Sukanya Samriddhi Yojana 2023
Sukanya Samriddhi Yojana 2023
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.
| Where | Download Link |
| Official Website | CLICK HERE |
| Download Form from SBI | CLICK HERE |
| Download Form from Post Office | CLICK HERE |
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.