Sukanya Samriddhi Yojana is a scheme that was launched by the central government a few years ago to secure the future of daughters. Under this scheme, the government provides financial assistance to a girl child from her birth to her education and marriage. For this they paid Rs. Gets cash assistance up to 15 lakhs. However, the government has recently made some amendments to this scheme, and we are telling you about it in this article.
How much money is available in Sukanya Samriddhi Yojana (Sukanya Samriddhi)
Sukanya Samriddhi Yojana is a scheme that is being implemented across the country where the government has taken up the task of securing the future of the girl child. Yes, the government has given the daughter Rs. 15 lakhs assistance is provided. The main objective of this scheme is to financially support the daughter’s education and marriage by using this money to remove the worry about the future of the daughter.
How much to invest
However, to avail the benefits of Sukanya Samriddhi Yojana, the beneficiary’s parents must also invest. Yes, the beneficiary’s parents are required to register the Sukanya Samriddhi account in the daughter’s name with the bank. In addition, 250 rupees per annum has to be deposited in it.
How much time to invest
Your next consideration should be how long this investment needs to be made. Now let us tell you that they should continue this investment till the girl reaches 15 years of age. A total of Rs. 1.5 lakhs will have to be invested. This account will remain active for another six years. When the daughter turns 21, the account will become mature.
Let us tell you that there is absolutely no risk in investing in this scheme as it is tax free. Moreover, this plan is now returning 7.6%.
Sukanya Samriddhi Yojana saw 5 changes.
Let me talk about the changes made in Sukanya Samriddhi Yojana, the government has chosen to give the benefit of this scheme to two daughters of a family. And this benefit can be taken for the third daughter also, but if there are twin daughters for the second time then the benefit under Section 80C of Income Tax will not be given. But now this restriction has been removed, the third daughter will also be eligible for the benefit of the scheme.
In this scheme, a daughter’s account used to be operated after reaching the age of 10, but now, the government has made it illegal to do so before the age of 18.
For Sukanya Samriddhi Yojana a minimum of Rs. 250 requires an annual deposit and a maximum of Rs. 1.50 lakhs. If the guardian of the beneficiary is unable to make the required deposit for any reason, his account is first flagged as default. However, this will no longer be the case. If you deposit this money at any time during the month, there will be no change in the interest rate.
Another change in the scheme is that interest erroneously credited to the beneficiary daughter’s account need not be refunded. Any annual interest accrued in the account. At the end of the financial year, it is credited.
Before the most recent adjustment in the scheme, the beneficiary’s account was prematurely canceled only in two cases. The first was that the daughter passed away too soon and the second was that she got married abroad. However, now there are more reasons to close a daughter’s account. For instance, the account can be closed early if the daughter has developed a serious illness or the girl’s parents have passed away.
If you are a beneficiary of this scheme, it is very important for you to be aware of these changes implemented by the government. Don’t forget to share this article with all your relatives and friends.