Hi Viewers !!! We have good news for all Girl Child, The Minister has given a Yojana for girl child, whose name is ‘Sukanya Samriddhi Yojana‘. ‘Sukanya Samriddhi Yojana‘ is a government sponsored scheme and a savings account which can be used in all post offices and most of the banks. Planning for children’s education and future is an important financial goal for parents, for which savings schemes have been specially made, one of them is the Sukanya Samriddhi Yojana.
Sukanya Samriddhi Yojana
The Sukanya Samriddhi scheme was started in year 2015. More than 1.26 crore accounts were opened in the our country, of which Rs. 19,183 crores was received. The government requires minimum annual deposit requirement for accounts under the dry sanitation scheme. 1,000 to Rs.250. In order to take advantage of the girls’ savings scheme, a large number of people are active. In the year 2016, the Sukanya Samriddhi Yojana has improved the account rules and said that the minimum initial deposit for opening an account is Rs. 250 will be. Under SS (Sukanya Samriddhi) Yojana, a parent or legal guardian can open an account in the name of a child up to ten years of age.
The accounts for the Sukanya Samriddhi Scheme can be opened in any post office branch and designated public sector banks. Minimum Deposit Rs. 250 and the maximum amount deposited in one year is 1.5 lakhs. There is no limit on the number of deposits in the financial year. The account opened under the Sukanya scheme will be valid for 21 years from the date of opening, then it will mature and the name of the girl whose name will be opened will be paid. If the account is not closed after maturity, the remaining amount will continue to make interest earnings from time to time.
An account under this Sukanya Scheme is Less than Rs. 250 rupees per year Contributing to a maximum limit of Rs. 1,50,000 is opened, while Rs. The sum of 1,000 rupees was made to contribute at least the amount of year, it increased to Rs. It was 250, so that it could make more people cheaper.
Sukanya Samriddhi Yojana Withdrawal
The Sukanya Samriddhi Yojana Account started by the Prime Minister Narendra Modi with the view of helping the girl child. If the girl gets married before the completion of 21 years, then the account will be eligible to close automatically. The Sukanya Scheme can be deposited for 14 years from the date of opening of the account, after which the account will be applicable only on interest rates. To withdraw money before 21 years of maturity. Only after the age of 18, that account will be opened by its name. Under Sukanya Samriddhi Scheme, this withdrawal will be limited to 50% of the outstanding balance in the last financial year, and it will be allowed for the purpose of higher education or if the girl wants to get married. Under the scheme, the account opened under this scheme requires at least 14 years or more deposits Should be.
Under Sukanya Scheme, parents can open only one account per girl, and two girls of two girls have two such banks. As the second birth of twin girls, or if first birth itself results in the birth of three girl children, three bank accounts can be opened in the name of three girl children. Under this plan, parents or legal guardians can open an account in the name of the child. At least 250 rupees in the current financial year and maximum of Rs. 1,50,000 can be made, after which all the deposits will be made in multiples of Rs 100.
Sukanya Samriddhi Yojana Deposits
Deposits can create multiple small deposits, no limit on the number of deposits in a month or one year, thus providing flexibility. Under this scheme, the account can be opened for girls upto the age of 10 years and will be closed after 21 years of age. After the completion of 18 years the Premature closure will be allowed. The costs of girl children’s college fees, foreign education, weddings and other needs are increasingly increasing due to each passage, parents need to be smart at the future planning and using this scheme to be smart can explore better savings and investment options.
An account opened under the Sukanya Samriddhi Scheme can undoubtedly be a part of a financial plan because it allows better interest rates. Should be charged 9.1 percent interest rate every year, if in one year Rs. If there is a deposit of 1.5 lakhs, the amount of 78.90 lakhs will be accumulated at the end of 21 years, starting from 14 years from the first year of the child.
Authorised Banks to open accounts
Financial adviser Subba Rao Anupindi said that in addition to a better interest rate, it can be found in all the major banks providing this facility in any post office or designated bank branches. The list of authorised banks to open accounts under Sukanya Samriddhi Yojana is as follows :
- State Bank of India
- Vijaya Bank
- United Bank of India
- Union Bank of India
- UCO Bank
- Syndicate Bank
- Punjab National Bank
- Punjab & Sind Bank
- Oriental Bank of Commerce
- Indian Overseas Bank
- Indian Bank
- IDBI Bank
- ICICI Bank
- Dena Bank
- Corporation Bank
- Central Bank of India
- Canara Bank
- Bank of Maharashtra
- Bank of India
- Bank of Baroda
- Axis Bank
- Andhra Bank
- Allahabad Bank
Account Offer Under Sukanya Samriddhi Yojana
Let us tell you here what the account under this scheme provides?
- Deposits can be made between 250 and 1.5 lakh per year
- No restriction on the number of deposits
- There is an annual interest rate of 8.1 percent
- You can open an account in any post office or designated bank branches
- Under this scheme, exemption from deposits, earned interest and income tax is exempted
The biggest advantage of the Sukanya Samriddhi Scheme is tax exemption. Deposits and income and maturity in the account opened under this scheme will also be exempt from tax under section 80 C of the Income Tax Act. Under this scheme, a parent or guardian can open only one account in the name of a girl child and can open up to two accounts in the name of two different girls. The Sukunya Samriddhi Yojana calculator is also very convenient and useful, there are many things that work against this calculator.