Let's know about Sukanya Samriddhi Scheme Scheme …
Experts say that for those who want to stay away from the risk of stock market and are worried about falling interest rate in fixed deposits, Sukanya Samriddhi Scheme can be a great step for them. Let us tell you that in Sukanya Samriddhi Scheme, account can be opened by parents or legal guardians in his name. This account opens from the birth of a daughter to the age of 10 years.
According to the rules, only one account can be opened for a girl child and money can be deposited in it. That is, two accounts cannot be opened for a girl child.At the time of opening the account, the daughter's birth certificate must be given in the post office or bank. Along with this, proof of identity and address of daughter and guardian has to be given.
Experts say that this is a very good scheme for those who have low income and who do not believe in investing money in the stock market. Safety of capital with fixed income is the specialty of this scheme.
Where will the account be opened? Under Sukanya Samriddhi Yojana, an account can be opened in any post office or authorized branch of commercial branch. You can also open this account in the country's largest government bank SBI. For this information, click on this link: https://www.sbi.co.in/portal/web/govt-banking/sukanya-samriddhi-yojana
>> You can deposit money in the account with cash, check, demand draft or any other instrument that the bank accepts.
>> For this, it is necessary to write the name of the depositor and the account holder. You can also deposit money in the account through electronic transfer mode.
>> The condition is that there should be a core banking system in that post office or bank. If money is deposited in the account by check or draft, then interest will be paid on it after it is cleared. Whereas in case of e-transfer, this calculation will be done from the day of deposit.
>> Along with the tax rebate on the investments made in this scheme, the returns that come from it are also tax free. 250 rupees is enough to open an account, but later you can deposit money in multiples of 100 rupees.
>> At least Rs 250 should be deposited in any one financial year. In a financial year, no more than Rs 1.5 lakh can be deposited in Sukanya Samriddhi Yojana account or once.
You can withdraw money from the account – Partial withdrawals can be made from the account to meet the financial needs of the account holder.
>> These include work such as higher education and marriage. In this, 50 percent of the amount deposited in the account by the end of the last financial year can be withdrawn. This withdrawal from the account is possible only.
>> If the account holder crosses the age of 18 years. To withdraw money from the account, a written application and admission offer or fee slip in any educational institution is required.
Account can also be transferred This account can be transferred anywhere in the country. The condition is that the daughter in whose name the account is opened is shifting from one place to another.
>> There are no fees in the transfer. For this, proof of shift of account holder or his parent / guardian has to be shown.
>> If no such evidence is shown, then the post office or bank will have to pay a fee of 100 rupees for the account transfer where the account has been opened.
When will the account be closed? After opening the account, this girl child can be operated till the age of 21 or after the marriage of 18 years.
>> The amount can be deposited in SSY account up to 15 years from the day of opening the account. In the case of a 9-year-old girl, when she turns 24, the amount can be deposited.
>> Till the age of 24 to 30 years, when the SSY account matures, the interest will be paid on the amount deposited.
Important things- If the account holder gets married before the completion of 21 years of opening the account, then the amount cannot be deposited in the account.
>> If the account is being closed before the completion of 21 years, then the account holder will have to give an affidavit that at the time of closing the account, his age is not less than 18 years.
>> On submission of passbook and withdrawal slip at the time of maturity, the deposit amount along with interest will be returned to the account holder.
>> Sukanya Scheme Under the account, only an Indian citizen can be opened, who is living here and is also staying here at the time of maturity.
>> Non-resident Indians cannot open an account under Sukanya Samriddhi Yojana. If the girl child moves to another country after opening the account and takes citizenship from there, then the interest on the amount deposited in Sukanya account will stop from the day of taking citizenship.
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