Sukanya Samriddhi

A Saving Scheme for Girls Saving for a child’s future can be an inviting task for parents. still, the government of India has launched the Sukanya Samriddhi Yojana( SSY), a saving scheme that aims to promote the weal of the girl child. In this composition, we will bandy everything you need to know about Sukanya Samriddhi, including how it works, its benefits, and eligibility criteria. Table of Contents What’s Sukanya Samriddhi? Eligibility Criteria for Sukanya Samriddhi Age Limit Citizenship Number of Accounts How to Open a Sukanya Samriddhi Account? Documents needed Procedure for Account Opening Deposits and recessions in Sukanya Samriddhi Minimum and Maximum Deposits Interest Rates unseasonable pullout duty Benefits of Sukanya Samriddhi Sukanya Samriddhivs.

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What’s Sukanya Samriddhi? Sukanya Samriddhi Yojana ?

it is a saving scheme launched by the Indian government to encourage parents to save for the future of their girl child. It was launched in 2015 under the Beti Bachao Beti Padhao crusade. The scheme offers a high- interest rate and duty benefits, making it an seductive option for parents who want to secure their child’s future. Eligibility Criteria for Sukanya Samriddhi Age Limit The scheme is applicable to girl children from birth to ten times of age. Parents or guardians can open an account in the name of the girl child until she reaches the age of ten. Citizenship The scheme is only applicable to citizens of India.

Non-resident Indians( NRIs) aren’t eligible to open an account under this scheme. Number of Accounts Only one account can be opened per girl child. Parents or guardians can open a outside of two accounts, but only if they’ve binary girls or triumvirates. How to Open a Sukanya Samriddhi Account? Documents needed To open a Sukanya Samriddhi account, you’ll need the following documents Birth instrument of the girl child Identity evidence of the depositor( parents or guardians) Address evidence of the depositor Procedure for Account Opening You can open a Sukanya Samriddhi account in any post office or authorized bank.

To open an account, you need to follow these way Fill in the account opening form with the necessary details. Submit the needed documents. Make the original deposit, which is a minimum ofRs. 250. Deposits and recessions in Sukanya Samriddhi Minimum and Maximum Deposits The minimal deposit quantum for Sukanya Samriddhi isRs. 250, and the maximum quantum isRs.1.5 lakh per fiscal time. Deposits can be made until the girl child reaches the age of 15 times. Interest Rates The interest rate for Sukanya Samriddhi is reviewed and revised every quarter by the government. As of April 2023, the interest rate is7.6 per annum. unseasonable pullout Partial pullout of over to 50 of the balance is allowed when the girl child reaches the age of 18 times for the purpose of advanced education or marriage. duty Benefits of Sukanya Samriddhi Deposits made in a Sukanya Samriddhi account are eligible for duty deductions under