Sukanya Samriddhi Yojana: The Government of India has taken an important initiative to promote the education and development of daughters, which is called Sukanya Samriddhi Yojana (SSY). The aim of this scheme is to make the future of the daughters of the country secure and prosperous. Under this scheme, parents or legal guardians can open an account in the name of their daughter. This scheme not only provides financial security to daughters but also underlines their importance in the society.
Sukanya Samriddhi Yojana is a savings scheme specially designed for girl children. Under this scheme, parents or guardians can open an account for girl children up to the age of 10 years. The main objective of this scheme is to secure the future of daughters financially so that there are no financial obstacles in their education and marriage.
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Sukanya Samriddhi Yojana 2024
| Name of the scheme | Sukanya Samriddhi Scheme |
| Start date | 22 January 2015 |
| Objective | Financial assistance for education and marriage of daughters |
| Eligibility | Girls up to the age of 10 years |
| Minimum Deposit Amount | ₹250 per annum |
| Maximum deposit amount | ₹1,50,000 per annum |
| interest rate | as amended from time to time |
| tax benefits | Deposit amount, interest and maturity amount tax-free |
Key features of Sukanya Samriddhi Yojana
- Financial Security: This scheme ensures financial security for the future of daughters.
- High interest rates: Sukanya Samriddhi Yojana offers higher interest rates than other savings schemes.
- tax benefits: Investments made in this scheme offer tax benefits, helping investors reduce their taxable income.
- Financial Discipline: This scheme helps parents to do financial planning for their daughter and inculcate the habit of saving.
- Convenient and accessible: Account can be opened in any post office or authorized banks across the country.
Benefits of Sukanya Samriddhi Yojana
- Assistance in Education and Marriage: Provides financial assistance for the education and marriage of daughters.
- Long Term Savings: This scheme is an excellent option for saving for the long term.
- Government support: Being backed by the government, this scheme is safe and reliable.
Process to open account for Sukanya Samriddhi Yojana
- Eligibility Check: The age of the girl child should be less than 10 years.
- Required Documents: Birth certificate of the girl child, identity proof of the parent or guardian and address verification document.
- Fill out the form: Go to the nearest post office or bank and fill the form.
- Amount deposited: Deposit a minimum amount of ₹250 to a maximum of ₹1,50,000 in the account per year.
- Earn interest: Interest is paid annually on the deposited amount, which can be withdrawn on maturity of the scheme.
