The Sukanya Samriddhi Yojana scheme introduced by the Central Government under the Beti Bachao.. Beti Padao program will ensure the golden future of girls. It is noteworthy that the interest rate offered by Sukanya Samaddhi Yojana is much higher than the interest rates offered by banks on savings schemes. Under this scheme, it is revised once a year and announced at the time of Union Budget. It is known that the Center has reduced the minimum investment from Rs.1000 to Rs.250 per year.
Meanwhile, if the minimum investment in this scheme is paid for 14 years at the rate of Rs.1000, after completion of 21 years, i.e. at the time of maturity, Rs.48,821 can be obtained. Also, if you make a minimum investment of Rs.20 thousand per year, you can get Rs.9,36,429 for a 21-year-old, the minimum deposit per year is Rs.250 and the maximum deposit is Rs.1.5 lakh, the limit was relaxed in June last year. The government has decided to pay an annual interest of 7.6 percent.
Closer to… : Girls can do wonders if they are given a pat on the back. The Government of India has made the Sukanya scheme available with the aim of not having any financial difficulties for their studies and future. If you save some amount every month, the same will support the children. Parents can open Sukanya scheme accounts in the name of children from birth to ten years of age. The authorities have provided all necessary facilities to open these accounts in post offices in rural areas. Although the scheme is already ongoing, it has reduced the amount of premium payment for more poor people. This scheme is reaching more people. Meanwhile, 30 thousand people have joined the scheme in Visakha Division.
Online payment options too…: In the past, money had to be paid only where one opened a Sukanya account. This causes difficulties for the guardians. Currently, the government has made it easy to make payments anywhere as the online facility for payments has also become available. Along with this, the account has been allowed to be transferred from one region to another region for free. The amount deposited in this account is exempt from income tax.
Only for two in one family..: The tenure of this account is 21 years. There is an option to open two accounts at the rate of one account per girl child.. Or in case of twin births in one delivery or in case of three girls born at the same time in the first delivery, three girls can join this scheme. If the girl gets married before completing the 21 years age limit then the account will inevitably be closed. Cash will be paid till that day. Minimum 14 years from account opening. Officials say that this is the only scheme that gives the highest interest in the postal department.
The interest earned on the amount saved annually is then added to the savings of the following year and the interest is calculated on this amount again every year. Thus, interest is accrued in the form of compound interest. This will allow the beneficiaries to benefit more. After girls turn 18, 50 percent of the balance in these accounts can be withdrawn for education or marriage. The entire amount in the account can be withdrawn immediately after completing 21 years. Or there is an option to cancel the account after marriage.