Find out now about Sukanya Samriddhi Yojana, which offers higher interest than other savings types. About this course, read thoroughly here and join this scheme now and get benefits. Our central government introduced this scheme on January 22, 2015. This significant savings scheme comes under “Beti Padao-Beti Bachao”. There are already many schemes to save us money. You all know them!
The best scheme among them all is Sukanya Samriddhi Yojana. In this, we can only save for girls! There is no reason for that. In our country, 51.96 percent are males, and only 48.04 percent are females. The main reason for this difference is that many parents see women or girls as a burden!
To eradicate this mindset, the central government has introduced many schemes.
One of them is this Sukanya Samriddhi Yojana! Compared to others, the interest rate is very high! Also, no tax is required to be paid at the time of withdrawal after maturity. Apart from that, they give us 7.6 percent interest per annum on the money we add. In this, you can donate from 250 rupees to one lakh fifty thousand!
Here is an overview of the Sukanya Samriddhi Yojana:
Eligibility: The scheme is open to any parent or legal guardian of a girl child who is less than 10 years old.
Contribution: Parents or guardians can contribute any amount between INR 250 and INR 1,50,000 per year in the Sukanya Samriddhi Yojana account. The account can be opened in any post office or authorized bank branch.
Tenure: The Sukanya Samriddhi Yojana account has a tenure of 21 years, or until the girl child gets married after attaining the age of 18, whichever is earlier.
Interest rate: The interest rate on the Sukanya Samriddhi Yojana account is determined by the government and is reviewed every quarter. The current interest rate is 7.6% per annum.
Tax benefits: Contributions to the Sukanya Samriddhi Yojana account are eligible for tax deductions under Section 80C of the Income Tax Act. The interest earned and the maturity amount are tax-free.
Safe and secure: The scheme is backed by the Government of India, making it a safe and secure option for saving for the education and future of your girl child.
Flexibility: The account can be opened in any post office or authorized bank, and contributions can be made at any time.
Withdrawals: Withdrawals from the Sukanya Samriddhi Yojana account are allowed only after the girl child attains the age of 18. Partial withdrawals are allowed for the purpose of higher education.
The Sukanya Samriddhi Yojana is a good option for parents and guardians who want to save for the future education and marriage expenses of their girl child. It offers a high-interest rate, tax benefits, and the security of being a government-sponsored scheme.
Learn what Sukanya Samriddhi Yojana is and an overview of the scheme
The SSY several benefits, including high-interest rate, tax benefits, & long-term savings for a girl child's future education & marriage expenses.
The criteria to become eligible for SSY, required documents & step-by-step guide on how to apply for the scheme.
Learn about the various deposit options, conditions, and procedures for withdrawal and partial withdrawal of funds from the Sukanya Samriddhi Yojana account.
In this module, we'll compare details Sukanya Samriddhi Yojana with other savings schemes in India.
Get insights on the optimal investment amount and maturity value for your daughter's future financial security
Get a comprehensive understanding of the scheme and clear all doubts in this informative module
- This is a scheme that all parents of girl children must take. The scheme is detailed in this course.
- 250 per year, you can open an account in it, so even those who can't afford to pay a lot it gives an excellent opportunity to save money.
- Anyone with girls at home can use these for their girl's wedding or studies.
- If your child is under ten, you can open it now.
- Know all about Sukanya Samriddhi Yojana.
- What are the qualifications required to save through this scheme? Learn in detail how can open this account.
- Learn how to open this account, where to open this account and the process.
- What to do after the money matures?
- Know fully about the tax benefits of this scheme!
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