Sukanya Samriddhi Yojana 2023 : Sukanya Samriddhi Yojana complete information
Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is a long-term savings scheme that aims to promote financial security of girls and help them achieve their goals in life. It is a valuable tool for parents who want to save for their daughters’ education and marriage expenses and also avail tax benefits.
What is Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is a small savings scheme launched by the Government of India in 2015 as part of the “Beti Bachao, Beti Padhao” campaign. The scheme is designed to encourage parents to save for their daughters’ education and marriage expenses. It is available to families with female children below 10 years of age and can be opened at any post office or authorized bank branch.
Under this scheme, parents can open a Sukanya Samriddhi account in the name of their daughter and deposit money in it regularly. The account earns an interest rate set by the government, which is reviewed and announced annually.
Amount deposited in the account is eligible for tax benefits under Section 80C of the Income Tax Act. An account can be opened with a minimum deposit of INR 250 and there is no maximum limit on the amount that can be deposited. The account matures when the girl turns 21 or the account holder gets married, whichever is earlier.
Sukanya Samriddhi Yojana is a long-term savings scheme that aims to promote financial security of girls and help them achieve their goals in life. It is a useful tool for parents who want to save for their daughters’ education and marriage expenses and also get tax benefits.
When did Sukanya Samriddhi Yojana Start?
Sukanya Samriddhi Yojana was launched by the Government of India in 2015 as part of the “Beti Bachao, Beti Padhao” campaign. The scheme was introduced with the objective of promoting financial security of girls and encouraging parents to save for their daughters’ education and marriage expenses.
It is available to families with girls below 10 years of age and can be opened at any post office or authorized bank branch. The scheme is widely popular and has contributed to the financial security of many girls in India.
What is the Present Interest Rate in Sukanya Samriddhi Account Scheme?
The interest rate on Sukanya Samriddhi Yojana accounts is fixed by the Government of India and is reviewed annually. The current interest rate on Sukanya Samriddhi Yojana for the period 2022 – 2023 is 7.6% per annum. This rate is applicable to all accounts opened under the scheme during this period.
It is important to note that the interest rate on Sukanya Samriddhi Yojana accounts is subject to change and may vary from year to year. The interest rate is announced annually by the government and is applicable for the entire financial year.
Sukanya Samriddhi Yojana accounts offer higher interest rates compared to other small savings schemes like Public Provident Fund (PPF) and National Savings Certificate (NSC). They also offer tax benefits under Section 80C of the Income Tax Act, making them a useful tool for girls to save for their future financial needs.
Documents Required for Sukanya Samriddhi Yojana
To open a Sukanya Samriddhi Yojana account, you will need to submit the following documents:
Application Form: You have to fill the application form to open Sukanya Samriddhi Yojana account. The application form can be obtained from the bank or post office where you are opening the account or can be downloaded from the official website of the scheme.
Birth Certificate of Baby Girl: You have to submit the birth certificate of baby girl as proof of her age. The birth certificate should be issued by the concerned authorities and should contain the girl child’s name, date of birth and other relevant details.
Proof of identity and address of parent or guardian: You have to submit your identity and address proof to open a Sukanya Samriddhi Yojana account. Acceptable documents for proof of identity include PAN Card, Aadhaar Card, Voter ID Card or Passport. Acceptable documents for proof of address include a utility bill, bank statement or rental agreement.
Passport size photograph of girl child: When you open an account, you have to submit a passport size photograph of girl child as part of the documentation. The photograph should be a recent, passport-size photograph of the girl and should meet the necessary requirements.
It is important to ensure that you have all the necessary documents and information ready when you apply for a Sukanya Samriddhi Yojana account. This will help speed up the process and ensure that the account is opened smoothly.
The objective of Sukanya Samriddhi Yojana Objective of Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana aims to encourage parents to save for their daughter’s education and marriage expenses from an early age. The scheme is designed to provide financial assistance for these expenses and promote the well-being of the girl child.
Sukanya Samriddhi Yojana is a long-term savings plan open to children up to 10 years of age. This scheme allows parents to deposit into the account and earn interest on the deposits. Up to 21 years from the date of account opening or girl at marriageable age The account has a maturity of up to 10 days, whichever is earlier.
Sukanya Samriddhi Yojana offers many benefits to the account holder including tax exemption, high interest rate and flexibility in terms of deposits and withdrawals. The scheme also provides an opportunity for the girl child to secure her financial future and achieve financial independence.
Overall, Sukanya Samriddhi Yojana aims to encourage parents to save for their girl child’s education and marriage expenses and to provide financial assistance for these expenses. The scheme promotes the girl child’s well-being and helps secure her financial future.
Sukanya Samriddhi Yojana Benefits | Benefits of Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana has several benefits for parents who want to save for their daughters’ education and marriage expenses:
Higher interest rate: Sukanya Samriddhi Yojana accounts offer higher interest rates compared to other small savings schemes like Public Provident Fund (PPF) and National Savings Certificate (NSC).
Tax Benefits: Deposits in Sukanya Samriddhi Yojana accounts are eligible for tax benefits under Section 80C of the Income Tax Act.
Long Term Savings: Sukanya Samriddhi Yojana is a long term savings scheme which matures when the girl turns 21 or when the account holder gets married, whichever is earlier. This makes it a useful tool for girls to save for their future financial needs.
Easy to open: Sukanya Samriddhi Yojana accounts can be opened at any post office or authorized bank branch with minimum documents.
Safe and Secure: Sukanya Samriddhi Yojana accounts are backed by the Government of India and provide a safe and secure way to save for girls’ future needs.
Overall, Sukanya Samriddhi Yojana is a useful tool for parents who want to save for their daughters’ education and marriage expenses and also get tax benefits. It is a long-term savings scheme that promotes financial security of girls and helps them achieve their goals in life.
How to open Sukanya Samriddhi Yojana account? | How to open Sukanya Samriddhi Yojana account?
To open a Sukanya Samriddhi Yojana account, you will need to follow these steps:
Check Your Eligibility: Sukanya Samriddhi Yojana is a savings scheme for girl child which is open to children upto 10 years. You can open an account in the name of only one girl child.
Collect Required Documents: When you apply for Sukanya Samriddhi Yojana account you will need to have the following documents ready:
Application Form: You can get the application form from the bank or post office where you are opening the account or download it from the official website of the scheme.
Birth Certificate of Baby Girl: You have to submit the birth certificate of baby girl as proof of her age.
Proof of identity and address of parent or guardian: You have to submit your identity and address proof to open an account. Acceptable documents include PAN Card, Aadhaar Card, Voter ID Card or Passport.
Passport size photograph of girl child: You have to submit a passport size photograph of the girl child as part of the documentation.
Visit a Bank or Post Office: You can open a Sukanya Samriddhi Yojana account at any authorized bank or post office. You will need to visit a bank or post office in person to open an account.
Submit application form and documents: To open a Sukanya Samriddhi Yojana account you will need to submit the completed application form and required documents to the bank or post office.
Make an initial deposit: To open an account you will need to make an initial deposit in the Sukanya Samriddhi Yojana account. The initial deposit can be made in cash, by check or through an electronic mode such as internet banking or mobile banking.
Wait for account opening: The bank or post office will process the application and open the Sukanya Samriddhi Yojana account once all required documents and initial deposit are received. You will receive a passbook or account statement as proof of account details.
Overall, opening a Sukanya Samriddhi Yojana account is a simple process. You will need to check your eligibility, collect necessary documents, visit a bank or post office, submit an application form and documents and make an initial deposit to open an account.
Where to open Sukanya Samriddhi Yojana account? | Where to open Sukanya Samriddhi Yojana account?
You can open a Sukanya Samriddhi Yojana account in any authorized bank or post office. Sukanya Samriddhi Yojana is a girl child savings scheme administered by the Government of India and is available at banks and post offices across the country.
To open a Sukanya Samriddhi Yojana account, you will need to visit the bank or post office in person and submit the required documents and initial deposit. You can open an account in the name of only one girl child, and the account should be opened in the name of the girl child only.
You can choose to open a Sukanya Samriddhi Yojana account in a bank or post office depending on your convenience and the special facilities and benefits offered by the bank or post office. Some of the factors to consider when choosing a bank or post office to open an account include the location, accessibility and customer service of the bank or post office.
Overall, you Sukanya Samriddhi Yojana in any authorized bank or post office in India
can open an account. It is important to choose a bank or post office that is convenient and offers the necessary facilities and benefits to meet your needs.
How Many Days It Will Take to Open Sukanya Samriddhi Account?
It usually takes about a week to open a Sukanya Samriddhi Yojana account after submitting the required documents. The actual time it takes to open an account may vary depending on the bank or post office where you are opening the account and the availability of required documents.
To open a Sukanya Samriddhi Yojana account, you will need to visit a post office or an authorized bank branch and fill the required application form. Along with the application form, you will need to submit supporting documents such as the birth certificate of the girl child, proof of identity and address of the parent or guardian who opened the account and a passport-size photograph of the girl child.
Once you submit the required documents, the bank or post office will process the application and open a Sukanya Samriddhi Yojana account. You will be given a passbook or account statement, which you can use to track your deposits, withdrawals and accrued interest.
It is important to ensure that you have all the necessary documents and information ready when you apply for a Sukanya Samriddhi Yojana account. This will help speed up the process and ensure that the account is opened smoothly.
Is it Safe to Open Sukanya Samriddhi Account in Private Bank?
Sukanya Samriddhi Yojana accounts can be opened in authorized banks as well as post offices. Both banks and post offices are regulated by the Government of India and are required to follow certain rules and regulations to ensure the safety and security of the accounts.
Private banks are also regulated by the Reserve Bank of India (RBI) and are required to follow the same rules and regulations as public sector banks. As such, opening a Sukanya Samriddhi Yojana account in a private bank is generally safe.
However, it is important to choose a bank with financial stability and a good track record of customer service. Before deciding which bank to open your Sukanya Samriddhi Yojana account with, you can do your own research and compare the facilities and services offered by different banks.
Overall, opening a Sukanya Samriddhi Yojana account in a private bank is generally safe as long as you choose a bank that is well regulated and has a good reputation. It is advisable to do your own research and consider the specific features and services offered by different banks before making a decision.
What is the Age Limit for Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana is a savings scheme for girl child which is open to girl child up to 10 years. The scheme is designed to provide financial support for a girl child’s education and marriage expenses and encourages parents to save for these expenses from an early age.
To open a Sukanya Samriddhi Yojana account, the age of the girl child should be less than 10 years at the time of opening the account. The account can be opened by the parent or guardian of the girl child and should be opened in the name of the girl child. The account can be opened in any authorized bank or post office and can be opened only in the name of a girl child.
The maturity of the Sukanya Samriddhi Yojana account is 21 years from the date of opening the account or till the child attains marriageable age, whichever is earlier. The account can be closed before maturity under certain circumstances, such as death of the girl child or if the girl child gets married before the age of 18.
Overall, Sukanya Samriddhi Yojana is a long term savings plan for girl child which is open to children up to 10 years. The scheme provides financial assistance for girl child’s education and marriage expenses and encourages parents to save for these expenses from an early age.
Can We Change the Amount in Sukanya Samriddhi Account?
Yes, you can change your Sukanya Samriddhi Yojana account by making additional deposits or withdrawals from the account. Sukanya Samriddhi Yojana is a savings scheme for girl child that allows you to make deposits in the account and earn interest on the deposits. You can deposit into the account and increase the amount in the account at any time.
To deposit into your Sukanya Samriddhi Yojana account, you can visit the bank or post office where the account is located and deposit in cash, by check or through electronic mode like Internet Banking or Mobile Banking. You can also set up a standing instruction or automatic transfer to make regular deposits into the account.
You can also make withdrawals from your Sukanya Samriddhi Yojana account to reduce the amount in the account. However, you should be aware that Sukanya Samriddhi Yojana is a long-term savings plan and withdrawals from the account may affect the growth of your savings. Withdrawals from the account are usually allowed for specific purposes, such as higher education or marriage expenses of a girl child.
Overall, you can change your Sukanya Samriddhi Yojana account by depositing or withdrawing it from the account. It is important to carefully consider your financial goals and the specific purposes for which you wish to withdraw from the account before making any changes to the amount in the account.
Can We Change Guardian in Sukanya Samriddhi Account?
Yes, you can change the guardian of Sukanya Samriddhi Yojana account. The guardian of the account is
Is Photo Required for Sukanya Samriddhi Yojana?
Yes, you have to submit a passport size photograph of the girl child for whom the Sukanya Samriddhi Yojana account is being opened. A photograph will be required as part of the document when you open the account.
To open a Sukanya Samriddhi Yojana account, you will need to visit a post office or an authorized bank branch and fill the required application form. Along with the application form, you will need to submit supporting documents such as the birth certificate of the girl child, proof of identity and address of the parent or guardian who opened the account and a passport-size photograph of the girl child.
It is important to ensure that the photograph is a recent, passport-sized photograph of the girl and meets the necessary requirements. The photograph should be taken against a light colored background and should show the full face of the child. The photograph should be clear and of good quality, with no marks or defects.
Overall, a passport-size photograph of the girl child is an important requirement while opening a Sukanya Samriddhi Yojana account and should be submitted along with other required documents.
How can I Link My Bank Account to Sukanya Samriddhi?
You can link your bank account with your Sukanya Samriddhi Yojana account as follows:
Through Online Portal: If you have an online account with Sukanya Samriddhi Yojana, you can link your bank account with the account through the online portal. To do this, you need to log into your online account and follow the prompts to link your bank account. You will need to provide necessary details, such as your bank account number, IFSC code and other relevant information.
By visiting a bank or post office: You can also link your bank account with your Sukanya Samriddhi Yojana account by visiting the bank or post office where your account is. You have to fill the required form and submit it along with a copy of your bank account statement or canceled check as proof of your bank account details.
It is important to note that you can link only one bank account with your Sukanya Samriddhi Yojana account. You have to provide details of the bank account you want to use for making deposits and withdrawals from the Sukanya Samriddhi Yojana account.
Overall, linking your bank account with your Sukanya Samriddhi Yojana account can make it easier for you to make deposits and withdrawals from the account. It may also allow you to access your account and conduct transactions through internet banking or mobile banking,
How to Update Mobile Number in Sukanya Samriddhi Account?
You can update the mobile number in your Sukanya Samriddhi Yojana account by following these steps:
Visit the bank or post office where your Sukanya Samriddhi Yojana account is kept: To update your mobile number you will need to visit the bank or post office where your Sukanya Samriddhi Yojana account is kept. You can find the nearest bank or post office by visiting the official website of Sukanya Samriddhi Yojana (https://www.sukanyasamriddhi.gov.in/) and using the “Locate Bank/Post Office” tool.
Fill Required Form: To update your mobile number in Sukanya Samriddhi Yojana account you have to fill mobile number change form. You can get the form from a bank or post office or download it from the official website of the scheme.
Submit form and supporting documents: You will need to submit supporting documents like proof of identity and proof of new mobile number along with change of mobile number form. You may also need to submit a copy of Sukanya Samriddhi Yojana passbook or account statement as proof of your account details.
Wait for the update to be processed: Once you have submitted the form and supporting documents, the bank or post office will process it
How to Check Sukanya Samriddhi Account Balance by SMS?
You can check your Sukanya Samriddhi Yojana account balance via SMS by following these steps:
Register for SMS Banking: Most banks offer SMS banking services that allow you to check your account balance and perform other transactions using your mobile phone. To use SMS banking, you need to register for the service with your bank. You can usually register for SMS banking by visiting your bank’s website or visiting a bank branch.
Use SMS Banking Code: Once you have registered for SMS banking, you can use a specific SMS code to check the balance in your Sukanya Samriddhi Yojana account. The SMS code will vary depending on the bank you have opened your account with. You can check with your bank for the specific SMS code to use.
Send SMS: To check your Sukanya Samriddhi Yojana account balance through SMS, you need to send an SMS code to the designated number provided by your bank. The SMS code should be sent as a text message from your registered mobile number.
Wait for Response: After you send the SMS, you will receive a message from your bank with the balance in your Sukanya Samriddhi Yojana account. The message will usually include the current balance in the account and any other relevant information.
Overall, SMS Banking is your Sukanya Sa
mriddhi Yojana is a convenient way to check account balance and stay updated on your account status. It is important to note that you will need to register for SMS banking with your bank and use the specific SMS code provided by the bank to check your account balance.
Important Facts of Sukanya Samriddhi Yojana | Important Facts of Sukanya Samriddhi Yojana
Here are some important facts about Sukanya Samriddhi Yojana:
Eligibility: Sukanya Samriddhi Yojana is a savings scheme for girl child which is open to children upto 10 years of age. This scheme can be opened by the girl’s parents or guardian in the name of the girl child.
Maturity period: The maturity period of Sukanya Samriddhi Yojana account is 21 years from the date of opening the account or till the girl reaches marriageable age, whichever is earlier.
Interest rate: Sukanya Samriddhi Yojana offers high interest rate on deposits made in the account. The interest rate is fixed by the Government of India and is reviewed from time to time.
Tax benefits: Sukanya Samriddhi Yojana provides tax benefits to the account holder under Section 80C of the Income Tax Act. Deposits made in the account and interest earned are eligible for tax exemption.
Withdrawals: Withdrawals from the Sukanya Samriddhi Yojana account are generally allowed for specific purposes, such as higher education or marriage expenses of a girl child. Withdrawals from the account are subject to certain conditions and limitations.
Closure of account: The Sukanya Samriddhi Yojana account can be closed before maturity under certain circumstances, such as death of the girl child or if the girl child gets married before the age of 18 years.
Overall, Sukanya Samriddhi Yojana is a long-term savings plan for the girl child that provides financial support for the girl child’s education and marriage expenses. The scheme offers higher interest rates, tax benefits and flexibility in terms of deposits and withdrawals.
Changes Made in Sukanya Samriddhi Yojana | Changes made in Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is a savings scheme for the girl child administered by the Government of India. From time to time, the government may modify the scheme to improve its features and benefits.
Here are some of the changes that have been made in the Sukanya Samriddhi Yojana:
Extension of the Maturity Period: In 2021, the government increased the maturity period of Sukanya Samriddhi Yojana account from 21 years to 25 years. This extension was made to provide additional time for the girl child to save for her education and marriage expenses and to encourage parents from an early age to save for these expenses.
Increase in the Maximum Deposit Limit: In 2019, the government increased the maximum deposit limit for Sukanya Samriddhi Yojana from INR 1.50 lakh per annum to INR 2.50 lakh per annum. The increase was made to provide more flexibility to the account holder and encourage more savings.
Extension of the Tax Benefits: In 2020, the government extended the tax benefits of the Sukanya Samriddhi Yojana to include interest earned on deposits. Earlier, only deposits made into the account were eligible for tax exemption. This extension was extended to provide additional tax benefits to the account holder.
Overall, Sukanya Samriddhi Yojana has undergone many changes over the years to improve its features and benefits. The government may continue to modify the scheme in future to further enhance its features and benefits.
How is Interest Calculated in Sukanya Samriddhi Yojana Account? Sukanya Samriddhi Yojana Calculator
Interest on Sukanya Samriddhi Yojana account is calculated quarterly and compounded annually.
The interest rate is fixed by the Government of India and is reviewed from time to time. The current interest rate for Sukanya Samriddhi Yojana account is 7.6% per annum.
Interest on the Sukanya Samriddhi Yojana account is calculated based on the principle and the period for which the principle remains in the account. Interest is credited to the account quarterly and compounded annually, which means that the interest earned in a particular year is added to the principal and becomes part of the account balance. Interest is calculated on the balance in the account at the end of each quarter.
To calculate interest on Sukanya Samriddhi Yojana account, you can use the following formula:
Interest = (Principle x Rate of Interest x Duration) / 100
Where:
Principle is the amount deposited in the account
Rate of interest is the current interest rate for the Sukanya Samriddhi Yojana account
Duration is the number of quarters for which the principle remains in the account
For example, if you have deposited INR 50,000 in a Sukanya Samriddhi Yojana account and the interest rate is 7.6% per annum, the interest earned in 1 year will be:
Interest = (50,000 x 7.6 x 4) / 100 = INR 2280
Overall, interest on Sukanya Samriddhi Yojana account is calculated quarterly and compounded annually. Interest is calculated based on the principle and the period for which the principle remains in the account, and
Sukanya Samriddhi Yojana 2023
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Sukanya Samriddhi Yojana Official Website
Their official website for Sukanya Samriddhi Yojana is https://www.sukanyasamriddhi.gov.in/.
The website provides detailed information about the scheme including its features, benefits, eligibility criteria and account opening process. The website also has a section on Frequently Asked Questions (FAQs) that provides answers to common questions about the scheme.
On the website, you can find information about interest rates on Sukanya Samriddhi Yojana accounts, minimum and maximum deposits, tax benefits available under the scheme and documents required to open an account. The website also has a list of authorized banks and post offices where you can open a Sukanya Samriddhi Yojana account.
Apart from providing information about Sukanya Samriddhi Yojana, the website also has an online portal where you can open an account, check your account status and make online deposits. You can also download the required forms and documents from the website.
Overall, the official website of Sukanya Samriddhi Yojana is a useful resource for anyone who wants to know more about the scheme and how to open an account.
How can I Deposit My Sukanya Samriddhi Yojana Online?
You can deposit money into your Sukanya Samriddhi Yojana account using the following steps:
Visit the official website of Sukanya Samriddhi Yojana https://www.sukanyasamriddhi.gov.in/
Click on the “Deposit Money Online” link on the homepage.
You will be redirected to the online portal for Sukanya Samriddhi Yojana.
Enter your account number and the captcha code displayed on the screen.
Click on “Proceed” button.
You will be taken to the payment gateway page, where you can deposit using your debit card, credit card or net banking.
Enter the required details and follow the prompts to complete the transaction.
It is important to note that you need to have an internet banking account or a debit/credit card to make an online deposit to your Sukanya Samriddhi Yojana account. You also need to have the account number of your Sukanya Samriddhi Yojana account handy to complete the transaction.
Even if you do not have an internet banking account or a debit/credit card, you can deposit your Sukanya Samriddhi Yojana account by visiting a post office or an authorized bank branch. You can also make a deposit at the bank or post office where your account is by sending a demand draft or cheque.
Download Sukanya Samriddhi Yojana Form | Sukanya Samriddhi Yojana Form
You can download the Sukanya Samriddhi Yojana form from the official website of the Ministry of Finance, Government of India. Here is the link to the form:
Download Form PDF
You can also download the form from the website of any authorized bank or post office offering Sukanya Samriddhi Yojana.
To download the Sukanya Samriddhi Yojana form, you will need to follow these steps:
Go to official website of Ministry of Finance, Government of India or official bank or post office website.
Look for the Sukanya Samriddhi Yojana Form link or search for the form using the keyword “Sukanya Samriddhi Yojana Form”.
Click on the link to open the form.
Save the form to your computer or print it.
To open a Sukanya Samriddhi Yojana account you have to fill the form and submit it along with the required documents. The form will ask for details such as name and address of the girl child, name and address of the guardian and the amount to be deposited in the account.
It is important to fill the form correctly and provide accurate information to avoid any delay in opening Sukanya Samriddhi Yojana account. It is also important to make regular deposits in the account to maximize the growth of your savings and ensure that you have sufficient funds available for the girl child’s education and wedding expenses.
| Where | Download Link |
| Official Website | CLICK HERE |
| Download Form from SBI | CLICK HERE |
| Download Form from Post Office | CLICK HERE |