Sukanya Samriddhi Yojana: Hi, Guys. Today I will share exciting pieces on the topic of Sukanya Samriddhi Yojana.
Please go on to the article and enjoy reading it.
How to apply for Sukanya Samriddhi Yojana? All one needs to know on eligibility, Interest rate, and tax benefits.
Sukanya Samriddhi Yojana is a government deposit scheme launched for the girl child. It was established as part of the government’s ‘Beti Bachao, Beti Padhao’ campaign and launched the project to secure the future of a girl child for education and marriage.
Below we answer questions relating to who can invest in the scheme. Open an account in the system, how much can support, etc.
1. Who can invests in Sukanya Samriddhi Yojana?
This Account can open by a guardian at any time, in the name of a girl child below ten years. Do keep in mind that you can open only one account for one girl child. Both parents cannot open an account for the saved girl child. As per the scheme rules, can extend reports for a maximum of two girls in a family.
However, in the birth of twins/triplet girls, more than two accounts can be permitted.
2. What is the minimum and maximum amount of deposit?
Can open the scheme account with a minimum of Rs 250. Once the account is opened, one must make a minimum deposit of Rs 250 every financial year whether the account holder fails to deposit the minimum amount in store every year.
The account shall treat as a default account. Following deposits in multiples of Rs 50 is allowed. The maximum amount that will be deposit in the report is Rs 1.5 lakh in a financial year.
3. What are the documents that are required to open the Sukanya Samriddhi account?
Open the account, and the guardian is required to submit duly filled Form-I and a birth certificate of the girl child. The form will also ask for the PAN and the Aadhaar of the guardian.
4. For how long can the deposits be made in the Sukanya Samriddhi Account?
Can it deposit till the completion of 15 years from the date of opening of the account?
5. When is the yojana Sukanya Samriddhi account mature?
It will mature after 21 years from its opening the store or at the time of marriage of the girl child after reaching 18 years, one month before or three months after the marriage date.
6. What is the interest rate on the Sukanya Samriddhi Account?
The interest rate on the Sukanya Samriddhi account is notified by the government every quarter, along with rates on other small saving schemes. For the January to March 2021 quarter, the interest rate has been set at 7.6% per annum.
7. How is the interest amount calculated in the Sukanya Samriddhi Account?
Interest Sukanya Samriddhi Yojana is calculated lowest balance in the account between the close of the 5th day at the end of the month. The statement comes with yearly making. However, the actual interest amount will credit to the account at the end of each financial year.
8. Where can the Sukanya Samriddhi account be opened?
Can open the Sukanya Samriddhi Account either in a post office or a bank that offers this scheme.
9. What are the tax benefits that are available on the Sukanya Samriddhi Yojana?
The Sukanya Samriddhi Yojana enjoys free from an obligation status under the Income-tax Act, 1961. The deposits have been made under the scheme offer deduction under section 80C. The interest earned on the promises and the maturity amount is free from tax.
10. Is the premature closure of the Sukanya Samriddhi account allowed?
Yes, premature closure of the Sukanya Samriddhi account is allowed under certain conditions. The sudden closure of the store is permitted after five years of account opening. The early closure of the report will be allowed either on the account holder’s death (i.e., the girl child) or extreme compassionate grounds.
The outer compassionate grounds include the life-threatening disease of the account holder and the end of the guardian by whom an account is operating. Do keep in mind, in case Yes, premature closure of the Sukanya Samriddhi account is allowed under certain conditions.
The sudden closure of the report is permitted after five years of account opening. The early closure of the account will be allowed either on the account holder’s death (i.e., the girl child) or extreme compassionate grounds.
The outer compassionate grounds include the life-threatening disease of the account holder and the end of the guardian. To whom an account is operated, do keep in mind, in case of death of the account holder. The post office savings account interest rate will apply from the date of death to the date of payment.
11. What is the process to withdraw money from the Sukanya Samriddhi Account?
Scheme rules, withdrawal maximum of up to 50% of the balance available at the end of the previous financial year, allow or educate the account holder is the girl child. Such withdrawal allows after the girl child attains 18 years or has passed 10th standard, whichever is earlier. Can exit from the Sukanya Samriddhi account can be made either in a single payment or in installments.
It should not exceed one per year, for a maximum of five years. Further, it Will restricts the amount of withdrawal to the actual requirement on account of educational fees. The other charges required at the time of admission, subject to an overall ceiling of 50%.
12. How to Revive a Sukanya Samriddhi account in default?
It can become a default account if the minimum deposit is not made in a financial year. Can revive version in default before completing 15 years from the date opens the tab. On paying the minimum deposit amount of Rs. 250 plus penalty. The amount of Rs. 50 for each year of default.
13. Who is going to operate Sukanya Samriddhi Account?
The account will operate by the guardian till the girl child reaches the age of 18 years.
So, it is essential information on the topic of Sukanya Samriddhi Yojana.
If Queries or Questions is persisting then, please comment on the viewpoints.
Also Read: