Today is National Girl Child Day i.e. National Girl Child Day. If you have a small child in your home, then you can invest in the Sukanya Samriddhi Yojana (Sukanya Samriddhi Yojana) of the Central Government to get lump sum help at the time of her education and marriage. The Central Government’s Sukanya Samriddhi Yojana is a good investment plan for a child below 10 years of age to save for higher education and marriage. Let’s know everything about this plan ..
Under Sukanya Samriddhi Yojana, an account can be opened before the birth of a girl child with a deposit of at least Rs 250 before the age of 10 years. Putting money in this great investment option also helps you save income tax. For those who want to stay away from stock market risk and are worried about falling interest rates in fixed deposits (FD), Sukanya Samriddhi Yojana can be a great step forward. Funds can also be deposited in Sukanya Samriddhi Yojana account by cash, check, demand draft or any instrument that the bank accepts.
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What is Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana (SSY) is a small savings scheme of the Central Government for daughters, launched under the Beti Bachao-Beti Padhao scheme. Sukanya is the best interest rate scheme among small savings schemes. At present, interest is being paid at the rate of 7.6% per cent in SSY with income tax rebate. Earlier, it also got tax-free interest of up to 9.2 per cent. Sukanya Samriddhi Yojana account opened with very small amount has been started keeping in mind the families who want to deposit money for child’s marriage or higher education through small savings.
How to open an account
Under Sukanya Samriddhi Yojana, an account can be opened before the birth of a girl child with a deposit of at least Rs 250 before the age of 10 years. In the current financial year, a maximum of Rs 1.5 lakh can be deposited under Sukanya Samriddhi Yojana. Under Sukanya Samriddhi Yojana, the account can be opened in any post office or authorized branch of commercial branch. After opening Sukanya Samriddhi Yojana account, it can be run till the girl child turns 21 or she is married after the age of 18 years.
How many accounts can be opened
Sukanya Samriddhi Yojana accounts can be withdrawn up to 50 per cent in terms of expenses for higher education of a child after the age of 18 years. Sukanya Samriddhi Yojana Account Opening Rules Sukanya Samriddhi Yojana Account can be opened by the parents or legal guardian of the child before the age of 10 years in the name of Girl Child. According to this rule, only one account can be opened for a girl child and money can be deposited in it. Two accounts cannot be opened for a girl child.
Documents required to open an account
At the time of opening Sukanya Samriddhi Yojana, it is necessary to give the girl’s birth certificate to the post office or bank. Along with this, proof of identity and address of the child and guardian is also required. 250 rupees is enough to open Sukanya Samriddhi Yojana account, but later money can be deposited in multiples of 100 rupees. At least Rs 250 should be deposited in any one financial year. In a single financial year, no more than Rs 1.5 lakh can be deposited in an SSY account or once.
Online transfer
For online transfer, it is necessary to mention the name of the depositor and the name of the account holder. The amount in Sukanya Samriddhi Yojana account can also be made through electronic transfer mode, if the post office or bank has a core banking system. You can transfer money from post payment bank account to this account. If the amount in Sukanya Samriddhi Yojana account is repaid by check or draft, then interest will be paid on it after the amount is cleared in the account, whereas in case of e-transfer it will be calculated from the day of deposit.
Via IPPB App
For this, you have to connect your savings account to the IPPB account. Now you have to go to DOP Product. Here Sukanya Samriddhi Yojana account has to be selected. Now you have to enter SSY account number and DOP customer ID. Now select your installment period and amount. After the payment is successful, you will get the information through the IPPB notification.
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