Sukanya Samriddhi Yojana (SSY):- is a small deposited Yojana by the Ministry’s of Finance which is exclusively for a girls childs in a single-family. SSY was launched on 22 January 2015 by Mr. Prime Minister as part of Beti Bachao Beti Padhao campaign. The objective of this scheme is to meet the expenses of education and marriage of a girl child. Notified by the Government of India on 14 December 2014, the Yojana encouraged parent’s to Create a fund for theirs girl child’s future Education and marriage expenses. Applying for SSY can be done through post offices or through branched of publication sector banks and three private sector banks namely HDFC Bank And Axis Bank And ICICI Bank.
Sukanya Samriddhi Yojana :
The account can be opened by the parents or legal guardian of the girl children. Sukanya Samriddhi Yojana This Yojana the age of the girl child should be lesser than 10 year’s. Only one account is allowed for a girl child. A family can open only two SSY accounts. The minimum annual investment is ₹250; The maximum investment is ₹1,50,000 annually. The maturity period is 21 years. Currently, SSY has several tax benefits and has the highest interest rate, i.e. 7.6%, among all small savings schemes. The principal amount deposited And interested earned over the entire tenure and maturity benefit are free. The principal amount is eligible for deduction under section 80C up to ₹1,50,000. Since the inception of the scheme, around 2.73 crore accounts have been opened with deposits of around ₹1.19 lakh crore.
Sukanya Samruddhi Yojana For Benefits :
The minimum annual investment is ₹250; The maximum investment is ₹1,50,000 annually. The maturity period is 21 years. Presently And SSY has several tax benefits and has the highest interest rate And i.e. 7.6%, among all small savings schemes. The principal amount recruited, the interest earned during the entire tenure and the maturity benefit are all exempt from income tax under the holding. The account can be transferred from one post office / bank to another at any place in India. Interest payment in case the account is not closed even after maturity. Unwanted withdrawal is allowed up to 50% of the investment if the girl child is not married even after attaining the age of 18 years.
Sukanya Samruddhi Yojana For Eligibility :
- The account can be opened in the name of a girl child who has not completed ten years of age as on the date of opening of the account. Under this scheme each account holder will have only one account. One account can be opened under this scheme for a maximum of two girl children in a family: Provided that more than two accounts can be opened in a family if such girl child is first or second born and is supported by a certified journal Are. For this, an undertaking has to be submitted by the guardian and this undertaking has to be verified with the attached birth certificates, which will confirm the birth of multiple girl children born in the first two lines of the family. It should be noted that if the first born girl child in the family is equal to two or more surviving girl children, then this provision will not apply to the second born girl child.
Sukanya Samruddhi Yojana Documents :
- Provide the following documents for birth certificate of girl child :
- Photographic ID card of the applicant parent or legal guardian.
- Address proof of the applicant parent or legal guardian.
- Other KYC proofs as proof of identity, such as PAN card and voter ID card.
- Completed Sukanya Samriddhi Yojana (SSY) Account Opening Form.
- If multiple children are born under one birth, a medical certificate will be required to be submitted.
- Any other document requested by the bank or post office.
Sukanya Samruddhi Yojana For Application Process :
Sukanya Samriddhi Yojana (SSY) account can be opened in any relevant bank or post office branch. Open the account by completing the steps given below :
- Go to where you want to open the account, i.e. bank or post office.
- Provide the required information in the application form and attach any supporting documents.
- Pay the first deposit in cash, check or demand draft. The amount of payment can range from Rs 250 to Rs 1.5 lakh.
- The bank or post office will process your Application and payment.
- After processing, your SSY account will be activated. You will be provided with a passbook for this account to commemorate the opening of the account.
Important links :
- Download Sukanya Samriddhi Yojana Form Pdf :- Download Now
- Sukanya Samriddhi Yojana Online Apply :- Apply Now