Sukanya Samriddhi Yojana: The Best scheme for the rural areas.

Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana: Recently government has increased interest of Sukanya Samriddhi Yojana by 0.20%. The initiative is launched by the government only for the girls. The government allows the public that an account can be opened only for two daughters and not for more than two. If any woman has already one daughter and in the next delivery if the women delivered twin daughters in this situation government allows to opening of three accounts of Sukanya Samriddhi Yojana.

The account can be opened between the ages of 0 to 10 in your near-approved bank or post office.

This initiative was taken by the government of India, in the year 2015 under the initiative of “Beti Bachao Beti Padhao”, Sukanya Samriddhi Yojana was started so that the girls from the rural areas could have a better future. Under this “Yojana,” a minimum amount of money people deposit and gets an interest of 8.20%.

Benefits of Sukanya Samriddhi Yojana:

Interest Rate: Every three months government increasingly changes the interest rate. So that people can get maximum return from the deposit money.

Minimum deposit: people can deposit a minimum balance of rs 250 and a maximum of up to 1.5 lakh. If you fail to maintain the minimum balance every year in this scenario your account can be suspended and to reopen your account you may have to be rs 100 as fine.

Maturity Period: The maturity period of Sukanya Samriddhi Yojana is 21 years. Suppose you open an account at the age of 4 then the maturity Period will be at the age of 25.

Transfer of Account: If you change your home address, your accounts can also be easily changed. For this, you have to pay Rs 100 and proof of new address.

Eligibility Criteria of Sukanya Samriddhi Yojana:

It is valid for any girl who is 10 years old or below.

To open the account, Only the age proof of the girls needs to be submitted.

If the account holder is getting married in that situation. She can get 50% money before the maturity period is completed and the rest 50% can be taken after the maturity period is completed. The same applies to education. You can get 50% money for the education before the maturity period is completed.

How to open a Sukanya Samriddhi Yojana Account:

To open this account you have to few steps,

  • Step 1: Go to the nearest post office or Bank
  • Step 2: Fill out the form and provide the KYC details
  • Step 3: Have to pay Rs 250 to open the account.
  • Step 4: Receive the passbook once the account is opened.

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