In 2014, the Government of India launched Sukanya Samriddhi Yojana to further the education of daughters. The main objective of starting this scheme was to get better education for daughters and to meet the expenses of daughters’ wedding. This scheme has proved very helpful for the daughters whose parents were not able to read them. The main objective of Sukanya Samriddhi Yojana is to complete the daughters’ education or marriage by anyone.
Explain that the Finance Ministry has not made any change in the benefits available in this scheme. The Finance Ministry has not increased the interest rate of small savings scheme for the next three months. This scheme is the highest return yielding scheme, at present 7.6% interest will be received under this scheme.
For your information, please tell that by investing only 250 in Sukanya Samriddhi Yojana, an account can be opened. To keep this account running, a minimum deposit of 250 is required annually. New rules have also been made for this. According to this new rule, if you do not activate this account again, interest will continue to accrue at the rate applicable to the scheme on the default account till maturity.
According to the new rule, if the daughter dies, in that case the parents will be allowed to close this account on compassionate grounds. Earlier, the account could be closed either on the death of the daughter or in case of changing the permanent address of the daughter.
Earlier, the daughter was allowed to manage this account only from the age of 10 years. But now on the basis of new rules, the daughter can operate this account only after the age of 18. Until the daughter turns 18, this account will be operated by her parents. After the daughter turns 18, this account will be opened by putting all documents in the bank or post office.
Documents used for this can use Sukanya Samriddhi Yojana form, daughter’s birth certificate, parents’ identity card, such as PAN card, ration card and passport etc. Net banking can also be used to pay for money. The bank or post office also gives a passbook after this account is opened.
According to the new rule, money cannot be withdrawn from this account until the daughter turns 18. This account matures when the daughter becomes 21 years of age. As soon as the age of 18 years, up to 50 percent of the amount deposited from this account can be withdrawn. You also get partial withdrawal facility in it.