250 rupees is enough to open Sukanya Samriddhi Yojana account. To open accounts, go to the post office and take the form. Sukanya Samriddhi Yojana was started in 2014 to promote girls’ education.
Daughters are the pride of all our homes. The courtyard blossoms with their happiness. Today is National Girl Child Day on Sunday. The Government of India started celebrating National Girl Child Day in the year 2008. If you have a small girl in your house, then a wonderful scheme of the Government of India is for you. Sukanya Samriddhi Yojana- SSY of Modi government is a very popular scheme. This scheme is designed keeping in mind the safe future of daughters. Sukanya Samriddhi Accounts is the highest return scheme of the post office.
How to open e-RD Account in SBI?
The current interest rate on Sukanya scheme is 7.6 percent. Not much interest is found in any post office scheme. Apart from the post office, this scheme can be availed under government, private bank and other government scheme. The special thing about this scheme is that its maturity is 21 years, but the parent has to invest only 14 years in it.
250 rupees is enough to open an account
The amount invested by you in this scheme, you will get three times the profit on maturity. Through this scheme, up to Rs 64 lakh can be raised at the rate of 7.6% per annum. Sukanya Samriddhi Yojana was started in 2014 to promote girls’ education. The purpose of this scheme is to easily meet the expenses of the daughters’ education and their wedding.
250 rupees is enough to open Sukanya Samriddhi Yojana account. To open accounts, go to the post office and take the form. For this, the daughter’s birth certificate is necessary. ID proof of the parent will also be required. In which PAN card, ration card, driving license, passport can be attached with any documents. Parents will also have to submit documents for address proof. In this also, driving license, passport, electricity bill or ration card is valid.
After verification of your documents from the bank or post office, your account will be opened. After the account is opened, passbook is also given to the account holder. A minimum of 250 rupees can be deposited annually in Sukanya Samriddhi Yojana. Earlier, the annual monthly deposit was Rs 1000. A minimum of Rs 250 and a maximum of Rs 1.50 lakh can be deposited annually under the scheme.
Will get three times the profits
At present the interest rate on Sukanya Samriddhi Yojana is 7.6 percent. It will have to deposit Rs 1.50 lakh annually. If these interest rates remain and for 14 years, you deposit Rs 1.50 lakh annually every month. So for 14 years, the total contribution from you on an annual investment of Rs 1.50 lakh will be Rs 21 lakh. In 14 years, this amount will be Rs 37,98,225, according to compounding of 7.6% per annum. After this, for 7 years, this amount will yield 7.6 percent annual compounding. This amount will be around 63,42,589 rupees on 21 years i.e. maturity.
From what age can daughter operate the account
The daughter was previously allowed to operate the account from the age of 10, but according to the new rules, the daughter can now operate the account only when she is 18 years old. Till then the parent will operate the account. After the daughter is 18 years old, the necessary documents have to be submitted in the bank / post office where the account is open.
When can I withdraw money?
You cannot withdraw money before the daughter turns 18. The account becomes mature when he is 21 years old. After the daughter completes 18 years, you get partial withdrawal. Meaning you can withdraw up to 50 percent of the amount deposited in the account. Unfortunately if the child dies, the account will be closed immediately. In such a case, the amount lying in the account is given to the guardian.
