education and her marriage. In order to do this, a scheme called Sukanya Samriddhi Yojana has been launched by the Government of India.
This scheme has been launched to encourage the daughters of India to earn a minimum of Rs 250 and above under the SSY scheme.
Eligibility for availing this scheme
Any daughter residing in India whose age is less than 10 years can avail Sukanya Samriddhi Yojana
A girl can open only one account Maximum two accounts can be opened in one family
Exception if twins are both girls then in such exception you can open account for both
Accounts can be opened at Post Offices or branches of defunct banks Account can be opened with a minimum of Rs 250
Either parent can open the account, if the parent is not alive, the legal guardian can also open the account.
After the age of 10, the daughter can operate the account herself
Bank account transfer of Sukanya Samriddhi Yojana can be done from one place to another
Benefits available under Sukanya Samriddhi Yojana
Now we know what is Sukanya Samriddhi Yojana? And for what purpose this scheme is designed, we will now know the importance of Sukanya Samriddhi Yojana.
Under this scheme launched for India and daughters education as well as for you this scheme is launched by Government of India and under Beti Bacha Beti Padhav department to secure their future by investing under this scheme and there are many features of this scheme which are as follows is stated.
To avail the benefit of Sukanya Samriddhi Yojana, the age of the daughter should be ten years or less then she can avail the benefit for this scheme.
To avail Sukanya Samriddhi Yojana account can be opened from post office to bank.
Account can be opened for two or more children in a family under this scheme.
To open an account of Sukanya Samriddhi Yojana, an account can be opened for this scheme with a minimum of Rs 250.
Under this scheme you can invest a minimum of Rs 250 and a maximum of Rs 1.5 lakh in a financial year.
Required documents to avail this scheme
Birth certificate of baby girl
Address proof of parent/guardian
Identity proof of parent/guardian
Three photos of the child and parents
Xerox of PAN card and Aadhaar card of parent/guardian
How to apply?
If you want to take advantage of Sukanya Samriddhi Yojana at home then you can apply for this Yojana by watching the video given below.
With the launch of Sukanya Samriddhi Yojana by the Government of India, Sukanya Samriddhi Helpline number has been launched to help the citizens of India. You can ask questions related to this scheme by using the help line number given below.