Sukanya Samriddhi Yojana:
- It is a girl child prosperity scheme under ‘ beti bachao, beti padhao’ aktivitas of Prime Minister Narendra Modi.
- This Yojana is to facilitate girl child for proper education and marriage afterwards.
- The account can be opened by the natural or legal guardian in the name of a girl child from the birth of the girl child till she attains the age of 10 years.
- A depositor can open and operate only one account in the name of a girl child under the scheme rules.
- Natural or legal guardian of a girl child can be allowed to open the account for two girl children only. The third account in the name of the girl child can be opened in the event of birth of twin girls, as second birth or if the first birth itself results into three girl children.
- Attractive interest rate of 8.3% is provided at present. Interest rate is regulated by Ministry of Finance from time to time.
- Minimum Rs. 1,000 can be invested in one financial year.
- Maximum investment of Rs. 1,50,000 can be made in one financial year.
- Deposits in an account can be made till completion of 14 years, from the date of opening of the account.
- The account shall mature on completion of 21 years from the date of opening of the account, provided that where the marriage of the account holder takes place before completion of such period of 21 years, the operation of the account shall not be permitted beyond the date of her marriage.
- Investment in Sukanya Samriddhi Yojana scheme is exempted from Income Tax under section 80C. The scheme offers Tax Benefit under Triple regimen ie. Principal, interest and outflow all are tax exempted.
- To meet the financial requirements of the account holder for the purpose of higher education and marriage, account holder can avail partial withdrawal facility after attaining 18 years of age.
Happy Investing !!!
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