Sukanya Samriddhi Yojana 2021: Save 15 Lakh Investing 100 Rupees Every Day

15 lakhs will be available if you saving 100 rupees every day. Know Online Registration, Objectives, Eligibility & Benefits of Sukanya Samriddhi Yojana 2021

Sukanya Samriddhi Yojana was inaugurated by the Prime Minister of our country Shri Narendra Modi on 22 January 2015 under Beti Bachao Beti Padhao. Under this scheme savings account is opened for daughters of the country. This scheme is called “Sukanya Samriddhi Yojana“. It is also said that under this scheme, the account of girls below the age of 10 years can be opened by the post office, national bank, other agency. Dear friends, I will share complete information related to Sukanya Samriddhi Yojana 2021 like the application process, documents, etc.

Sukanya Samriddhi Yojana 2021

Sukanya Samriddhi Account, which was launched on 2nd December 2014 under Beti Bachao Beti Padhao Scheme. The account is open under PM Kanya Yojana from the birth of the child until the age of ten years. Sukanya Samriddhi Accounts can be opened at any local post office. The minimum amount that can be deposited into this account is 250. Sukanya Samriddhi Yojana. It’s primary objective is to improve girls’ futures. 

Girls shouldn’t have to worry about money when they are eligible to study or marry. Let us tell you, this scheme allows girls 18 and older to withdraw money from their account. If girls in our country make progress, we will also be able move forward.

As part of “Beti Bachao , Beti Padhao Yojana” Sukanya Samriddhi Yojana is the government-supported savings scheme for children. The parents of a young girl under the age of 10 will open it. This plan includes a 7.6 per cent average cumulative interest rate from April 2020.

Changes made in Sukanya Samriddhi Yojana

Five changes have been made by the government under this scheme. Which you need to know about. We have given below about these five changes. You should read this information carefully.

Changes in premature account closing rules

According to this new rule, the account can be closed before maturity on the basis of the death or sympathy of the girl under this scheme. Sympathy refers to the situation where the account holder has to undergo treatment for a fatal illness or death of the guardian. In such a situation, the bank can close the account before the maturity period.

High interest rate on default account

Under Sukanya Samridhi Yojana, if a person does not deposit a minimum amount of Rs 250 in a year in Sukanya Samriddhi account, then it is considered as a default account. As per the new rule notified by the government on December 12, 2019, now the interest rate will be given on the amount deposited in such default account as fixed under this scheme. Also 8.7% on Sukanya Samriddhi Yojana account post office savings An interest rate of 4% will be available on the account.

Opening account of more than two girls

According to the new rule under this scheme, if a person has to submit additional documents to open an account of more than two daughters, now you are also required to submit an affidavit along with the daughter’s birth certificate.

Account handling

Under this scheme, according to the new rules of the government, the girl in whose name the account is, she cannot take control of her account till she turns 18, whereas earlier it was 10 years of age. When the child turns 18, the guardian will have to submit documents related to the child to the post office.

Other changes

In addition to the above changes to the rules of Sukanya Samridhi Yojana, some new provisions have been added, while some have been removed. It has not been clarified about them yet. As soon as we get some information about it, we will let you know through our article.

PM Kanya Yojana Account Transfer

Under Sukanya Samriddhi Yojana, accounts can be transferred from one place to another. This transfer can be done without any fees. For this, the account holder has to provide proof of transfer to the post office or bank. If the account holder is unable to provide proof of transfer, then he has to transfer the transfer by paying a fee of ₹ 100.

Objective of Sukanya Samriddhi Yojana 2021

The aim of Sukanya Samriddhi Yojana 2021 is to advance girls in the field of education and to not let the lack of money on getting married. And your daughter’s account can be opened in the bank for a minimum of Rs 250. With this SSY 2021, the girls of the country will get encouragement and will be able to move forward. Preventing feticide of girls through this scheme.

Sukanya Samriddhi Yojana Interest Rates 2020-21

Sukanya Samriddhi Yojana interest rate 2020-21: Sukanya Samriddhi Yojana interest rate (alone), which is 7.6%, is multiplied every year. Samridshi Yojana interest rate 2020: The government’s interest rate is set and periodically updated. The historical interest rates for girls in this government system are as follows:

Age Limit To Open Account Under Sukanya Samriddhi Yojana

Under Sukanya Samriddhi Yojana, a daughter’s bank account can be opened from 0 to 10 years of age. Bank account cannot be opened under this scheme if the daughter’s age is more than 10 years. The account will be operated by the daughter’s parents or guardian.

SSY Sukanya Samriddhi Yojana Maturity and Partial Withdrawal

Some people think that the sukanya Samriddhi account matures with the age of 21 but it is completely wrong. The age of the girl has no relation with the maturity of the account. However, the account holder can withdraw the amount only when he attains the age of 18 years and the amount is being used for higher studies and marriage. The account will be closed later. Premature closure of account is allowed in the event of death of the account holder on production of death certificate issued by the competent authority. The balance is then credited to the parent and the account is closed.

PM Kanya Yojana Tax Benefit

Under Section 80C of the Income Tax Act 1961, the amount deposited in Sukanya Samriddhi Yojana, the amount of interest and maturity amount is tax free. A rebate has been provided by the government on contributions made under this scheme, which is up to ₹ 150000 per year.

Major Benefits

Beneficiary Benefits

• As per the Income Tax Act, all investments made under this scheme are eligible for the benefit of tax deduction. A maximum tax deduction of 1.5 lakh is allowed towards SSY.
• Under this, interest is credited, which is credited to the account on an annual basis. There is no tax levied on this accrued / accumulated interest. This allows the funds under the scheme to be maximized.
• The tax exemption can be claimed by either the girl’s parents or legal guardian. Only a depositor is eligible for tax exemption under Section 80C of the Income Tax Act.

Benefits of PM Kanya Yojana 2020

• The benefit of this scheme will be provided to girls below 10 years of age.
• Under Sukanya Samriddhi Yojana, guardians of girls can open a savings account for them. Until that girl turns 10.
• Under this scheme, a maximum of Rs 1.5 lakh can be deposited during the current financial year.
• Under PM Kanya Yojana 2020, you can easily secure the future of your girls.
• This will help in your girl’s education or marriage.
• You can easily start this scheme in any bank or post office.

Authorized bank for Sukanya Samriddhi Yojana

Step to Download Sukanya Samriddhi Yojana Application Form Online 2021

Step 1: You can download the application form for Sukanya Samriddhi Yojana Account from different source sources, such as:

• Individual websites of public sector banks (SBI, PNB, BoB, etc.)
• The websites of participating private sector banks (e.g. ICICI Bank, Axis Bank and HDFC Bank)

• The Reserve Bank of India Website
• The India Post Website

Step 2: While the SSY application form is available from many outlets, the form areas are the same irrespective of their source.

Step to fill SSY Application Form 2021

Sukanya Samriddhi Yojana Calculator

When you plan to invest in the method, you can measure the maturity at the end of your tenure using the Sukanya Samriddhi Yojana calculator. The calculator can be used to figure out how much you can save for the higher education and/or marriage of your daughter using this system.

Up to Rs 1.5 lakh can be invested in Sukanya Samriddhi Yojana in a year.

The central government has not made any change in the interest rates of small savings schemes for the July-September quarter. Along with this, now the interest on Sukanya Samriddhi Yojana is also getting the same as the last quarter. Sukanya Samridhi Yojana is one of the savings schemes of the central government, in which tax free investment can be made for daughters till a certain age. Exemption is available under section 80C of the Income Tax Act. This tax exemption is available on investments up to a maximum of Rs 1.5 lakh in a year.

SSY was launched by the Central Government in the year 2015 to create a capital for the education, marriage and other expenses of daughters. If you look at it compared to other schemes, then it also gets better interest. For the July-September quarter, the scheme is earning an interest rate of 7.6 per cent per annum. The interest earned on this is also compounded annually.

Benefit of interest at the rate of 7.6 per cent if you start investing before September 30

If invested in this scheme in the right way, then big capital can be made for the daughter. Today we are telling you that if you invest in this scheme before 30th September, then how will you make a huge capital of Rs 15 lakh on maturity. Keep in mind that the maturity amount is paid only to the person in whose name the investment has been made in this scheme.

Make Rs 15 lakh by saving Rs 100 everyday

If a person invests Rs 3,000 every month in this scheme, then the total amount invested by him in a year will be Rs 36,000. After investing for 14 years, he will get Rs 9,87,637 in terms of interest at the rate of 7.6 per cent per annum. Under the rule of this scheme, the maturity of Sukanya Samriddhi Account is completed only when the daughter attains the age of 21 years. In such a situation, on the completion of 21 years of the daughter’s age, you can get Rs 15,27,637.

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